Brazil’s Aerospace company Embraer announced the creation of Embraer Defense and Security, a subsidiary focusing on defense and security markets worldwide.
“Brazil has a growing relevant role on the global geopolitical scenario and has established a long-term vision for strengthening its defense industry,” said Frederico Fleury Curado, Embraer President & CEO. “Embraer, with its technological-industrial capabilities and 40 years of experience in defense programs, both in Brazil and abroad, is fully committed to support the Brazilian Government in ensuring the advanced technological base the Country needs.”
Luiz Carlos Aguiar will be the President of Embraer Defense and Security. He currently serves as Embraer’s CFO. According to Aguiar, the new company is expected to generate a turnover of R$ 1.5 billion (US$872 million) in 2011. The new focus will further expand its activities over the coming years, both from domestic and export sales. “We will expand and improve our capabilities through this new corporate configuration,” Luiz Carlos Aguiar stated.
Embraer currently operates with more than 30 defense forces worldwide, supporting trainers, special mission aircraft and light transport planes with larget military transports coming along soon (KC-390). In recent years, Embraer has also expanded its activities in the defense sector beyond aircraft and airborne systems, offering integrated solutions for training, Communication, Computer, Command, Control and Intelligence (C4I).
