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Brazil seeks better terms in Boeing jet bid-sources
February 8, 2011 / 8:55 PM / in 7 years

Brazil seeks better terms in Boeing jet bid-sources

SAO PAULO, Feb 8 (Reuters) - Brazilian President Dilma Rousseff has told visitors she believes Boeing’s (BA.N) F-18 is the best jet among three finalists in a multi-billion dollar Air Force fighter tender, but she is still pressing for better terms on the issue of technology transfers, sources said.

Rousseff raised the issue of the jet tender in a meeting on Monday in Brasilia with visiting U.S. Treasury Secretary Timothy Geithner, sources with knowledge of the conversation told Reuters.

Rousseff told Geithner she remains concerned about the transfers of proprietary technology that Brazil wants to help develop its own defense industry as part of any deal. She is seeking both improved transfer terms and further guarantees from Boeing and the U.S. government, the sources said.

The other finalists in the bidding process are the Rafale jet built by France’s Dassault (AVMD.PA) and the Gripen NG produced by Sweden’s Saab SAAb.ST.

Editing by Todd Benson and Ted Kerr

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