Embraer’s defense and security division had a better result in the 3rd quarter compared to the same period in 2022, with revenue 40% higher. Even so, it is the segment with the lowest participation in the company in relation to the backlog, with 12.4%.
The outlook is expected to change soon as the company manages to sign three agreements for the C-390 Millennium tactical transport jet with the Netherlands, Austria and the Czech Republic.
European countries, two of which are members of NATO, announced the selection of the Brazilian aircraft, however, they have not yet signed contracts with Embraer.
Asked by Air Data News to provide a forecast of when the agreements will actually be signed, Francisco Gomes Neto, the company’s CEO, stated that he expects this to occur in the first half of next year.
“We are unable to provide an exact date, but our expectation is to sign a contract in the 1st half of 2024,” said Gomes Neto, during a press conference on the financial results for the 3rd quarter.
The Czech Air Force is the most recent customer of the C-390 Millennium, having revealed the choice of the Brazilian plane in October and of which it plans to have two aircraft.
Austria, in turn, announced its intention to order four C-390 Millenniums in September, but details of the future agreement are still scarce.
It is said in the country’s media that the acquisition will be made in conjunction with the Netherlands, which in June 2022 announced the purchase of five Embraer airlifters.
Almost 18 months later, the Dutch government, however, has not yet put ink on the contract with the Brazilian company.
In April, the CEO of Embraer Defense and Security, Bosco da Costa Junior, said that “the Dutch search process is quite robust and has several stages. We are in the negotiation phase with the Dutch state and the expectation is that it will be concluded by the end of this year, always respecting the Dutch process”.