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Brazil to negotiate sale of Embraer C-390 aircraft to Sweden

Published 09/26/2023, 01:32 PM
Updated 09/26/2023, 01:44 PM
© Reuters. FILE PHOTO: Signage for Embraer is seen on a trade pavilion at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022.  REUTERS/Peter Cziborra/File Photo

RIO DE JANEIRO (Reuters) - Brazilian Defense Minister Jose Mucio said on Tuesday he will travel to Sweden next month to negotiate a potential sale of Embraer's C-390 Millennium military cargo aircraft to the country.

Mucio told reporters in Rio de Janeiro that Brazil was eyeing the sale of three or four C-390 aircraft to Sweden, and that the Nordic nation wants to sell more Saab Gripen fighter jets to Brazil.

The move comes after Austria this month selected Brazilian planemaker Embraer's C-390 to replace its fleet of Lockheed Martin (NYSE:LMT) Hercules C-130s.

Brazil, Portugal and Hungary have previously ordered C-390s, also known as the KC-390. The Netherlands has also announced it intends to buy the freighter.

In April, Embraer and Sweden's Saab signed a memorandum of understanding to deepen their collaboration, including working to position the C-390 as "the preferred solution to meet the Swedish Air Force tactical air transport requirements."

The companies have a joint production line for Gripen fighter jets in Brazil, where 15 of the South American country's current 36-aircraft order will be produced.

Expanding its presence abroad with more sales of the C-390 is a key goal of Embraer's defense unit.

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