Signature of a $1.3-billion contract to develop a military airlifter could not come at a better time for Embraer. With its commercial and business aircraft production hit by the global economic malaise, development of an all-new tanker/transport for the Brazilian air force will boost the manufacturer’s defense business and offset the civil aviation cycles. “It’s a brand new program for us, made in heaven,” says CEO Frederico Fleury Curado following signature of the government-funded ...

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