Helicopters for military and commercial market in Latin America

Embraer (BOV:EMBR3) in new JV with AgustaWestland

Embraer (BOV:EMBR3) has announced that it has signed a memorandum of understanding with AgustaWestland, which is controlled by the Italian company Finmeccanica, to form a joint venture here in Brazil. Everything indicates that it will be for the production of AgustaWestland helicopters for military and commercial market in Latin America.

Preliminary studies were carried out already by the two companies which showed there is a good potential market for two-engine helicopters (medium capacity).

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