Embraer and Boeing team to market, sell KC-390 medium-airlift aircraft

PARIS, 18 June 2013. Embraer (NYSE:ERJ) and Boeing (NYSE:BA) are partnering on the sales and marketing of Embraer's KC-390 multi-mission mobility and aerial refueling aircraft in the medium-sized airlift market.

Under the agreement, Boeing is the lead for KC-390 sales, sustainment, and training opportunities in the U.S., U.K., and select Middle East markets. Embraer will manufacture the aircraft and collaborate on sales, sustainment, and training.

"The KC-390 is an extremely capable aircraft that continues to attract interest by several nations, and Boeing's military transport expertise is ideal for teaming in the international market," says Luiz Carlos Aguiar, president and CEO of Embraer Defesa & Segurança. "This agreement strengthens the level of cooperation between both companies and the defense industries of Brazil and the United States."

The KC-390 originated as a defense project contracted by the Brazilian Air Force in 2009 and is the largest aircraft to be manufactured in Brazil. Initial estimates of the potential market for KC-390 are approximately 700 aircraft, but that number may increase after additional markets are analyzed. The project has completed the Critical Design Review and is on schedule.

"Our relationship with Embraer continues to grow across Boeing and demonstrates our commitment to Brazil," Boeing Defense, Space & Security Business Development and Strategy Vice President Chris Raymond said at the Paris Air Show. "KC-390 complements our mobility portfolio by providing a versatile, affordable aircraft."