Embraer Secures Deal to Sell A-29 Super Tucano Aircraft to Portugal

Zacks2024-12-18

Embraer S.A. ERJ recently inked a contract with the Portuguese government to sell 12 of its A-29 Super Tucano aircraft. Through this contract, the Portuguese government will acquire a new version of ...

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ERJ recently inked a contract with the Portuguese government to sell 12 of its A-29 Super Tucano aircraft. Through this contract, the Portuguese government will acquire a new version of ...</p>\n\n<a href=\"https://finance.yahoo.com/news/embraer-secures-deal-sell-29-151900569.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1929549753.HKD","symbol_name":"FRANKLIN INCOME \"A\" (HKD) INC","start_time":0,"source_url":"https://finance.yahoo.com/news/embraer-secures-deal-sell-29-151900569.html","article_id":"2492136964","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/ETuDoZCDkSxz2K1V4ZrqGQ--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/82219d5ebe92c9e5908bacd19651c8a5"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492136964","pubTimestamp":1734535140,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Embraer S.A. ERJ recently inked a contract with the Portuguese government to sell 12 of its A-29 Super Tucano aircraft. Through this contract, the Portuguese government will acquire a new version of the A-29 Super Tucano that integrates the unique communications systems of NATO.This advanced aircraft from Embraer will assist Portugal in increasing its defense capabilities.Significance of Embraer’s A-29 Super Tucano Aircraft. Nations are strengthening their military capabilities in response to the expanding threat environment. Military aircraft play an important part in military operations, boosting demand for military aircraft. This is likely to have led the Mordor Intelligence firm to predict that the military aviation market will witness a CAGR of 5.2% during the 2024-2030 period.Such projections indicate significant growth opportunities for leading combat jet manufacturers like Embraer, whose aircraft, such as the P600 AEW&C and C-390 Millennium, are deployed in various high-profile","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1929549753.HKD":"FRANKLIN INCOME \"A\" (HKD) INC","ERJ":"巴西航空工业","BK4588":"碎股","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","BK4551":"寇图资本持仓","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","LMT":"洛克希德马丁","NOC":"诺斯罗普格鲁曼","BA":"波音","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","LU0823046494.USD":"AMUNDI FUNDS LATIN AMERICA EQUITY \"A2\" (USD) ACC","BK4516":"特朗普概念","LU0823046577.USD":"AMUNDI FUNDS LATIN AMERICA EQUITY \"A2\" (USD) INC","BK4564":"太空概念","BK4532":"文艺复兴科技持仓","BK4187":"航天航空与国防","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","BK4585":"ETF&股票定投概念","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC"},"translate_title":"巴西航空工业公司达成向葡萄牙出售A-29超级巨嘴鸟飞机的交易","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NOC":1,"ERJ":1,"LMT":1,"BA":0.9},"content_text":"Embraer S.A. ERJ recently inked a contract with the Portuguese government to sell 12 of its A-29 Super Tucano aircraft. Through this contract, the Portuguese government will acquire a new version of the A-29 Super Tucano that integrates the unique communications systems of NATO.This advanced aircraft from Embraer will assist Portugal in increasing its defense capabilities.\nSignificance of Embraer’s A-29 Super Tucano Aircraft \nThe A-29 Super Tucano is a high-precision attack aircraft that provides excellent weapon matching and target recognition accuracy. It is also the only aircraft in its class with an internal machine gun that can release pylons for use with other armaments and has more than 160 configuration options. It is extensively utilized for border monitoring, reconnaissance and advanced training.Embraer’s A-29 Super Tucano is recognized globally for its multi-mission capabilities, combining cost-effectiveness, advanced technology and reliable performance. The aircraft has a simple maintenance concept and can operate in harsh conditions, making it the ideal choice for nations looking to enhance their air defense capabilities. To date, the company has received more than 260 orders for this aircraft.Due to such remarkable features, Embraer must have been witnessing a steady inflow of orders for this jet model. The recent order placed by the Portuguese government is a bright example.\nERJ’s Growth Prospects \nNations are strengthening their military capabilities in response to the expanding threat environment. Military aircraft play an important part in military operations, boosting demand for military aircraft. This is likely to have led the Mordor Intelligence firm to predict that the military aviation market will witness a CAGR of 5.2% during the 2024-2030 period.Such projections indicate significant growth opportunities for leading combat jet manufacturers like Embraer, whose aircraft, such as the P600 AEW&C and C-390 Millennium, are deployed in various high-profile military operations.\nOpportunities for Other Aerospace Defense Companies \nOther aerospace defense companies that are likely to reap the benefits of the military aviation market are as follows:Northrop Grumman Corp. NOC: It is a leading provider of manned and unmanned air systems. It builds some of the world’s most advanced aircraft like the E-2C Hawkeye 2000, A-10 Thunderbolt II, F-5 Tiger Fighter Jet and many more.Northrop has a long-term (three to five years) earnings growth rate of 19.1%. The Zacks Consensus Estimate for NOC’s 2024 sales calls for an improvement of 5.3% from the prior-year reported figure.The Boeing Company BA: The company offers a comprehensive portfolio of the most advanced aircraft in the combat market, which includes F/A-18 Super Hornet, P-8, C-17 Globemaster III, CH-47 Chinook, Chinook Block II, KC-46A Pegasus Tanker and a few more.Boeing boasts a long-term earnings growth rate of 19.3%. The Zacks Consensus Estimate for BA’s 2025 sales suggests an improvement of 23.5% from the 2024 estimated figure.Lockheed Martin Corp. LMT: The company is among the leaders in the combat aircraft space, with its product portfolio constituting some of the most advanced military aircraft like the F-35 Lightning II, C-130 J Super Hercules, F-16 Fighting Falcon and a few more.Lockheed boasts a long-term earnings growth rate of 4.6%. The Zacks Consensus Estimate for LMT’s 2024 sales implies an improvement of 5.5% from the prior-year reported figure.\nERJ Stock Price Movement \nIn the past six months, shares of Embraer have risen 36.7% against the industry’s decline of 2.2%.\nImage Source: Zacks Investment Research\nERJ’s Zacks Rank \nEmbraer currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nThe Boeing Company (BA) : Free Stock Analysis Report\nLockheed Martin Corporation (LMT) : Free Stock Analysis Report\nNorthrop Grumman Corporation (NOC) : Free Stock Analysis Report\nEmbraer-Empresa Brasileira de Aeronautica (ERJ) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492136964"}