UK and Embraer 89 million pounds deal

The agreement allows exports of space technology from the United Kingdom to Brazil; JP Morgan Bank is responsible

Government UK It announced this Monday (24.Oct.2022) that it had completed a deal worth £89 million (R$532 million at current prices). Embraer. The agreement allows exports of aerospace technology from the UK to Brazil.

“This agreement will enable Embraer to access critical parts, components and technology from UK suppliers that will enhance its commercial and defense aircraft programs”, the British government said in a statement. Here it is Just like that (113 KB, in English).

The partnership was carried out by the bank JP Morgan. According to the British government, this initiative strengthens the ties between the countries ““Encouraging future collaboration between UK suppliers and Brazilian manufacturers in the aerospace sector”.

In the statement, Embraer’s CFO, Antonio Carlos Garcia, said the deal shows “victory” Brazilian company’s strategy to diversify its suppliers and financial partners.

“We are always looking for actions to improve our credit profile and this activity is another step in that direction”he said.