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Venezuela Cancels $60 Million Contract With Brazilian Military Hardware Company

LADB Article ID: 070068
Category/Department: General
Date: Thursday, August 2, 1990
By: Barbara Khol

On July 29, the Venezuelan government canceled a $60 million contract to purchase 100 Urutu EE-12 light tanks from the Brazilian Engesa company. The government's $460,000 down payment is to be reimbursed by insurance companies, according to army...

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