Embraer Signs MoUs for Cooperation with the Aerospace Industry in South Korea

Seoul, South Korea, October 27, 2022 – Embraer announced today that it has signed several Memorandums of Understanding (MoUs) with the aerospace companies ASTG (Aerospace Technology of Global), EMK (EM Korea Co.) and Kencoa Aerospace, from South Korea with the objective of strengthening collaboration with Korean defense industry partners for the future supply of parts for the C-390 Millennium aircraft.

The C-390 Millennium aircraft is competing in the Large Transport Aircraft (LTA) II Program being run by the Defense Acquisition Program Administration (DAPA).

The potential supply of South Korean manufactured parts will contribute to the offset requirements of the LTA II Program. The MoUs intend to create long-term business relationships between the parties which will endure for the LTA II Program and beyond. Local industry capabilities can also be part of future developments within Embraer’s existing platforms such as the C-390 Millennium as well as new aircraft, vehicles, and systems.

“Embraer is very confident on the mutual benefits to be gained from this collaboration, thus creating a sustainable and growing relationship between Embraer and the partners in South Korea”, said Jackson Schneider, President & CEO, Embraer Defense & Security. “By offering more than 50 years of experience in aviation, technology and innovation, Embraer is looking to establish meaningful partnerships in South Korea to create new businesses and solutions.”

The C-390 Millennium and its aerial refueling configuration, the KC-390, are the new generation of multi-mission military transport delivering unrivaled mobility and cargo capacity, rapid re-configuration, high availability, enhanced comfort, as well as optimal management of reduced operational costs throughout its lifecycle, all on a single platform.

Since the first delivery to the Brazilian Air Force (FAB), the KC-390 Millennium has proven its capability, reliability, and performance. FAB's current fleet of KC-390 stands at five units. The fleet has already exceeded 7,000 flight hours in operation, with a 99% mission completion rate, demonstrating excellent availability and productivity in its category.

In June 2022, the Netherlands Ministry of Defense announced the selection of the C-390 Millennium to replace the current fleet of C-130 Hercules. The Portuguese Armed Forces and the Hungarian Defense Forces will begin operations with the KC-390 in 2023 and 2024, respectively. The three European countries' fleets will be capable of performing aerial refueling and be fully NATO compatible.

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About Embraer

A global aerospace company headquartered in Brazil, Embraer has businesses in Commercial and Executive aviation, Defense & Security and Agricultural Aviation. The company designs, develops, manufactures and markets aircraft and systems, providing after-sales service and support to customers.

Since its founding in 1969, Embraer has delivered more than 8,000 aircraft. On average, every 10 seconds an aircraft manufactured by Embraer takes off somewhere in the world, carrying more than 145 million passengers a year.

Embraer is the main manufacturer of commercial jets with up to 150 seats and the main exporter of high value-added goods in Brazil. The company maintains industrial units, offices, service centers and parts distribution, among other activities, in the Americas, Africa, Asia and Europe.

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