Embraer, Boeing to collaborate on sales, support of KC-390 medium airlift

Embraer (NYSE: ERJ) (BOVESPA: EMBR3) and Boeing (NYSE: BA) have signed an agreement to market and support the KC-390, a multi-mission mobility and aerial refueling aircraft, the companies said.

Under the agreement the companies will jointly pursue new business opportunities, both for the aircraft itself and for aircraft support and sustainment. Embraer will provide the aircraft while Boeing will be responsible for in-service support.

The agreement expands an existing collaboration between the two companies; in 2012, the two companies first announced their intention to market the aircraft together.

The Embraer KC-390 is a tactical transport aircraft that can perform a variety of missions such as cargo and troop transport, troop and cargo air delivery, aerial refueling, search and rescue and forest fire fighting. It is a project of the Brazilian Air Force (FAB) that, in 2009, hired Embraer to perform the aircraft development. The first prototype has performed its first flight in February 2015 and two prototypes are currently in flight test campaign, averaging two flights a day and proving aircraft readiness. The aircraft is currently on an eight-nation tour, and expects to receive certification by the end of 2017. Deliveries are expected to begin during the first half of 2018.

Embraer Defense and Security is a company in the aerospace and defense industry of Latin America, offering integrated solutions such as C4I (command, control, communication, computers and intelligence Center) applications, technologies in the production of radars, advanced information and communication systems, integrated systems for border monitoring and surveillance, as well as military and government transportation aircraft.

Boeing Defense, Space and Security is a manufacturer of military aircraft. Headquartered in St. Louis, the company is a USD30 billion business.