Brazilian planemaker Embraer announced on Monday that it has formalized a deal to sell four military cargo planes to Sweden. These aircraft are intended to replace the European nation's aging fleet.
This agreement is part of a joint procurement program with other countries in the region, underscoring the collaborative approach to defense acquisitions in Europe. The C-390 Millennium is recognized for its multi-mission capabilities.
The formalization of this contract contributes significantly to Embraer's defense segment backlog and revenue. It further solidifies the C-390's position as a preferred choice for military transport aircraft among NATO and partner nations.
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