Embraer sees India, Saudi Arabia, EU, US as strategic defense markets [Yahoo! Finance]
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Embraer S.A. (ERJ)
Last embraer s.a. earnings: 3/26 06:00 am
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Source: Yahoo! Finance
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 C-130 Hercules, is currently in "early engagement" with Embraer, 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) C-390 could deliver additional capability in this replacement process," Costa Junior said. A potential Saudi purchase could reach 25 units, and Embraer expects the country to make a decision in two to four years, the executive added. In addition to Embraer's 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
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ERJ
Earnings
- 5/8/24 - Beat
ERJ
Sec Filings
- 6/3/24 - Form 6-K
- 5/24/24 - Form 6-K
- 5/23/24 - Form SD
- ERJ's page on the SEC website