LONDON—Portugal looks to become the first export customer for the Embraer KC-390 after the government approved the purchase of five of the airlifters for €827 million ($930.5 million). Approval from Portugal’s Council of Ministers on July 11 comes after two years of protracted negotiations, at one point looking like they would falter over pricing. The deal covers the purchase of the five aircraft, flight training devices, electronic warfare systems and logistic support ...

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