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Friday, March 26, 2010

High-stakes final phase for Brazil jet fighter tender

Gripen NGA multi-billion-dollar deal to supply Brazil with sophisticated fighter jets was in its high-stakes final phase Wednesday, with President Luiz Inacio Lula da Silva under intense pressure ahead of his decision.

Sweden's King Carl XVI Gustaf and Defense Minister Sten Tolgfors called on Lula in Brasilia to make an ultimate push for Swedish aircraft to win out over French and US rivals in the tender.

Brazilian officials say the contest should be decided by the end of next week.

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