STOCK TITAN

The Netherlands to acquire nine Multi-Mission Airlift Embraer C-390 Millennium in joint order with Austria

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)

The Dutch Ministry of Defense has signed a contract to acquire nine Embraer C-390 Millennium aircraft in a joint purchase with Austria. The Netherlands will receive five aircraft, while Austria will get four. This acquisition is part of the 'Replacement of Tactical Airlift Capacity' project, aimed at enhancing both countries' ability to rapidly deploy or evacuate equipment and personnel worldwide. The C-390 Millennium offers improved operational capacity with better performance, greater reliability, and higher transport capacity.

The joint purchase will allow both nations to benefit from synergies in training, logistics, and future platform growth. The aircraft has proven its capabilities with the Brazilian and Portuguese Air Forces, accumulating over 13,000 flight hours with a 93% mission capable rate and over 99% mission completion rate. The C-390 can carry 26 tons of payload, fly at 470 knots, and perform various missions including cargo and troop transport, medical evacuation, and humanitarian missions.

Il Ministero della Difesa olandese ha firmato un contratto per acquisire nove aerei Embraer C-390 Millennium in un acquisto congiunto con l'Austria. I Paesi Bassi riceveranno cinque aerei, mentre l'Austria ne otterrà quattro. Questa acquisizione fa parte del progetto 'Sostituzione della Capacità di Trasporto Aereo Tattico', che mira a migliorare la capacità di entrambi i paesi di schierare o evacuare rapidamente apparecchiature e personale in tutto il mondo. Il C-390 Millennium offre una capacità operativa migliorata con prestazioni superiori, maggiore affidabilità e un'alta capacità di trasporto.

L'acquisto congiunto permetterà a entrambe le nazioni di trarre vantaggio dalle sinergie nella formazione, nella logistica e nella crescita futura della piattaforma. L'aereo ha dimostrato le sue capacità con le Forze Aeree brasiliane e portoghesi, accumulando oltre 13.000 ore di volo con un tasso di disponibilità della missione del 93% e un tasso di completamento della missione superiore al 99%. Il C-390 può trasportare 26 tonnellate di carico utile, volare a 470 nodi e svolgere varie missioni, tra cui trasporto merci e truppe, evacuazione medica e missioni umanitarie.

El Ministerio de Defensa de los Países Bajos ha firmado un contrato para adquirir nueve aviones Embraer C-390 Millennium en una compra conjunta con Austria. Los Países Bajos recibirán cinco aviones, mientras que Austria obtendrá cuatro. Esta adquisición forma parte del proyecto 'Reemplazo de la Capacidad de Transporte Aéreo Táctico', que busca mejorar la capacidad de ambos países para desplegar o evacuar rápidamente equipos y personal en todo el mundo. El C-390 Millennium ofrece una capacidad operativa mejorada con un mejor rendimiento, mayor fiabilidad y mayor capacidad de transporte.

La compra conjunta permitirá a ambas naciones beneficiarse de sinergias en formación, logística y crecimiento futuro de la plataforma. El avión ha demostrado sus capacidades con las Fuerzas Aéreas de Brasil y Portugal, acumulando más de 13,000 horas de vuelo con una tasa de disponibilidad de misión del 93% y una tasa de finalización de misión superior al 99%. El C-390 puede transportar 26 toneladas de carga, volar a 470 nudos y realizar diversas misiones, incluyendo transporte de carga y tropas, evacuación médica y misiones humanitarias.

네덜란드 국방부는 오스트리아와의 공동 구매를 통해 엠브레어 C-390 밀레니엄 항공기 9대를 구매하기 위한 계약을 체결했습니다. 네덜란드는 5대를 인수하고, 오스트리아는 4대를 인수하게 됩니다. 이번 인수는 '전술 공중 수송 능력 대체' 프로젝트의 일환으로, 양국의 장비와 인원을 신속하게 배치하거나 철수할 수 있는 능력을 향상시키는 것을 목표로 하고 있습니다. C-390 밀레니엄은 향상된 성능, 더 높은 신뢰성 및 더 큰 수송 용량을 갖춘 개선된 작전 능력을 제공합니다.

이번 공동 구매는 두 나라가 교육, 물류 및 향후 플랫폼 성장에서 시너지를 얻을 수 있게 합니다. 이 항공기는 브라질 및 포르투갈 공군과 함께 13,000시간 이상의 비행 시간을 누적했으며, 임무 수행률이 93%이고, 임무 완료율이 99%를 초과합니다. C-390은 26톤의 화물 운송이 가능하며, 시속 470노트로 비행하고, 화물 및 병력 수송, 의무 대피, 인도적 임무 등 다양한 임무를 수행할 수 있습니다.

Le ministère néerlandais de la Défense a signé un contrat pour acquérir neuf avions Embraer C-390 Millennium dans le cadre d'un achat commun avec l'Autriche. Les Pays-Bas recevront cinq avions, tandis que l'Autriche en obtiendra quatre. Cette acquisition fait partie du projet 'Remplacement de la Capacité de Transport Aérien Tactique', visant à améliorer la capacité des deux pays à déployer ou évacuer rapidement du matériel et du personnel dans le monde entier. Le C-390 Millennium offre une capacité opérationnelle améliorée avec de meilleures performances, une plus grande fiabilité et une capacité de transport accrue.

