Avibras Rescue Plan: Merger and BNDES Support to Save Brazilian Defense Giant

The Brazilian defense company Avibras is at a crossroads. The firm, known for its missile and rocket launcher technology, is struggling financially. The government and military want to save Avibras from bankruptcy or foreign takeover. Avibras owes about R$600 million ($109 million) and filed for bankruptcy protection in 2022. This led to 420 job cuts, […]

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