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    EMBR3   BREMBRACNOR4

EMBRAER S.A.

(EMBR3)
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Delayed Bolsa de Valores de Sao Paulo  -  05/27 04:07:55 pm EDT
12.68 BRL   +1.44%
05/26EMBRAER S A : ITA and FAPESP announce investment in Engineering Research Center to accelerate the future of air mobility
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05/24U.S. FAA wants some airplane altimeters retrofitted by end of 2022
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05/24U.S. FAA wants some airplane altimeters retrofitted by end of 2022
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Embraer and Aernnova Announces Strategic Partnership for Embraer Metálicas and Embraer Compósitos Industrial Units, Located in the Aeronautical Industry Park of Évora, Portugal

01/12/2022 | 07:32am EDT

Embraer and Aernnova announced a strategic partnership for Embraer Metálicas and Embraer Compósitos industrial units, located in the Aeronautical Industry Park of Évora, Portugal. The transaction contemplates the sale of all shares of company's wholly owned subsidiaries to Aernnova for the reference price of USD 172 million, subject to adjustments on the closing date. The agreement aims to increase the production of the centers of excellence, which operation has a strategic importance for the current and future products of Embraer. With 37,100 and 31,800-square meters respectively, and employing around 500 people, these facilities combine the most advanced technologies in both metallic and composite airframe construction with a high level of digitalization and automation of plant production processes. Among other activities both factories produce parts for wings, vertical and horizontal stabilizers for programs such as the Praetor 500 and Praetor 600 business jets, the two generations of the E-Jets family of commercial jets and the multi-mission aircraft KC-390 Millennium. Évora industrial units will constitute Aernnova's production center in the world. Under the terms of the partnership, Aernnova assumes the operation of the industrial plants in Évora at the same time as it signs a supply agreement to secure current production packages for Embraer aircraft. This agreement strengthens the Aernnova's position as a tier 1 supplier for single aisle aircraft and improves its presence in the executive and defense aerospace markets. Évora facilities activity will add around USD 170 million to Aernnova's revenues figure. The industrial capacity at Evora plants will also allow Aernnova to further expand Evora current activities with new contracts either from Embraer or other aircrafts manufacturers.


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All news about EMBRAER S.A.
05/26EMBRAER S A : ITA and FAPESP announce investment in Engineering Research Center to acceler..
PU
05/24U.S. FAA wants some airplane altimeters retrofitted by end of 2022
RE
05/24U.S. FAA wants some airplane altimeters retrofitted by end of 2022
RE
05/21EMBRAER S A : and 4AIR Partner to Offer Complimentary Carbon Offsetting to New Business Je..
PU
05/20EMBRAER S A : installs Ka-Band in Flexjet's Legacy 500 fleet in Europe
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05/17EMBRAER S A : delivers 1500th Ipanema aircraft amid year of record sales
PU
05/12Analysis-Jetmakers' inflation shield no match for soaring costs
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05/10Eve Holding Starts Trading on NYSE After Closing Merger With Embraer Unit
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05/10India among potential partners for Embraer turboprop
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05/10Embraer in India partnership talks on potential new turboprop
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Financials (USD)
Sales 2022 5 008 M - -
Net income 2022 20,7 M - -
Net Debt 2022 1 371 M - -
P/E ratio 2022 -62,4x
Yield 2022 -
Capitalization 1 974 M 1 974 M -
EV / Sales 2022 0,67x
EV / Sales 2023 0,56x
Nbr of Employees 15 427
Free-Float 93,8%
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Mean consensus OUTPERFORM
Number of Analysts 4
Last Close Price 2,69 $
Average target price 5,04 $
Spread / Average Target 87,7%
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Managers and Directors
Francisco Gomes Neto President & Chief Executive Officer
Antonio Carlos Garcia Chief Financial & Investor Relations Officer, EVP
Alexandre Gonçalves da Silva Director
Daniel Moczydlower EVP-Engineering & Technology
Luís Carlos Affonso VP-Engineering, Technology & Corporate Strategy
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