Embraer In Talks With Austria Related To C-390 At Rio Defense Show: Report

April 13, 2023 9:40 AM | 1 min read |

Embraer SA ERJ might receive a purchase order for four or five KC-390 military cargo aircraft from Austria.
Austria is looking to advance in talks with Embraer at the LAAD defense and security fair on purchasing those aircraft, reported Reuters, citing two sources familiar with the matter.
According to the report, this move is part of the Embraer Defense unit's goal to expand its foreign revenue share this year, focusing on foreign sales of the C-390 Millennium.
"There are talks with several countries," the report quoted Embraer Defense CEO Bosco da Costa Junior. The report further mentioned he did not specify countries but noted it was public that Austria and the Czech Republic had recently participated in a meeting of KC-390 users.
Price Action: ERJ shares are trading higher by 1.04% at $16.56 on the last check Thursday.

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.