Boeing bullish on Brazil despite lost fighter jet deal

Boeing Co says its failure to win a $4 billion-plus fighter jet deal in Brazil was a lost opportunity that will lead it to scale back planned investments in the country, although it still sees excellent opportunities in cargo, defense and biofuels.

The Chicago-based aerospace company was until last June the clear front runner to win a deal to supply at least 36 jets to the Brazilian Air Force -- one of the world's significant defense contracts.

"It's a lost opportunity for the U.S.-Brazil relationship and for Boeing," lamented Donna Hrinak, Boeing's president in Brazil, in an interview with Reuters.

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