Embraer expects India to move ahead with military cargo jet tender in coming months

Lockheed Martin Corporation

Lockheed Martin Corporation

LMT

0.00

By Gabriel Araujo

RIO DE JANEIRO, June 7 (Reuters) - Brazilian planemaker Embraer EMBJ3.SA expects India to move ahead in the coming months with a military transport aircraft tender in which its C-390 Millennium is a key contender, Chief Executive Francisco Gomes Neto told Reuters.

  • India is set to issue a request for proposal (RFP) covering between 60 and 80 aircraft, Gomes Neto said on the sidelines of a global meeting of airline executives in Rio de Janeiro on Saturday.

  • "The information we have is that the RFP should come in the next few months," he said.

  • "And what we hear in the Indian market is that they want to make a decision by the end of 2027, which would be a very interesting time frame," he added.

  • Embraer has been seeking to boost global sales of the C-390, and sees India as a strategic market.

  • The aircraft is a major competitor to Lockheed Martin's LMT.N C-130 Hercules.

  • Embraer has partnered with India's Mahindra MAHM.NS on the C-390.


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.