L'achat commun permettra aux deux nations de bénéficier de synergies en matière de formation, de logistique et de croissance future de la plateforme. L'avion a prouvé ses capacités auprès des Forces aériennes brésiliennes et portugaises, accumulant plus de 13 000 heures de vol avec un taux de disponibilité de mission de 93 % et un taux d'achèvement de mission supérieur à 99 %. Le C-390 peut transporter 26 tonnes de charge utile, voler à 470 nœuds et effectuer diverses missions, y compris le transport de fret et de troupes, l'évacuation médicale et les missions humanitaires.

Das niederländische Verteidigungsministerium hat einen Vertrag zur Beschaffung von neun Embraer C-390 Millennium Flugzeugen im Rahmen eines gemeinsamen Erwerbs mit Österreich unterzeichnet. Die Niederlande werden fünf Flugzeuge erhalten, während Österreich vier erhalten wird. Diese Beschaffung ist Teil des Projekts 'Ersatz der Taktischen Lufttransportkapazität', das darauf abzielt, die Fähigkeit beider Länder zur schnellen Verlegung oder Evakuierung von Ausrüstung und Personal weltweit zu verbessern. Die C-390 Millennium bietet verbesserte Betriebskapazitäten mit besserer Leistung, höherer Zuverlässigkeit und größerer Transportkapazität.

Der gemeinsame Erwerb ermöglicht es beiden Nationen, von Synergien in Ausbildung, Logistik und zukünftiger Plattformentwicklung zu profitieren. Das Flugzeug hat seine Fähigkeiten an den brasilianischen und portugiesischen Luftstreitkräften unter Beweis gestellt, indem es über 13.000 Flugstunden mit einer missionsfähigen Rate von 93% und einer Missionserfolgsquote von über 99% gesammelt hat. Die C-390 kann 26 Tonnen Nutzlast transportieren, mit 470 Knoten fliegen und verschiedene Missionen durchführen, darunter Fracht- und Truppentransport, medizinische Evakuierung und humanitäre Einsätze.

Positive
  • Joint purchase of 9 C-390 Millennium aircraft by the Netherlands (5) and Austria (4), potentially increasing order volume and revenue for Embraer
  • C-390 offers improved operational capacity, performance, and reliability compared to other medium-sized military transport aircraft
  • Aircraft has proven track record with 13,000+ flight hours, 93% mission capable rate, and 99%+ mission completion rate
  • Potential for future synergies and collaborations among NATO nations using the C-390 platform
Negative
  • None.

The decision by the Netherlands and Austria to acquire the Embraer C-390 Millennium aircraft in a joint order marks a significant event in the defense aviation sector. The C-390's advanced technology, greater reliability and higher transport capacity provide these nations with enhanced operational flexibility and responsiveness. This move aligns with the broader trend of European countries modernizing their tactical air fleets to ensure they meet future mission demands effectively.

Moreover, the joint purchase enables both countries to benefit from synergies in training, logistics and future growth, reflecting a strategic approach to defense procurement. The collaboration between these nations also highlights a growing emphasis on interoperability within NATO, which is important for coordinated defense strategies.

From a market perspective, Embraer stands to gain significantly from this contract as it boosts the company's credibility and market share in the global defense sector. The successful operation history of the C-390, with a high mission capable rate and versatility in various roles, further solidifies Embraer's position as a leading player in military transport aircraft. Investors can view this development as a positive indication of Embraer's long-term growth potential in defense markets.

The joint acquisition of nine Embraer C-390 Millennium aircraft by the Netherlands and Austria represents a strategic investment in modernizing their tactical airlift capabilities. The deal enhances Embraer's market penetration in Europe, particularly within the NATO framework. The C-390's ability to perform various missions, such as medical evacuation, cargo transport and search and rescue, makes it a versatile asset for military operations.

This purchase also underscores the trend towards multinational defense collaborations to achieve cost efficiencies and operational synergies. For retail investors, this contract could signify increased revenues and a strengthened market position for Embraer, which may translate into potential stock price appreciation. The collaboration between NATO countries and Embraer also suggests a stable demand for the C-390, which could positively impact the company's financial outlook in the medium to long term.

The acquisition of Embraer C-390 Millennium aircraft by the Netherlands and Austria is a positive development for Embraer from a financial perspective. This contract will likely contribute significantly to Embraer's revenue streams in the coming years. The C-390's performance metrics, including a high mission capable rate and extensive operational history, make it an attractive option for military forces worldwide, potentially leading to further orders.

For investors, this deal signals Embraer's continued success in securing contracts within the defense sector, which is known for its lucrative and stable nature. The joint purchase by two NATO countries also implies a vote of confidence in Embraer's technology and reliability, which could enhance investor sentiment and drive stock performance. In the short term, this news could lead to a positive impact on Embraer's stock price as the market reacts to the new contract and its implications for future growth.

