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Embraer Announces Discussions on Partnering with Argentina in the KC-390 Program - Argentine government manifests its intention to acquire six military transport jets from Embraer
Embraer Announces Discussions on Partnering with Argentina in the KC-390 Program

 

NewswireToday - /newswire/ - São José dos Campos, São Paulo, Brazil, 2010/10/29 - Argentine government manifests its intention to acquire six military transport jets from Embraer. NYSE: ERJ; Bovespa: EMBR3

   
 
 

As a result of the conversations held between the Brazilian and the Argentine Defense Ministries, the ministers Nelson Jobim and Nilda Garré signed, this week, a Declaration of Intent regarding the South American neighbor’s participation in the development program of the KC-390 military transport jet. The agreement marks the beginning of negotiations for the involvement of Fábrica Argentina de Aviões “Brig. San Martín” S.A. – FAdeA in the manufacture of the new airplane, as well as the future acquisition of six KC-390 aircraft by the Argentine government.

“This is another strong demonstration of interest for the KC-390, which proves this product meets the military transportation market requirements,” said Orlando José Ferreira Neto, Embraer Executive Vice President, Defense Market. “Therefore, it is a great pleasure to see Argentina following this path, thus reinforcing the technological integration of South America’s defense segment.”

This is Embraer’s fifth announcement of negotiations regarding international partnerships for the KC-390 program since August. Chile, Colombia, Portugal, and the Czech Republic have already begun discussions to establish the conditions for their participation in the development and production of the new military transport jet. In July, the Brazilian Air Force (Força Aérea Brasileira – FAB) revealed its intention to acquire 28 of the jets. With Argentina joining the negotiations, this could result in the aggregated sale of 60 KC-390 airplanes to the air forces of these six 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 September 30, 2010, Embraer (embraer.com) had a workforce of 17,009 employees – not counting the employees of its partly owned subsidiaries – and its firm order backlog totaled US$ 15.3 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.

 
 
 

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

 
 

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

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