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Embraer Announces Discussions on Partnering with the Czech Republic in the KC-390 Program - Czech government manifests its intention to acquire two military transport jets from Embraer
Embraer Announces Discussions on Partnering with the Czech Republic in the KC-390 Program

 

NewswireToday - /newswire/ - São José dos Campos, São Paulo, Brazil, 2010/09/13 - Czech government manifests its intention to acquire two military transport jets from Embraer. NYSE: ERJ; Bovespa: EMBR3

   
 
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In a ceremony held, today, in Prague, Czech Republic, the Defense Ministers of Brazil, Nelson Jobim, and the Czech Republic, Alexandr Vondra, signed a Declaration of Intent regarding the European country’s participation in the development program of the KC-390 military transport jet. The agreement marks the beginning of negotiations for the involvement of Czech industry in the design and manufacture of the new airplane, as well as the future acquisition of two KC-390 aircraft by the Czech government.

“We are very pleased with the interest shown by the Czech government in participating in the KC-390 program, and we trust that the country will become one more partner in this successful endeavor,” said Orlando José Ferreira Neto, Embraer Executive Vice President, Defense Market, who was also present at the ceremony. “The new agreement reaffirms the KC-390’s potential for success. We are enthusiastic about the prospects of having this cooperation with the Czech Republic’s long-standing aeronautics industry, and we believe that this can be the beginning of a solid, long-term relationship.”

This is Embraer’s fourth announcement of negotiations regarding international partnerships for the KC-390 program, since the 47th Farnborough International Airshow, in England, in July, when the Brazilian Air Force (FAB) revealed its intention to acquire 28 of the jets. Chile, Colombia, and Portugal have already begun discussions to establish the conditions for their participation in the design and manufacture of the new military transport jet. With the Czech Republic joining the negotiations, this could result in the sale of 54 KC-390 airplanes to the air forces of these five countries.

Embraer (Empresa Brasileira de Aeronáutica S.A. - NYSE: ERJ; BM&FBovespa: EMBR3) is the world’s largest manufacturer of commercial jets up to 120 seats, and one of Brazil’s leading exporters. Embraer’s headquarters are located in São José dos Campos, São Paulo, and it has offices, industrial operations and customer service facilities in Brazil, China, France, Portugal, Singapore, and the United States. Founded in 1969, the Company designs, develops, manufactures and sells aircraft for the commercial aviation, executive aviation, and defense segments. The Company also provides after sales support and services to customers worldwide. On June 30, 2010, Embraer (embraer.com) had a workforce of 16,781 employees – not counting the employees of its partly owned subsidiaries – and its firm order backlog totaled US$ 15.2 billion.

This document may contain projections, statements and estimates regarding circumstances or events yet to take place. Those projections and estimates are based largely on current expectations, forecasts on future events and financial tendencies that affect Embraer’s businesses. Those estimates are subject to risks, uncertainties and suppositions that include, among others: general economic, political and trade conditions in Brazil and in those markets where Embraer does business; expectations on industry trends; the Company’s investment plans; its capacity to develop and deliver products on the dates previously agreed upon, and existing and future governmental regulations. The words “believe”, “may”, “is able”, “will be able”, “intend”, “continue”, “anticipate”, “expect” and other similar terms are supposed to identify potentialities. Embraer does not feel compelled to publish updates nor to revise any estimates due to new information, future events or any other facts. In view of the inherent risks and uncertainties, such estimates, events and circumstances may not take place. The actual results can therefore differ substantially from those previously published as Embraer expectations.

North America
Christine Manna
E: cmanna[.]embraer.com.
Cell: +1 954 383 9950
T: +1 954 359 3879
F: +1 954 359 4755

Europe, Middle East and Africa
Stéphane Guilbaud
E: sguilbaud[.]embraer.fr.
Cell: +33 6 7522 8519
T: +33 1 4938 4455
F: +33 1 4938 4456

China
Tracy Chen
E: tracy.chen[.]bjs.embraer.com.
Cell: +86 139 1018 2281
T: +86 10 6598 9988
F: +86 10 6598 9986

Asia Pacific
Shorbani Roy
E: shorbani.roy[.]sin.embraer.com.
Cell: +65 9794 2401
T: +65 6305 9955
F: +65 6734 8255.

 
 
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Written by / Agency / Source: Empresa Brasileira de Aeronáutica S.A.

 
 

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Embraer Announces Discussions on Partnering with the Czech Republic in the KC-390 Program

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Embraer |
Publisher Contact: Carlos Eduardo Camargo 
+55 12 3927 1311 carlos.camargo[.]embraer.com.br
 
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