Avibrás Indústria Aeroespacial, based in Jacareí, São José dos Campos, Brazil, is a diversified Brazilian company which designs, develops and manufactures defense products and services.
[4][5][6][7] In June 2024, the Australian Government decided not to support DefendTex financially in the acquisition of Avibras.
[8] Norinco is also interested in Avibrás, 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.
[9][10] Avibrás 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.
[11][12][13] 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.