logo
Share SHARE
FONT-SIZE Plus   Neg

Embraer, Sierra Nevada Win $427 Mln Afghan Fighter Contract

U.S.-based Sierra Nevada Corp. and Brazil's Embraer-Empresa Brasileira De Aeronautica SA (ERJ: Quote) have won a $427 million contract to provide light air support aircraft and associated maintenance and training for the Afghan air force, Pentagon Press Secretary George Little said Wednesday.

Deputy Defense Secretary Ashton Carter called Brazilian Minister of Defense Celso Amorim to inform about the decision made by the United States Air Force.

Sierra Nevada Corp. is based in Sparks, Nevada, while Embraer SA is its Brazilian subcontractor.

As per the contract, 20 aircraft are scheduled to be delivered to operational air bases in Afghanistan beginning in the summer of 2014 to conduct advanced flight training, surveillance, close air support and air interdiction missions.

Little said this platform ''is critical to providing enabling support to the Afghan National Security Forces as part of United States enduring support to Afghanistan following the completion of the ISAF mission at the end of 2014.''

ERJ closed up 3.6 percent at $33.90 on Wednesday.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Internet giant Google Inc. (GOOGL, GOOG) has launched a new online flight search tool that makes it easy to find out the best flight deal. The tool dubbed "Google Flights" provides a calendar that one can scroll through and see the lowest fare highlighted for each day. One can also use the lowest... Hyperloop Transportation Technologies, a start-up that has adopted Elon Musk's ambitious project of high-speed transportation system, plans to build a Hyperloop test track in California and completed as early as 2016. Hyperloop Test Technologies, a crowd-funded company, plans to take Musk's dream... Colors have set the social media afire after an otherwise innocuous photo of a bodycon dress kept users guessing as to what hues permeate it. Opinions are divided, with some seeing the dress as white and gold, and others as blue and black. The photo was posted on Tumblr by a user called Swiked.
comments powered by Disqus
Follow RTT