Argentina, Brazil may jointly develop nuclear submarine: Report

25 Feb 2008

1

Buenos Aires: Brazil and Argentina may have arrived at an understanding to jointly develop a nuclear submarine, according to Argentine media reports. The reports said that the project could lay the groundwork for a regional defence industry.

According to reports, Brazilian defence minister Nelson Jobim and his Argentine counterpart, Nilda Garre, discussed plans last week to form a joint company to construct the submarine. The Brazilian defence minister was on a visit to Argentina, where he called on his counterpart.

Prior to his departure, Jobim said that the two countries could convene a South American Defence Council meet in Brazil in October.

Jobim also said that South American militaries are fundamentally "deterrent" rather than "expansionist."

"But that deterrence power can only be exercised if there is behind it a regional military industry that makes us independent of foreign supplies," he was quoted as saying.

No comments, either from the Argentine or Brazilian defence ministries, were available. 

Latin America's first nuclear submarine project could combine Argentine experience in creating a compact reactor that could power the vessel with Brazilian access to other necessary technologies, including nuclear fuel, the reports said.

Brazilian president Luiz Inacio Lula da Silva had announced $540 million in new funding for Brazil's nuclear submarine and uranium enrichment programmes last year.

Defence minister Jobim had also travelled to France this January to explore buying a Scorpene class diesel submarine that could be used as a model for the sub.

Braziloian president Silva and Argentine president, Cristina Fernandez, agreed in a meeting last week to cooperate in enriching uranium for nuclear power and also to consider building a shared reactor. 

Latest articles

The silicon-rich AI race: how Cisco’s G300 puts networking at the center of compute

The silicon-rich AI race: how Cisco’s G300 puts networking at the center of compute

Silver jumps nearly Rs 7,000/kg; gold rises Rs 1,600 as weak US retail data boosts rate-cut bets

Silver jumps nearly Rs 7,000/kg; gold rises Rs 1,600 as weak US retail data boosts rate-cut bets

Goldman Sachs doubles down on India, climbs Wall Street rankings in crowded deal market

Goldman Sachs doubles down on India, climbs Wall Street rankings in crowded deal market

Rahul Gandhi criticises India–US trade deal as tariffs on Indian goods rise to 18%

Rahul Gandhi criticises India–US trade deal as tariffs on Indian goods rise to 18%

MPS Board Member and Senior Treasury Official Resigns Amid Insider Trading Probe

MPS Board Member and Senior Treasury Official Resigns Amid Insider Trading Probe

Eutelsat Secures €1 Billion Financing for OneWeb Satellite Procurement

Eutelsat Secures €1 Billion Financing for OneWeb Satellite Procurement

Tencent, Tesla Team Up on WeChat-Linked In-Car Features in China

Tencent, Tesla Team Up on WeChat-Linked In-Car Features in China

Australia presses Roblox over child safety concerns, regulator signals possible fines

Australia presses Roblox over child safety concerns, regulator signals possible fines

Cisco Unveils AI Networking Chip to Strengthen Position in Data Centre Boom

Cisco Unveils AI Networking Chip to Strengthen Position in Data Centre Boom