South Korea's Defense Acquisition Program Administration Has Announced Embraer's C-390 Millennium As The Winner Of The Large Transport Aircraft II Public Tender To Provide The Republic Of Korea Air Force With New Military Transport Aircraft
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South Korea's Defense Acquisition Program Administration has selected Embraer's C-390 Millennium for its Large Transport Aircraft II public tender. This makes South Korea the first Asian customer for the C-390 Millennium military transport aircraft.
December 04, 2023 | 12:39 pm
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Embraer's C-390 Millennium aircraft has been selected by South Korea for its military transport needs, potentially boosting Embraer's sales and presence in the Asian defense market.
The selection of Embraer's C-390 Millennium by South Korea is a significant milestone for the company, as it represents an expansion into the Asian market and may lead to further sales in the region. This positive news is likely to be well-received by investors and could lead to a short-term increase in Embraer's stock price due to the potential for increased revenue and market share growth.
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