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Stock impact report

Brazilian planemaker Embraer targets defense jet sales in Mexico visit [Yahoo! Finance]

Embraer S.A. (ERJ) 
Last embraer s.a. earnings: 3/26 06:00 am Check Earnings Report
US:NYSE Investor Relations: ri.embraer.com.br
Company Research Source: Yahoo! Finance
The C-390 is known as a multi-mission aircraft, and competes with Lockheed's C-130. "We believe it can be a great solution for Mexico," Gomes Neto told Reuters during a visit to Mexico ahead of incoming President Claudia Sheinbaum's inauguration. The executive did not say how many of each aircraft it was looking to sell to Mexico. If Mexico were to tie up a purchase of the lighter Super Tucano aircraft, which Gomes Neto highlighted for its use as a training aircraft or for border surveillance, it would join a number of other Latin American countries firming up orders in recent months. Gomes Neto said that it was also eyeing business jet sales in Mexico, the world's third-largest market for such aircraft. "We expect to grow our fleet in Mexico by 11% in the next two years," he said. Embraer tied up a $750 million order in June for 20 E2 jetliners to Mexico's military-run commercial airline Mexicana. Gomes Neto shrugged off concerns from analysts about the stability of th Show less Read more
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