Boeing Closer To Be Chosen By Brazil After Biden Visit

Brazil is likely to choose Boeing Co.'s F-18 for the most sought-after jet contract.

U.S. Vice President Joe Biden addressed at government's main misgivings during a visit to Brasilia that the U.S. Congress was likely to respect Boeing's agreement to transfer sensitive technology to Brazil as part of the deal, three officials who were present said on condition of anonymity.

The deal will involve 36 jets worth about $4 billion, with probable follow-up orders that would greatly increase the value of the contract over time. That makes it a critical prize for defense companies at a moment when the United States and many European countries are tightening military budgets.

The other finalists are France's Dassault Aviation SA and Sweden's Saab AB.

The final decision is yet to be made, officials said.