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Embraer: Portugal orders sixth C-390M plus ten options

$ERJ (+1.95%)

At the 55th Paris Air Show, Brazilian manufacturer Embraer confirmed that Portugal intends to procure a sixth C-390M transport aircraft for its air force. The Portuguese government had already signed a framework agreement for five aircraft in August 2019.


With the additional procurement now announced, the FAP (Força Aérea Portuguesa) will operate six C-390Ms in future.


Ten options for NATO partners


But it is not only the fleet expansion itself that is causing a stir: Together with Embraer, Portugal also wants to include ten additional purchase options in the existing contract. These are intended to enable other European countries and NATO members to procure C-390Ms in future via state agreements with Portugal. This will not only strengthen multilateral operational capability, but also create an economic advantage through joint training, logistics and life cycle costs - and, last but not least, strategically integrate the Portuguese aviation sector.


"With this decision, we continue to invest in the capabilities of our Air Force - as a reference operator of an aircraft with unique characteristics, integrated and tested in Portugal," explained Defense Minister Nuno Melo. "The inclusion of ten options for government-to-government negotiations offers European and NATO countries access to a versatile platform that also strengthens Portugal's industrial base and training infrastructure, such as the new C-390M Training Center."


First repeat order by a user state


Embraer Defense & Security is also delighted with the order: "The fact that Portugal is the first operator to order an additional aircraft confirms the reliability and performance of the C-390M," emphasizes Bosco da Costa Junior, CEO of Embraer Defense & Security. The company is seeing increasing interest from other Western countries - and hopes that other European air forces will soon join the growing user group.


https://militaeraktuell.at/embraer-portugal-bestellt-sechste-c-390m-plus-zehn-optionen/


Morgan Stanley raises price target for Embraer shares from 45 to 65 dollars


https://www.investing.com/news/analyst-ratings/embraer-stock-price-target-raised-to-65-from-45-at-morgan-stanley-93CH-4097349


How it feels to fly the KC-390


https://www.flugrevue.de/militaer/embraer-militaertransporter-so-fliegt-es-sich-in-der-kc-390/?_gl=1*v33rxs*_ga*UWdyYlp4UlhTWlhRYzFWSy11elVDbDFhM0FHM29DZGFkTFJSc0pGYlBvNDlEOUs1SlpEY09DNlkzYXNlNmc3SA..

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