  • Common fleet will allow both nations to cooperate and benefit from synergies in areas like training, logistics and future growth of the platform
  • The Netherlands will receive five aircraft and Austria, four

FARNBOROUGH, England, July 22, 2024 /PRNewswire/ -- The Dutch Ministry of Defense signed the contract today for the acquisition of nine Embraer C-390 Millennium aircraft during a ceremony at the Farnborough Airshow. As part of the project 'Replacement of Tactical Airlift Capacity', the contract is a joint purchase, in cooperation with Austria – five aircraft for the Royal Netherlands Air Force and four aircraft for the Austrian Air Force.

With this joint order, both countries aim at increasing their ability to rapidly deploy or evacuate equipment and personnel worldwide, even under difficult operational conditions. The enhanced tactical airlift capacity provided by the C-390 increases operational flexibility and responsiveness, provides logistical support in various missions and operations, and enables a wide range of humanitarian and medical tasks.

The joint purchase will also allow both nations – as well as current and future operators – to cooperate and benefit from synergies in areas like training, logistics and future growth of the platform, together with the other C-390 operators in NATO nations. The C-390 Millennium provides maximum operational readiness enabling interoperability and connectivity in networked environments and multiple domains.

The C-390 will improve operational capacity by offering better performance, greater reliability, and higher transport capacity. Additionally, the choice for the C-390 ensures that the Royal Dutch and Austrian Air Forces are equipped with state-of-the-art technology to meet the mission demands of the future.

"It is great that we can sign this agreement for both Austria as the Netherlands. I'm happy to see that we can buy these planes with the same specifications. This is a good example of collaboration in Europe between countries.  The constructive support of Embraer has played a crucial role in the successful realization of this agreement. We appreciate the contribution of Embraer and look forward to a successful cooperation", said Vice-Admiral Jan Willem Hartman, National Armaments Director of the Netherlands.

"We welcome the Netherlands and Austria as the newest members of the growing group of nations that have ordered the C-390 Millennium, the most efficient and modern military tactical transport currently in operation", said Bosco da Costa Jr, President and CEO, Embraer Defense & Security. "This aircraft is the best choice in the market, offering an unbeatable combination of high performance, advanced technology and low life cycle costs."

Since entering operation with the Brazilian Air Force in 2019 and the Portuguese Air Force in 2023, the C-390 has proven its capacity, reliability, and performance. The current fleet of aircraft in operation has accumulated more than 13,000 flight hours, with mission capable rate of 93% and mission completion rates above 99%, demonstrating exceptional productivity in the category.

The C-390 can carry more payload (26 tons) compared to other medium-sized military transport aircraft and flies faster (470 knots) and farther, being capable of performing a wide range of missions such as transporting and dropping cargo and troops, medical evacuation, search and rescue, firefighting, and humanitarian missions, operating on temporary or unpaved runways. The aircraft configured with air-to-air refueling equipment, with the designation KC-390, can operate both as a tanker and as a receiver, in this case also by receiving fuel from another KC-390 using pods installed under the wings.

Follow us on Twitter: @Embraer

Images: https://embraer.bynder.com/share/A652A554-2A7F-4639-B2AA1C88F8C1913E/ 

About Embraer (B3: EMBR3, NYSE: ERJ)

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 worldwide, 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.

PRESS OFFICES: 

Headquarters (Brazil

Corporate Communications
embraer@idealhks.com
Cell: +55 11 98890 7777
Tel.: +55 11 4873 7984 

Cision View original content:https://www.prnewswire.com/news-releases/the-netherlands-to-acquire-nine-multi-mission-airlift-embraer-c-390-millennium-in-joint-order-with-austria-302203043.html

SOURCE Embraer S.A.

FAQ

How many C-390 Millennium aircraft did the Netherlands and Austria order from Embraer (ERJ)?

The Netherlands and Austria jointly ordered 9 Embraer C-390 Millennium aircraft. The Netherlands will receive 5 aircraft, while Austria will get 4.

What is the payload capacity and speed of the Embraer C-390 Millennium?

The Embraer C-390 Millennium can carry a payload of 26 tons and fly at a speed of 470 knots, offering higher capacity and faster travel compared to other medium-sized military transport aircraft.

What is the operational performance of the C-390 Millennium based on current usage?

The C-390 Millennium has accumulated over 13,000 flight hours with a 93% mission capable rate and over 99% mission completion rate, demonstrating exceptional productivity in its category.

What types of missions can the Embraer C-390 Millennium perform?

The C-390 Millennium can perform a wide range of missions including transporting and dropping cargo and troops, medical evacuation, search and rescue, firefighting, and humanitarian missions. It can also operate on temporary or unpaved runways.

Embraer S.A.

NYSE:ERJ

ERJ Rankings

ERJ Latest News

ERJ Stock Data

6.26B
740.47M
39.99%
2.21%
Aerospace & Defense
Industrials
Link
United States of America
São Paulo