Embraer to invest some $3.5 billion in Brazil by 2030 (updated)

Eve Holding

12/02/2025 20:01

(Recasts with detail on the announcement, CEO quote, press
release)
       BRASILIA, Feb 12 (Reuters) - 
    Brazilian planemaker Embraer  EMBR3.SA  plans to invest 20
billion reais ($3.47 billion) in the country by 2030, Chief
Executive Francisco Gomes Neto said on Wednesday. 
  
        "This amount will be used toward an increase in aircraft
production and the development of new products," he said at an
event in capital Brasilia alongside Brazilian President Luiz
Inacio Lula da Silva. 
  
        Those new products include Embraer's so-called "flying
taxi" 
    electric vertical take-off and landing
    (eVTOL) aircraft, under development by subsidiary Eve
 EVEX.N , Gomes Neto said.
  
        The CEO said he felt "quite optimistic about the future"
for Embraer's operations in several segments, including
commercial and executive aviation as well as defense and
security.
  
        In a press release issued later in the day, Embraer said
that the investment forecast is similar to the firm's spending
in recent years and is in line with its growth plan for the next
five years.
  

    ($1 = 5.7592 reais)
  

 (Reporting by Lisandra Paraguassu; Writing by Isabel Teles;
Editing by Kylie Madry)
 ((Gabriel.Araujo2@thomsonreuters.com;))