Login
iscover
DefendTex has announced that it has entered into negotiations with Brazil’s Avibras Indústria Aeroespacial for a potential acquisition, enabling the economic and financial recovery of the Brazilian technology provider.
To continue reading the rest of this article, please log in.
Create free account to get unlimited news articles and more!
It is hoped that the acquisition will ensure that the company can maintain its manufacturing facilities in Brazil and resume operations as soon as possible, the companies outlined in a recent statement.
Avibras has supported clients in the aerospace, defence, electronics, vehicles, and aeronautical sectors for over 60 years.
Local Australian company DefendTex delivers capabilities spanning guided weapons, energetics, rocket manufacturing, and loitering munitions.
“Avibras Indústria Aeroespacial and DefendTex hereby announce that they have been engaged in advanced discussions to facilitate a potential investment aimed at the economic and financial recovery of Avibras, with the goal of maintaining its manufacturing facilities in Brazil, resuming operations as soon as possible, and ensuring the fulfilment of contractual obligations with the Brazilian government and other clients,” the companies said in a statement.
“Both companies are committed and diligently working to finalise the specific terms and conditions of the investment and will keep the market informed.”
In 2023, the Brazilian government confirmed that it was deploying troops to the Venezuelan border, as Venezuela announced that it would look to invade neighbouring Guyana.
The threats emerged as 95 per cent of Venezuelan voters supported the government’s claim to Guyana’s Essequibo region.
