:

Sale of 5 Embraer KC-390s to Portugal Will Total $1 Billion, Embraer Says

Frank Wolfe

Thursday, November 14th, 2019

SHARE:

Sale of 5 Embraer KC-390s to Portugal Will Total $1 Billion, Embraer Says

The KC-390 military transport features this Collins Aerospace Pro Line Fusion avionics suite. The sale of five KC-390s to Portugal is to represent about $1 billion in revenue for Embraer. Photo: Collins Aerospace

The sale of five Embraer KC-390s to Portugal is to bring Embraer about $1 billion in revenue, the company said in a 2019 third quarter earnings call on Nov. 12. "This contract will amount to approximately $1 billion and will be included in our backlog in the fourth quarter," Nelson Salgado, Embraer's vice president of strategy and institutional relations, told financial analysts. "Talking about other defense platforms, we have sold nine [A-29] Super Tucanos to two undisclosed customers, and the…

Congress

CENTCOM Looking To Lessons Learned From Use Of LUCAS Drones

U.S Central Command (CENTCOM) is looking to lessons learned from its use of Low-cost Unmanned Combat Attack System (LUCAS) drones by Phoenix-based SpektreWorks, according to CENTCOM head Adm. Brad Cooper. […]

Army

Hegseth Says DoD Open To Reviewing Army’s Planned Cuts To Legacy Helicopter Procurement

Defense Secretary Pete Hegseth has told lawmakers the Pentagon is open to reviewing the Army’s planned procurement cuts to its legacy manned aviation fleet. Rep. Rosa DeLauro (D-Conn.), ranking member […]

Congress

Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage

The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]

Congress

Appropriators Offer Skepticism On $350B Defense Reconciliation Plan, ‘Big Risk’ For Key Initiatives

Senate and House Appropriators told Pentagon leadership on Tuesday they’re skeptical of the department’s plan to fund $350 billion of the fiscal year 2027 defense budget through the reconciliation process, […]