Thyssenkrupp, Embraer sign US$2bn deal to build four frigates for Brazil Navy

BRAZIL – A consortium formed by Germany’s Thyssenkrupp AG and Brazilian planemaker Embraer SA signed a deal to deliver four frigates to Brazil’s navy between 2025 and 2028. Reuters reported that the contract signed in Rio de Janeiro is part of Brazil’s drive to modernize its navy so it can patrol offshore resources in the Atlantic, such as Brazil’s vast pre-salt oil reserves. Although the companies did not disclose the price tag, the Brazilian navy website said the four-ship program will cost about US$2 billion. Last year, the companies had…

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Brazil gives greenlight to Boeing, Embrear strategic partnership deal

BRAZIL – Boeing and Embraer have secured unconditional approval from the Administrative Council for Economic Defense’s (CADE) General-Superintendence (SG) in Brazil for their strategic partnership. Under this partnership, the two companies have planned to embark on two joint ventures, namely Boeing Embraer-Defense and Boeing Brasil-Commercial. The Boeing Embraer-Defense joint venture will focus on developing new markets for the C-390 Millennium multi-mission airlift and air mobility aircraft. Embraer will own 51% controlling stake in  the JV with US aircraft manufacturer will be the custodian of  the remaining 49%. The Boeing Brasil–Commercial…

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Bombardier intensifies competition with Embraer with launch of revamped small business jet

UNITED STATES – Canadian based aircraft manufacturer, Bombardier has in October this year unveiled its revamped Liberty Learjet 75 corporate plane. The manufacturer bets on the plane’s extra legroom and a lower price tag to help it beat back competition from Embraer SA’s market leading model. The two aircraft manufacturers, Bombardier and Embraer are both turning to their corporate jet divisions for growth after shedding control of their commercial aviation programs. During the unveiling of plane, Mischa Loeffler, manager for product planning at Bombardier Aviation said that the revamped plane…

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