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An announcement from Embraer SA ( (ERJ) ) is now available.
Embraer has announced a contract for the sale of four A-29 Super Tucano light attack and advanced trainer aircraft to an undisclosed customer in Africa, marking the sixth operator of the aircraft on the continent. This sale underscores the aircraft’s versatility and reliability in various missions such as border surveillance and close air support, reinforcing Embraer’s strong position in the defense sector with over 290 orders globally, enhancing operational flexibility for air forces worldwide.
More about Embraer SA
Embraer is a global aerospace company based in Brazil, operating in Commercial and Executive Aviation, Defense and Security, and Agricultural Aviation. They design, develop, manufacture, and market aircraft and systems, offering comprehensive after-sales services. Since its inception in 1969, Embraer has delivered over 9,000 aircraft and is a leading manufacturer of commercial jets with up to 150 seats, also being Brazil’s top exporter of high-value-added goods.
YTD Price Performance: 97.29%
Average Trading Volume: 1,141,180
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $6.68B
Find detailed analytics on ERJ stock on TipRanks’ Stock Analysis page.
