embraer sa-adr (ERJ) Key Developments
Embraer to Partner with Saab in Joint Programme Management for Brazil's F-X2 Project
Jul 11 14
Embraer and Saab have signed a Memorandum of Understanding to partner in joint programme management for the F-X2 Project, pursuant to the selection of the Gripen NG as Brazil's next generation fighter jet. Under this agreement, Embraer will perform a role in the overall programme performance as well as undertake an extensive share of work in the production and delivery of both the single and two-seat versions of Gripen NG aircraft for the Brazilian Air Force. Embraer will coordinate all development and production activities in Brazil on behalf of Saab and, in addition to its own extensive work packages, will participate in systems development, integration, flight tests, final assembly and deliveries. Furthermore, Embraer and Saab will be jointly responsible for the complete development of the two-seat version of the Gripen NG, at the same time that a strategic partnership for future global promotion and marketing of both single and two-seat versions is being discussed between the two companies. The agreement will be implemented following a successful conclusion of the ongoing discussions between Saab and Brazil relating to the finalization of F-X2 contracts.
Embraer SA, Board Meeting, Jun 10, 2014
Jun 6 14
Embraer SA, Board Meeting, Jun 10, 2014.
Embraer Cuts 83 Jobs at Nashville Site
Jun 4 14
Embraer has eliminated 83 of the 560 positions at its Nashville jetliner maintenance facility, laying off 60 workers and giving 23 others voluntary buyouts.
Embraer SA Opens Final Assembly Hangar for KC-390
May 21 14
Embraer S.A. announced that it has opened the final assembly line of the KC-390 military transport at Embraer's plant in Gaviao Peixoto, Sao Paulo. Embraer and the Brazilian Air Force signed the series production contract of the KC-390, marking the beginning of a new phase of the project, which began to be developed in 2009. The contract provides for the purchase of 28 aircraft over a period of ten years, with the first delivery scheduled for the end of 2016. Besides the aircraft, the contract provides for supplying a logistical support package, which includes spare parts and maintenance. The contract still depends on complementary documentation in order to go into effect, which is expected to occur within 90 days. The KC-390 is a joint project of the Brazilian Air Force with Embraer to develop and produce a tactical military transport and aerial refueling airplane that is a significant advance in terms of technology and innovation for the Brazilian aeronautics industry. The airplane will be produced at the Gaviao Peixoto industrial plant, in outstate Sao Paulo, in facilities including more than 30,000 square meters of hangars, where the first prototype is already in the structural assembly phase. Final assembly is planned to begin in June 2014.
Embraer SA Presents at Drexel Hamilton Aerospace and Defense Conference, Jun-12-2014
May 17 14
Embraer SA Presents at Drexel Hamilton Aerospace and Defense Conference, Jun-12-2014 . Venue: Westin New York Times Square Hotel, 270 W 43rd Street, New York, NY 10036, United States. Speakers: Christopher Thornsberry, Director of IR.