Avibras Indústria Aeroespacial is a Brazilian aerospace and defense company. Its range of products encompasses artillery and aircraft defense systems, rockets and missiles such as air-to-ground and surface-to-surface weapon systems, including artillery rocket systems; 70 mm air-to-ground systems and fiber optic multi-purpose guided missiles. It makes armoured vehicles as well. It also manufactures civilian transportation through a division called Tectran, telecommunications equipment, electronic industrial equipment (Powertronics), automotive painting and explosives.
Avibras Indústria Aeroespacial is a Brazilian aerospace and defense company. Its range of products encompasses artillery and aircraft defense systems, rockets and missiles such as air-to-ground and surface-to-surface weapon systems, including artillery rocket systems; 70 mm air-to-ground systems and fiber optic multi-purpose guided missiles. It makes armoured vehicles as well. It also manufactures civilian transportation through a division called Tectran, telecommunications equipment, electronic industrial equipment (Powertronics), automotive painting and explosives.
==History== In April 2024, DefendTex, an Australian company, had proposed acquiring the company, which has a debt of more than R$600 million or around €80 million, of which R$14.5 million is owed to workers. In June 2024, the Australian Government decided not to support DefendTex financially in the acquisition of Avibras. Norinco is also interested in Avibras, with 49% stake, if DefendTex could not raise US$70 millions from Australian Government Credit to its acquisition and transfer advanced missile manufacturing capability from Brazil to Australia. Avibras is supposed to be valued at US$200 million, laid off 420 employee, a third of its workforce in 2022, those who remained were not paid for more than a year. Its debt is estimated at R$570 million (US$104.5 million) in 2022 and had ballooned to R$700 million (US$128.480 million) in 2024. Federal Deputy Guilherme Boulos presented on July 18, 2024, in the Chamber of Deputies a proposal Federal Government to expropriate the industry with R$2 billion, to own brazilian government continue development of ongoing and new projects.
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