:

Sale of 5 Embraer KC-390s to Portugal Will Total $1 Billion, Embraer Says

Frank Wolfe

Thursday, November 14th, 2019

SHARE:

Sale of 5 Embraer KC-390s to Portugal Will Total $1 Billion, Embraer Says

The KC-390 military transport features this Collins Aerospace Pro Line Fusion avionics suite. The sale of five KC-390s to Portugal is to represent about $1 billion in revenue for Embraer. Photo: Collins Aerospace

The sale of five Embraer KC-390s to Portugal is to bring Embraer about $1 billion in revenue, the company said in a 2019 third quarter earnings call on Nov. 12. "This contract will amount to approximately $1 billion and will be included in our backlog in the fourth quarter," Nelson Salgado, Embraer's vice president of strategy and institutional relations, told financial analysts. "Talking about other defense platforms, we have sold nine [A-29] Super Tucanos to two undisclosed customers, and the…

Navy Looks To Eventually Assemble Battleship At HII Newport News; Faces More Dem Opposition

The Navy told lawmakers this week it found a dry dock at HII’s [HII] Newport News Shipbuilding shipyard it thinks can use for final assembly of the new Trump-class battleship […]

Navy Leaders Downplay Looking At Foreign Navy Shipbuilding Amid Lawmaker Objections

The Navy’s top leaders this week seemed to downplay and back down on the service potentially using foreign shipyards to build U.S. Navy ships or buying foreign designed warships overseas […]

Army

Senate Defense Appropriators See ‘Risk’ With Army’s Reconciliation Plan To Fund Munitions Increase

The Senate’s top defense appropriators cited concern this week with the Army’s request to fund the majority of its large increase to munitions procurement in fiscal year 2027 through the […]

Army

Army Relooking At Its ‘Whole Aviation Transformation’ Plan, Acting Chief Tells Lawmakers

The Army is relooking at its “whole aviation transformation initiative,” the service’s acting chief of staff told lawmakers on Tuesday, to include its approach for future procurement of “enduring” platforms. […]