To make this website work, we log user data. By using Shephard's online services, you agree to our Privacy Policy, including cookie policy.

×
Open menu Search

Embraer defence business feels COVID-19 pain

2nd June 2020 - 09:00 GMT | by Tim Martin in London

RSS

Despite Brazilian manufacturer Embraer making steady progress on key military programmes including the A-29 Super Tucano light attack and KC-390 tactical transport aircraft, the company’s defence and security business suffered a 17% decrease in Q1 2020 revenues compared to the same period in 2019.

During a quarterly earnings call on 1 June, initially delayed due to COVID-19 issues, senior executives also confirmed the company had resorted to arbitration proceedings against Boeing, following the latter’s decision to cancel a deal to buy Embraer’s commercial jet division.

Financial difficulties resulting from Boeing’s decision and COVID-19 complications primarily led to a net

Already have an account? Log in

Want to keep reading this article?

Read this Article

Get access to this article with a Free Basic Account

  • Original curated content, daily across air, land and naval domains
  • 1 free story per week
  • Personalised news alerts
  • Daily and weekly newsletters
Create account

Unlimited Access

Access to all our premium news as a Premium News 365 Member. Corporate subscriptions available.

  • Original curated content, daily across air, land and naval domains
  • 14-day free trial (cancel at any time)
  • Unlimited access to all published premium news
Start your free trial
Tim Martin

Author

Tim Martin


Tim Martin is Air Editor for Shephard Media, based in Belfast. 

Tim has experience writing …

Read full bio

Share to

Linkedin