Seoul, South Korea, October 16, 2023 – Embraer SA (NYSE: ERJ) Defense & Security products and solutions, with one of the most comprehensive portfolios and innovative solutions for the defense and security markets, will be presenting at ADEX 2023 in Seoul, South Korea. Embraer’s solutions are present in more than 60 countries, include the C-390 Millennium multi-mission transport aircraft and the A-29 Super Tucano light attack and training aircraft, in addition to broader solutions for air, land, sea, and space domains.
Last year, Embraer signed several Memorandum of Understanding with Korean aerospace companies AeroSpace Technology of Korea (KOSDAQ: 067390), EMKorea Co Ltd (KOSDAQ: 095190), and Kencoa Aerospace Corp (KOSDAQ: 274090) with the objective of strengthening collaboration with Korean defense industry partners for the future supply of parts for the Embraer C-390 Millennium aircraft.
The C-390 Millennium is currently under operation with the Brazilian Air Force (FAB), where the existing fleet is presenting operational availability of 80% and mission accomplishment rates in excess of 99%, demonstrating exceptional productivity for this aircraft segment. Besides Brazil, Portugal, Hungary, the Netherlands and most recently Austria have selected the C-390 to modernize their military transport aircraft fleets.
The Austrian Ministry of Defense announced today the decision to select the Embraer (NYSE: ERJ) C-390 Millennium aircraft as its new tactical transport solution. Embraer is honored to be chosen to support this important Air Force in Europe.
Austria joins Brazil, Portugal, Hungary and the Netherlands as future operator of the C-390 Millennium multi-mission platform, an aircraft that is rapidly redefining the standards of tactical transport in the world defense market.
Embraer is ready to support the Austrian Ministry of Defense and Air Force in order to meet the demanding requirements of their acquisition process and prepared to further strengthen the relationship with this nation.
Embraer (NYSE: ERJ) delivered 71 jets in the fourth quarter of 2020, of which 28 were commercial aircraft and 43 were executive jets (23 light and 20 large), which represents a decrease of 10 aircraft in the quarter in comparison with 4Q19.The Company delivered a total of 130 jets in 2020, comprised of 44 commercial aircraft and 86 executive jets (56 light and 30 large), which represents a decrease of almost 35% compared to 2019, when 198 jets were delivered.
Although deliveries accelerated during the fourth quarter of 2020 relative to the three previous quarters, they were heavily impacted, mostly in commercial aviation, due to COVID-19 pandemic. As of December 31, the firm order backlog totaled USD 14.4 billion.
During 4Q20, Embraer Executive Jets delivered the first of the Praetor 600 fleet to Flexjet, the Praetor fleet launch customer. The business unit also announced a collaboration with Porsche to create Duet, a limited-edition Embraer Phenom 300E aircraft and Porsche 911 TurboS car pairing.
In commercial aviation, the Belarusian national air carrier Belavia took delivery of its first E195-E2 jet. Congo Airways placed a firm order for two E195-E2 jets, in addition to their existing two aircraft order for the smaller E190-E2. This new firm order was included in Embraer’s 2020 fourth quarter backlog.
Embraer Defense & Security delivered the fourth C-390 Millennium multi-mission medium airlifter to the Brazilian Air Force (FAB) in the fourth quarter. All 28 units of the aircraft ordered by FAB are equipped to perform aerial refueling missions, with the designation KC-390 Millennium. Embraer also delivered the first two modernized EMB 145 AEW&C (Airborne Early Warning and Control) aircraft, designated E-99, to FAB. Three additional E-99 aircraft will be modernized as part of the contract.
Embraer announced the completion and delivery of the first European conversion of a Legacy 450 to a Praetor 500 for an undisclosed customer. The conversion was performed at the Embraer Executive Jets Service Center at Le Bourget International Airport, in Paris, France.
Embraer delivered the fourth C-390 Millennium multi-mission medium airlifter of a total of 28 units to the Brazilian Air Force (FAB). Like the three units already in operation, the fourth airlifter will be operated by the First Troop Transport Group (1st GTT). All 28 aircraft ordered by FAB are equipped to perform aerial refueling missions, with the designation KC-390 Millennium.
“It is with great satisfaction that we are receiving another KC-390 Millennium aircraft, which is being incorporated into our fleet. Soon, it will be operational in the most diverse missions, in different regions of Brazil and even abroad, similar to our first three aircraft. This platform has already demonstrated great capacity, mainly in the transport of supplies and materials during Operation COVID-19,” said the Brazilian Air Force Commander, Lieutenant-Brigadier Antonio Carlos Moretti Bermudez.
“We are very pleased with the delivery of the fourth C-390 Millennium to the Brazilian Air Force, as the airlifter has played an extremely important role in a series of humanitarian missions within the Brazilian territory and even abroad,” said Jackson Schneider, President and CEO of Embraer Defense & Security. “The C-390 is establishing itself as the tactical transport aircraft of this century, opening new markets, which is immensely important for Embraer’s strategy in the coming years.”
