EMBRAER S.A.: Notice to the Market: Russia-Ukraine Conflict

Rhea-AI Summary

Embraer S.A. (NYSE: ERJ) announced impact from the Russia-Ukraine conflict, suspending parts, maintenance, and technical support services to comply with sanctions against Russia, Belarus, and specific regions of Ukraine. The company reassured stakeholders regarding its titanium supply chain, citing a strong inventory position and current contracts with suppliers outside affected areas. Embraer committed to continuously monitoring its supply chain and will keep the market updated on any new developments related to this situation.

Positive

• Strong current inventory position of titanium.
• Existing contracts for titanium provision with companies in other countries.

Negative

• Suspension of parts, maintenance, and technical support services for certain customers due to sanctions.

SÃO JOSÉ DOS CAMPOS, Brazil, March 9, 2022 /PRNewswire/ -- Embraer S.A. ("Embraer" or "Company") (B3: EMBR3, NYSE: ERJ) hereby informs the market about the impacts in its business and operations resulting from the Russia and Ukraine conflict.

The Company has suspended parts, maintenance, and technical support services for certain customers to comply with the sanctions imposed on Russia, Belarus, and certain regions of Ukraine by laws of jurisdictions to which Embraer is subject.

In addition, Embraer informs that there is no immediate concern over the availability of titanium in its supply chain, considering its strong current inventory position and the existing contracts for the provision of this material with companies in other countries. Embraer will continue to monitor its supply chain and to seek alternative sources.

The Company will keep the market duly informed about new material information relating to the matter.

Antonio Carlos Garcia
Executive Vice-President and Investor Relations

 

View original content:https://www.prnewswire.com/news-releases/embraer-sa-notice-to-the-market-russia-ukraine-conflict-301499013.html

SOURCE Embraer S.A.

FAQ

What impact did the Russia-Ukraine conflict have on Embraer (ERJ)?

Embraer suspended parts, maintenance, and technical support services to comply with sanctions against Russia, Belarus, and certain regions of Ukraine.

How is Embraer managing its titanium supply amid the conflict?

Embraer reported a strong inventory position and existing contracts for titanium with suppliers outside the affected areas, ensuring no immediate concern for availability.

What is Embraer's commitment regarding updates on the conflict's impact?

Embraer will continue to monitor its supply chain and keep the market informed about any new material developments related to the Russia-Ukraine conflict.