20:52
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Boeing company 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
Hrinak said Rousseff's decision will affect Boeing's plans to build local maintenance centers and supply chains that would have taken root had it sold its F/A-18 Super Hornet here.
"It's not that we're not going to do these things ever, but the velocity and intensity of our activities was necessarily affected by this decision," Hrinak said this week in her first interview since Rousseff chose Saab's Gripen AG fighter.
Hrinak emphasized that Boeing is still pushing ahead with several other projects in Brazil, citing biofuels development and a strategic partnership with Brazilian aircraft maker Embraer SA to help develop and market its KC-390 military transport plane.
"We've said all along that we're here for the long haul regardless of what happened" with the jets deal, Hrinak said. "This is a good place to invest, a good place to do business, and we're going to continue to do both."
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
Hrinak said Rousseff's decision will affect Boeing's plans to build local maintenance centers and supply chains that would have taken root had it sold its F/A-18 Super Hornet here.
"It's not that we're not going to do these things ever, but the velocity and intensity of our activities was necessarily affected by this decision," Hrinak said this week in her first interview since Rousseff chose Saab's Gripen AG fighter.
Hrinak emphasized that Boeing is still pushing ahead with several other projects in Brazil, citing biofuels development and a strategic partnership with Brazilian aircraft maker Embraer SA to help develop and market its KC-390 military transport plane.
"We've said all along that we're here for the long haul regardless of what happened" with the jets deal, Hrinak said. "This is a good place to invest, a good place to do business, and we're going to continue to do both."
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