Since the beginning of the COVID-19 outbreak, FAB has operated the KC-390 Millennium aircraft in logistical aerial transport missions, carrying tons of essential supplies to fight the pandemic in Brazil. Additionally, FAB operated one of the airlifters in a humanitarian mission to the Republic of Lebanon, in support of the population of Beirut, in August of this year.
On November 17, the Hungarian government signed a contract with Embraer for the acquisition of two C-390 Millennium multi-mission transport aircraft, in its air-to-air refueling (AAR) configuration, designated KC-390. The acquisition is part of the process to strengthen the capabilities of the Hungarian Defense Forces especially in the tactical airlift, AAR, and medical evacuation roles, as well as in other missions of public interest. Deliveries are scheduled to start in 2023.
The aircraft will be the first in the world featuring an Intensive Care Unit configuration, an essential feature for performing humanitarian missions. The aircraft are also designed to refuel the Hungarian JAS 39 Gripen, as well as other aircraft using the same technology. These KC-390 will be fully NATO compatible, not only in terms of hardware, but also in terms of avionics and communications configuration.
At the end of October, teams from the Portuguese Armed Forces (FAP) and Embraer concluded the “Critical Design Review – CDR” for the KC-390 Millennium ordered by Portugal. This step has defined the aircraft technical requirements according to FAP demands, enabling Embraer to configure the aircraft. The Portuguese Government and Embraer signed a contract for the acquisition of five multi-mission airlifters that will support the operations of the Portuguese Armed Forces and increase readiness in missions of national interest. Deliveries are scheduled to begin in 2023.
A joint project between FAB and Embraer, the C-390 Millennium is a tactical transport aircraft designed to set new standards in its category. Some of the aircraft’s strengths are mobility, robust design, greater flexibility, proven state-of-the-art technology, and easier maintenance.
The C-390 Millennium and the designation KC-390 Millennium fly faster and carry more cargo than other military freighters of the same size and are the ideal platforms for the main usage scenarios. The aircraft require fewer on-demand inspections and maintenance, combined with highly reliable systems and components, which reduces the time on the ground and overall operating costs, contributing to excellent availability levels and low life-cycle costs.
In October 2019, the aircraft received the Grand Laureate Award, in the category of Defense, and the Laureate Award, in the category “Best New Defense Product,” from Aviation Week magazine.
Embraer (NYSE: ERJ) delivered a total of 17 jets in the second quarter of 2020, of which four were commercial aircraft and 13 were executive jets (nine light and four large). As of June 30, the firm order backlog totaled USD 15.4 billion. See details below:
In the second quarter of 2020, Embraer delivered fewer commercial and executive jets than in previous years in the second quarter, largely due to the Covid-19 pandemic that is affecting the world.
In the commercial aviation segment, Embraer delivered the 1,600th E-Jet, which was received by Helvetic Airways. In addition to receiving the commemorative aircraft, the Swiss airline also announced an upgrade of its firm order with Embraer, converting four of its E190-E2s in backlog to E195-E2s, the largest aircraft in the EJets-E2 family. Helvetic`s order is now for a total of eight E190-E2s, four E195-E2s, and with purchase rights for a further twelve EJets-E2.
Also, Congo Airways converted its firm order made in December 2019 for two E175 aircraft, with purchase rights for two more, into a firm order for two E190-E2 jets, with purchase rights for a further two aircraft.
In the Defense & Security segment, Embraer delivered the third C-390 Millennium multimission medium airlifter to the Brazilian Air Force (FAB). Similar to the first two units delivered in 2019 and the additional 25 which will be delivered to the FAB, this third unit is prepared to perform aerial refueling missions, with the KC-390 Millennium designation.
In the Executive Jets segment, Embraer announced the first delivery of its new, enhanced Phenom 300E to Texas law firm Dunham & Jones, Attorneys at Law, P.C.
Boeing (NYSE: BA) announced today that it has terminated its Master Transaction Agreement (MTA) with Embraer, under which the two companies sought to establish a new level of strategic partnership. The parties had planned to create a joint venture comprising Embraer’s commercial aviation business and a second joint venture to develop new markets for the C-390 Millennium medium airlift and air mobility aircraft.
Under the MTA, April 24, 2020, was the initial termination date, subject to extension by either party if certain conditions were met. Boeing exercised its rights to terminate after Embraer did not satisfy the necessary conditions.
“Boeing has worked diligently over more than two years to finalize its transaction with Embraer. Over the past several months, we had productive but ultimately unsuccessful negotiations about unsatisfied MTA conditions. We all aimed to resolve those by the initial termination date, but it didn’t happen,” said Marc Allen, president of Embraer Partnership & Group Operations. “It is deeply disappointing. But we have reached a point where continued negotiation within the framework of the MTA is not going to resolve the outstanding issues.”
The planned partnership between Boeing and Embraer had received unconditional approval from all necessary regulatory authorities, with the exception of the European Commission.
Boeing and Embraer will maintain their existing Master Teaming Agreement, originally signed in 2012 and expanded in 2016, to jointly market and support the C-390 Millennium military aircraft.
