Embraer S.A. (NYSE:ERJ)
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SÃO PAULO, July 11, 2019 /PRNewswire/ -- The Portuguese Government announced today a firm order of five multi-mission airlifters Embraer KC-390 as part of the process to modernize Portuguese Air Force capacities to support national Armed Forces operations and increase readiness in missions of public interest. Deliveries are scheduled to start in 2023.
The KC-390 is designed to set new standards for efficiency and productivity in its category while presenting the lowest life-cycle cost of the market. The aircraft can perform different types of military and civilian missions including humanitarian support, medical evacuation, search and rescue and firefighting, while fully meeting the requirements of the Portuguese Air Force, adding new superior cargo and troops transport, aerial delivery and aerial refueling capabilities.
"Today is a historic day for the KC-390 Program and I want to thank those who have contributed to the project. This is a very important step to consolidate the aircraft which we believe will become another success for Embraer. The Portuguese KC-390 will meet new interoperability requirements, in the areas of secure navigation, data and voice transmission that will allow the KC-390 to integrate joint operations in multinational alliances in which Portugal is integrated. These requirements, developed in partnership with the Portuguese Air Force, will enable the KC-390 to meet the needs of many other nations around the world." said Jackson Schneider, President and CEO of Embraer Defense & Security. "The industrial partnership between Portugal and Embraer contributes to the development of engineering and the Portuguese aeronautics industry, representing more than 300 million euros in exports each year and thousands of highly skilled jobs."
Portugal is the largest international partner of the KC-390 Program and its participation in the development and production of the aircraft is recognized as having had a positive economic impact in the generation of jobs, new investments, increased exports and technological advances.
The KC-390 has received its Civil Certification from the Brazilian National Aviation Agency (ANAC) in 2018 and is now in full serial production. Entry into service is expected to occur in the 3rd quarter of 2019 with the Brazilian Air Force (FAB), with follow on deliveries to occur throughout the year.
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A global aerospace company headquartered in Brazil, Embraer celebrates its 50th anniversary with businesses in Commercial and Executive aviation, Defense & Security and Agricultural Aviation. The company designs, develops, manufactures and markets aircraft and systems, providing after-sales Services & Support to customers around the world.
Since it was founded in 1969, Embraer has delivered more than 8,000 aircraft. On average, about every 10 seconds an aircraft manufactured by Embraer takes off somewhere in the world, transporting over 145 million passengers a year.
Embraer is the leading manufacturer of commercial jets up to 150 seats and the main exporter of high value-added goods in Brazil. The company maintains industrial units, offices, service and parts distribution centers, among other activities, across the Americas, Africa, Asia and Europe.
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SOURCE Embraer S.A.