Embraer S.A.: Embraer and multiSIM Collaborate to Develop Innovative Technologies Training Solutions

Rhea-AI Summary

On November 12, 2021, Embraer (NYSE: ERJ) signed a Memorandum of Understanding (MoU) with Netherlands-based multiSIM to explore a partnership for defense and dual-use training solutions. The collaboration aims to enhance technology development and innovation for Embraer products. This follows a similar MoU signed with Fokker Services in October 2021, seeking opportunities across Defense, Commercial, and Support markets. Embraer is a leading global aerospace firm that has delivered over 8,000 aircraft since its inception in 1969 and is a key exporter in Brazil.

Positive

• Partnership with multiSIM could enhance Embraer's training technologies in defense.
• Collaboration aligns with Embraer's strategy to connect with startups for technological advancement.
• Recent MoU with Fokker Services may open up new market opportunities.

Negative

• None.

AMSTERDAM, Nov. 12, 2021 /PRNewswire/ -- Embraer (B3: EMBR3, NYSE: ERJ) and multiSIM, a Netherlands-based startup company which develops simulators for collaborative crew training based on a highly scalable software framework, signed recently a Memorandum of Understanding (MoU) to discuss a potential partnership for defense and dual-use training solutions.

The potential agreement may include joint research, technology development and innovation, for Embraer products and programs. The collaboration with multiSIM follows Embraer global knowledge network strategy based on connection with startups focused on advanced technologies, by creating mutually beneficial partnerships.

In October of 2021, Embraer signed a MOU with Fokker Services and Fokker Techniek to explore opportunities for a broad range of activities in the Defense, Commercial and Support markets, looking to leverage their respective expertise and capabilities in new projects.

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About Embraer

A global aerospace company headquartered in Brazil, Embraer has businesses in Commercial and Executive aviation, Defense & Security and Agricultural Aviation. The company designs, develops, manufactures and markets aircraft and systems, providing Services & Support to customers after-sales.

Since it was founded in 1969, Embraer has delivered more than 8,000 aircraft. On average, about every 10 seconds an aircraft manufactured by Embraer takes off somewhere in the world, transporting over 145 million passengers a year.

Embraer is the leading manufacturer of commercial jets up to 150 seats and the main exporter of high value-added goods in Brazil. The company maintains industrial units, offices, service and parts distribution centers, among other activities, across the Americas, Africa, Asia and Europe.

 

View original content:https://www.prnewswire.com/news-releases/embraer-sa-embraer-and-multisim-collaborate-to-develop-innovative-technologies-training-solutions-301423030.html

SOURCE Embraer S.A.

FAQ

What is the purpose of the MoU signed between Embraer and multiSIM?

The MoU aims to explore a potential partnership for developing innovative defense and dual-use training solutions.

When was the MoU between Embraer and multiSIM signed?

The MoU was signed on November 12, 2021.

How does the partnership with multiSIM align with Embraer's business strategy?

The partnership aligns with Embraer's strategy to engage with startups focused on advanced technologies to enhance their innovation and market offerings.

What other recent partnerships has Embraer engaged in?

In October 2021, Embraer signed a similar MoU with Fokker Services to explore opportunities in Defense, Commercial, and Support markets.