On October 20, 2009
Dassault Hopes Brazilian Sales Lift Company
The worlds aerospace companies have been hurt badly by the global recession. This has not only caused sales of civil aircraft to fall but also reduced domestic defense budgets. Lower spending has made it harder to keep sales and revenues up for all defense contractors around the world. Many of the big U.S. and European companies are trying to make up these cuts by selling to Asia, the Middle East and South America. One country that is looking at significantly upgrading the technological capabilities of their military while also investing in their domestic defense industries is Brazil. They have already signed a major contract with Eurocopter to manufacture new military helicopters with parts and assembly to occur domestically. The next…
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