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Friday, January 23, 2009

Brazil's Odebrecht will help build subs

Mockup of nuclear submarine in BrazilA French naval defense systems company chose Brazilian builder Odebrecht to help construct four submarines for the South American nation.

Brazil is hoping to build on the technology of those vessels to eventually construct Latin America's first nuclear-propelled submarine.

France's DCNS says on its Web site Wednesday it will partner with Rio de Janeiro-based construction company Norberto Odebrecht SA on the deal, reportedly worth about $9 billion.

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