Sau Paulo: Saudi defence company SCOPA and Brazil’s Avibras Aerospace have signed a Memorandum of Understanding (MoU) to purchase rockets and cruise Missiles.
The agreement was signed on the sidelines of Brazil-Saudi Arabia Investment Forum held at the headquarters of Sao Paulo State Industry Federation (Fiesp).
Under the MoU the Saudi company will give funds to the Brazilian company to enhance its capacity while it would also place orders to procure AV-MTC 300 cruise missiles, new SS-150 rockets, and other necessary equipment.
This agreement would help to upgrade Saudi Arabia’s defense capability.
