Categories: Stocks / ETFs

Sweden picks Embraer’s C-390 as new military cargo aircraft By Reuters

RIO DE JANEIRO (Reuters) – Sweden has selected Embraer’s C-390 Millennium as the country’s new military cargo aircraft, the Brazilian planemaker said on Saturday. The deal marks the first purchase of the C-390 by a country in northern Europe, Embraer said in a statement. Expanding its presence abroad with more sales of the C-390 has been a key goal of Embraer’s defense unit. Sweden is the sixth European nation to choose the aircraft, along with Austria, Czech Republic, Hungary, the Netherlands and Portugal. “This decision represents a new chapter in Brazil-Sweden relations,” Embraer said. Brazil in the past had purchased Gripen fighter jets from Sweden’s SAAB.



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