financetom
Business
financetom
/
Business
/
Embraer to invest some $3.5 billion in Brazil by 2030
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Embraer to invest some $3.5 billion in Brazil by 2030
Feb 12, 2025 12:39 PM

BRASILIA (Reuters) - Brazilian planemaker Embraer plans to invest 20 billion reais ($3.47 billion) in the country by 2030, Chief Executive Francisco Gomes Neto said on Wednesday.

"This amount will be used toward an increase in aircraft production and the development of new products," he said at an event in capital Brasilia alongside Brazilian President Luiz Inacio Lula da Silva.

Those new products include Embraer's so-called "flying taxi" electric vertical take-off and landing(eVTOL) aircraft, under development by subsidiary Eve, Gomes Neto said.

The CEO said he felt "quite optimistic about the future" for Embraer's operations in several segments, including commercial and executive aviation as well as defense and security.

In a press release issued later in the day, Embraer said that the investment forecast is similar to the firm's spending in recent years and is in line with its growth plan for the next five years.

($1 = 5.7592 reais)

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 >
BMO on The Day Ahead in Canada
BMO on The Day Ahead in Canada
Oct 17, 2024
08:02 AM EDT, 10/17/2024 (MT Newswires) -- The calendar is light in Canada on Thursday, with no market-moving pieces of macroeconomic data on deck, noted Bank of Montreal (BMO). Investors will get construction investment and international securities transactions, both for August, at 8:30 a.m ET, said the bank. The Canadian dollar (CAD or loonie) softened again on Thursday at $1.378/USD...
S&T Bancorp Earnings, Revenue Decline in Q3
S&T Bancorp Earnings, Revenue Decline in Q3
Oct 17, 2024
08:04 AM EDT, 10/17/2024 (MT Newswires) -- S&T Bancorp ( STBA ) reported Q3 earnings Thursday of $0.85 per diluted share, down from $0.87 a year earlier. Five analysts polled by Capital IQ expected $0.81. Revenue for the quarter, expressed as the sum of net interest income and total noninterest income, was $96.4 million, compared with $99.6 million a year...
Theratechnologies Unveils Study Design of PROMISE-US Trial of Ibalizumab
Theratechnologies Unveils Study Design of PROMISE-US Trial of Ibalizumab
Oct 17, 2024
08:06 AM EDT, 10/17/2024 (MT Newswires) -- Theratechnologies ( THTX ) on Thursday announced the study design and baseline characteristics of participants in a prospective observational study of multidrug-resistant patient outcomes with and without the company's ibalizumab in a real-world setting in the U.S. (PROMISE-US). The study seeks to fill a gap in long-term clinical outcomes for heavily treatment-experienced people...
Wipro's Fiscal Q2 Earnings Rise, Revenue Falls
Wipro's Fiscal Q2 Earnings Rise, Revenue Falls
Oct 17, 2024
08:05 AM EDT, 10/17/2024 (MT Newswires) -- Wipro ( WIT ) reported fiscal Q2 earnings Thursday of 6.12 Indian rupees ($0.07) per diluted share, up from 5.04 Indian rupees a year earlier. One analyst polled by Capital IQ expected 5.55 Indian rupees. Revenue for the quarter ended Sept. 30 was 223.02 billion Indian rupees compared with 225.16 billion Indian rupees...
Copyright 2023-2026 - www.financetom.com All Rights Reserved