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Wednesday, December 19, 2012

Brazil invests in rocket technology

ASTROS-II MLRS |Brazil is pursuing a multimillion-dollar program to revive and modernize its precision strike technologies with the aim of developing rockets and missiles both for domestic military use and exports.

The Latin American country, under military rule from the mid-1960s to mid-1980s, profited from precision rocket exports, many to former Iraqi strongman Saddam Hussein and Arab states in the Persian Gulf.

The end of the Iraq-Iran war and the Cold War set Brazil's defense industry back, with production shutdowns, job losses and collapse of the export market but all that is intended to change.

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