Brazil spending $160m. on nuclear propelled sub

By
August 30, 2008 01:34

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analysis from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

Brazil will spend $160 million by the end of next year on the development of a nuclear-propelled submarine to protect the oil reserves found recently off its coast, the defense minister said Friday. The vessel - which officials hope to be complete by 2020 - would be the first nuclear-propelled submarine in Latin America. Brazil does not have nuclear weapons. The submarine is the highlight of the Brazil's new defense plan - to be made public on Sept. 7. Brazil is believed to be preparing to spend $3.5 billion by the end of 2010 to upgrade its weapon systems, according to reports in the local media. Speaking in Rio de Janeiro on Friday, Defense Minister Nelson Jobim said the upgrade includes provisions for a massive technology transfer from France - essential if Brazil hopes to have a nuclear submarine.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Yukiya Amano
July 22, 2019
International Atomic Energy Agency head Yukiya Amano passes away

By REUTERS

Cookie Settings