Embraer Signs Contract With Austria, The Netherlands For Firm Order For Nine C-390 Millennium Aircraft; Embraer Says Contract Includes Five Aircraft To The Netherlands, Four To Austria; Deliveries Expected To Start In 2027 And Conclude By 2030; Defense Head Says Expects To Produce 12 C-390 Aircraft Per Year By 2030, Up From Four This Year; Supply Chain A Challenge
Portfolio Pulse from Benzinga Newsdesk
Embraer has signed a contract with Austria and the Netherlands for a firm order of nine C-390 Millennium aircraft. The contract includes five aircraft for the Netherlands and four for Austria, with deliveries starting in 2027 and concluding by 2030. Embraer's defense head expects to increase production to 12 C-390 aircraft per year by 2030, up from four this year, despite supply chain challenges.
July 22, 2024 | 2:02 pm
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Embraer has secured a significant contract with Austria and the Netherlands for nine C-390 Millennium aircraft, with deliveries starting in 2027. The company plans to ramp up production to 12 aircraft per year by 2030, despite supply chain challenges.
The contract with Austria and the Netherlands is a significant boost for Embraer's defense segment, ensuring steady revenue from 2027 to 2030. The planned increase in production capacity indicates strong future growth potential, although supply chain challenges could pose risks.
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