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Avibras, known for manufacturing the renowned Brazilian Astros Rocket Artillery System, is facing a serious financial crisis. With a debt that exceeds R$600 million, the Brazilian company is struggling to maintain its operations and pay its employees. In the midst of this situation, new hope arises: China, through the state-owned Norinco, wants to buy 49% of Avibras.
Avibras' financial crisis has already led to employee strikes due to delayed wages. Miscellaneous attempts were made to resolve the situation, including negotiations with the Australian company DefendTex, which ended up not materializing, now it is China's turn.
Norinco, a Chinese state-owned company, shows interest in acquiring up to 49% of Avibras. This negotiation began in 2023 and is awaiting definitions from both Avibras and the Brazilian government.
As Avibras is considered a strategic defense company, any sale, even partial, must be approved by the Brazilian government
Avibras plays a crucial role in national defense, with important projects such as Astros 2020 and the AV-TC 300 Tactical Cruise Missile. Therefore, the negotiation with Norinco, from China, will be thoroughly analyzed to ensure that sovereignty and Brazil's security are preserved.
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If the negotiation with Norinco is successful, Avibras will be able to overcome its financial crisis and continue contributing to national defense. However, it is essential that the Brazilian government ensures that the country's interests are preserved and that Avibras continues to operate in a way that strengthens Brazil's security and sovereignty.
The possible sale of 49% of Avibras to Norinco, China, may represent a solution to the crisis financial position of the Brazilian company. However, the transaction needs to be carefully evaluated by the government to ensure that national interests are protected and whether a sale is truly the only solution.
