financetom
Business
financetom
/
Business
/
Embraer sees India, Saudi Arabia, EU, US as strategic defense markets
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Embraer sees India, Saudi Arabia, EU, US as strategic defense markets
Jun 18, 2024 3:07 PM

GAVIAO PEIXOTO, Brazil, June 18 (Reuters) - Brazilian

planemaker Embraer ( ERJ ) sees India, Saudi Arabia, the

European Union and the United States as strategic markets for

its defense unit as it looks to expand sales of the C-390

Millennium, the head of Embraer Defense said on Tuesday.

India has an open tender to buy military planes while Saudi

Arabia, looking to replace an aging fleet of Lockheed Martin's ( LMT )

C-130 Hercules, is currently in "early engagement" with Embraer ( ERJ ),

Bosco da Costa Junior told reporters at an event.

"They don't have an open tender, but they need to replace

their old C-130s. We did a lot of studies and concluded that the

(Embraer ( ERJ )) C-390 could deliver additional capability in this

replacement process," Costa Junior said.

A potential Saudi purchase could reach 25 units, and

Embraer ( ERJ ) expects the country to make a decision in two to four

years, the executive added.

In addition to Embraer's ( ERJ ) home country Brazil, nations

such as Portugal, Hungary, the Netherlands, Austria, the Czech

Republic and South Korea have selected the planemaker's military

transportation aircraft.

Expanding its presence abroad with more C-390 sales has

been a key goal of Embraer's ( ERJ ) defense division, which also sees

Sweden as a potential customer. It has partnerships with

Mahindra in India and Saab in Sweden to

introduce the plane.

Embraer ( ERJ ) has also been "aggressive on several fronts" in

the United States, Costa Junior said, including exploring

opportunities for mergers or acquisitions as well as pitching

the C-390 to the U.S. Marines, Air Force and special forces.

"We do believe that the C-390 could add additional value

to those entities in the U.S.," the executive said. "One thing

is clear to us: We would like to become a partner of the U.S.

government."

Asked if any potential relationship with China could

compromise connections with the U.S., Costa Junior stressed that

Embraer's ( ERJ ) defense business had no relationship or any kind of

discussions with the Asian superpower.

"We are 100% U.S.- and NATO-oriented," he said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Iraq, Exxon to sign Majnoon oil field agreement Wednesday, sources say
Iraq, Exxon to sign Majnoon oil field agreement Wednesday, sources say
Oct 8, 2025
BAGHDAD (Reuters) -Iraq and Exxon Mobil ( XOM ) will sign an agreement on Wednesday to manage, develop, and operate Majnoon oil field in southern Iraq, three Iraqi official sources with knowledge of the matter told Reuters. The agreement will also include upgrading Iraqi oil export infrastructure in the south, and a profit sharing crude oil and refined products trading...
Americana Partners Expands Into Nashville With Acquisition of Goodpasture Gray
Americana Partners Expands Into Nashville With Acquisition of Goodpasture Gray
Oct 8, 2025
$11.5* Billion Texas-Based Wealth Management Firm Continues Growing Footprint Beyond Texas, Tapping Sports & Entertainment Market HOUSTON--(BUSINESS WIRE)-- Houston-based Americana Partners, an independent wealth management firm with over $11.5* billion in assets under management, today announced the acquisition of Goodpasture Gray, a Nashville-based SEC-registered investment advisory firm serving discerning clients seeking generational investment advice through asset allocation strategies. This...
Form 8.3 - Spirent Communications PLC
Form 8.3 - Spirent Communications PLC
Oct 8, 2025
LONDON--(BUSINESS WIRE)--   FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser: Qube Research & Technologies Limited (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of...
Form 8.3 - Spectris PLC
Form 8.3 - Spectris PLC
Oct 8, 2025
LONDON--(BUSINESS WIRE)--   FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser: Qube Research & Technologies Limited (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of...
Copyright 2023-2026 - www.financetom.com All Rights Reserved