Brazil's Embraer, BAE Systems Agree on Defense Partnership

Brazilian planemaker Embraer SA on Tuesday announced a partnership with BAE Systems PLC to expand its footprint in the global defense market, including a joint venture to develop a defense variant of an electric aircraft, Reuters reported. Embraer, at the Farnborough Airshow in the U.K., said that it has signed two memorandums of understanding with BAE Systems to go forward with projects involving its C-390 series and the electrical vertical take-off and landing (eVTOL) vehicle to be produced by Eve Holding Inc. According to a statement, the first memorandum established a partnership between BAE Systems and Embraer to collaborate in Middle Eastern markets for the C-390, with an initial focus on Saudi Arabia. The second confirms an intent to create a joint venture to develop a defense variant of Eve's electric aircraft, with Eve being the platform provider. "BAE Systems and Embraer will continue working together to explore how the aircraft, designed for the urban mobility market, can provide cost-effective, sustainable, and adaptable capability as a defense variant," said Embraer Defense & Security Chief Executive Jackson Schneider. Read more.