Embraer Inks MoU With multiSIM To Develop Training Solutions

Embraer SA ERJ and multiSIM, a Netherlands-based startup company, have signed a Memorandum of Understanding (MoU) to discuss a potential partnership for defense and dual-use training solutions. The financial terms were not disclosed.
multiSIM develops simulators for collaborative crew training based on a highly scalable software framework.
The potential agreement may include joint research, technology development, and innovation for Embraer products and programs.
In October, Embraer signed an MoU with Fokker Services and Fokker Techniek to explore opportunities for various activities in the Defense, Commercial, and Support markets.
Price Action: ERJ shares are trading lower by 5.66% at $16.07 on the last check Friday.