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Embraer SA ( (ERJ) ) just unveiled an announcement.
Embraer has announced a significant contract with the Portuguese Ministry of National Defense to supply 12 A-29N Super Tucano aircraft, marking Portugal as the launch customer of this NATO-specific version. This deal not only modernizes the Portuguese Air Force but also strengthens Embraer’s position in the defense market by showcasing the A-29N’s advanced capabilities in training and operational missions, thus enhancing industrial cooperation with Portugal and opening opportunities for further market expansion.
More about Embraer SA
Embraer is a global aerospace company based in Brazil, engaged in Commercial and Executive Aviation, Defense and Security, and Agricultural Aviation. The company designs, manufactures, and markets aircraft and systems, with a robust after-sales service network. Since its founding in 1969, it has delivered over 9,000 aircraft, becoming the leading manufacturer of commercial jets with up to 150 seats and a major exporter of high-value goods in Brazil.
YTD Price Performance: 97.89%
Average Trading Volume: 1,237,122
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $6.74B
See more insights into ERJ stock on TipRanks’ Stock Analysis page.
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