Boeing loses out on $4.5B Brazil deal

|About: The Boeing Company (BA)|By:, SA News Editor

Boeing (BA) has lost out on a 10-year $4.5B contract to supply 36 fighter jets to Brazil, which has chosen Saab's (SAABF) Gripen over the U.S. plane maker's F-18 Super Hornet.

Brazilian Defense Minister Celso Amorim said the government chose Saab because it agreed to share more technology and because many of the parts would be made in the country. The Gripen is also cheaper than the F-18 to buy and operate.

Amorim sidestepped a question over whether the Edward Snowden spying revelations - about which Brazil is furious - were a factor.