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Friday, January 21, 2011

Dassault's $53 Billion Rafale Jet Seeking First Order After Brazil Setback

RafaleThe Rafale fighter, made by France’s Dassault Aviation SA, is loaded with high-tech avionics, radar, and targeting systems. Now all it needs are customers.

France has been peddling the supersonic jet since 2000 and hasn’t sold a single one.

In the latest setback, Brazil said on Jan. 17 that it would reopen bidding for a fighter contract worth up to $7 billion -- a deal France had thought it was close to sealing last year, Bloomberg Businessweek reports in its Jan. 22 edition. Neither Dassault nor the French Defense Ministry would comment on Brazil’s decision.

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