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Brazil's Embraer rules out fighter jet push, backs Saab partnership

Brazil's Embraer rules out fighter jet push, backs Saab partnership

By Gabriel Araujo

- Brazilian planemaker Embraer EMBJ3.SA has no plans to develop a fighter jet, CEO Francisco Gomes Neto told reporters on Wednesday, adding the company was satisfied with its partnership with Sweden's Saab SAABb.ST in the segment.

  • Embraer and Saab unveiled in March the first Gripen assembled at Embraer's Gaviao Peixoto plant as part of a contract with Brazil.

  • Gomes Neto said the plant could support production for new sales Saab eventually makes in South America and "maybe even in other countries, if they need additional capacity."

  • Brazil has expressed interest in purchasing 20 additional Gripen jets, according to Sweden.

  • Embraer focused on products such as military cargo jet C-390 Millennium and light attack aircraft Super Tucano.

  • Gomes Neto spoke after the collapse of a flagship Franco-German fighter jet project.

  • Fellow planemaker Airbus AIR.PA is increasingly looking to Saab as a preferred future partner, Reuters reported, citing sources.



(Reporting by Gabriel Araujo)

((Gabriel.Araujo2@thomsonreuters.com; +55 11 5047-3352;))

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