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Sweden confirms acquisition of four C-390 Millennium and secures production slots

1. Sweden commits to acquiring four C-390 Millennium aircraft from Embraer. 2. This acquisition enhances Sweden's defense capabilities and NATO interoperability. 3. The C-390 is designed for versatile, efficient, and reliable military operations. 4. Operating since 2019, the C-390 shows strong capability with over 99% mission completion rate. 5. Other countries backing C-390 include the Netherlands, Austria, and Slovakia.

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FAQ

Why Bullish?

The acquisition signals strong demand for Embraer’s military aircraft, boosting revenues. Similar past commitments, like those from Brazil and Portugal, resulted in positive stock movement.

How important is it?

The article directly discusses Embraer’s major contract, impacting its financial outlook and market position significantly.

Why Long Term?

As Sweden modernizes its fleet, ongoing production will maintain sustained revenue growth over years. Long-term contracts and relationships may secure additional deals.

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This major milestone follows Sweden's signing of a Memorandum of Understanding with the Netherlands and Austria joining the C-390 Millennium program , /PRNewswire/ -- Sweden officially committed to acquiring from Embraer (NYSE: ERJ/ B3: EMBR3), a global leader in the aerospace industry, four C-390 Millennium multi-mission aircraft, securing the necessary production slots. The official announcement of this commitment took place during LAAD Defence & Security 2025 in the presence of Peter Sandwall, State Secretary to Minister for Defence from Sweden and Bosco da Costa Junior, president and CEO of Embraer Defense & Security. This announcement follows the recent official signing of an agreement that stipulates that Sweden joins the Netherlands and Austria in the C-390 program. "We are proud to take a significant step towards the acquisition of this next generation NATO interoperable aircraft. The ability of the C-390 to perform its missions in challenging environments anytime, anywhere, will be a welcome upgrade for Sweden's defense, ensuring effective operations for the decades to come," said Peter Sandwall, State Secretary to Sweden's Minister for Defence. "Sweden's commitment to acquiring four C-390 Millennium aircraft marks a significant advancement in enhancing the Swedish Air Force's operational capabilities. These next-generation aircraft will not only boost Sweden's military transport efficiency but also leverage existing European synergies in interoperability, training, and life cycle support. Embraer remains dedicated to fulfilling Sweden's requirements by delivering top-tier military transport aircraft, ensuring the Swedish Air Force can execute its most demanding missions with excellence," said Bosco da Costa Junior, president and CEO of Embraer Defense & Security. The C-390 Millennium is considered as a true game changer by its operators, redefining the concepts of versatility, reliability, operational efficiency and cost effectiveness. The aircraft has been acquired by eight countries: Brazil, Portugal, Hungary, South Korea, the Netherlands, Austria, the Czech Republic, and an undisclosed customer. It has also been officially selected by Sweden and Slovakia to modernize their air forces. The C-390 represents the next generation of military airlift with multi-mission capability and interoperability built by design. Since entering operation with the Brazilian Air Force in 2019, the Portuguese Air Force in 2023 and, most recently with the Hungarian Air Force in 2024, the C-390 has proven its capability, reliability, and performance. The current fleet in operation has demonstrated a mission capability rate of 93% and mission completion rates above 99%. 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, such as packed earth, soil and gravel. The aircraft configured with air-to-air refueling equipment, with the designation KC-390, has already proven its aerial refueling capacity both as a tanker and as a receiver, in this case by receiving fuel from another KC-390 using pods installed under the wings. Images: https://embraer.bynder.com/share/3314732C-E263-4E2F-BDCE8AFB129A9B0D/ About Embraer Embraer is a global aerospace company headquartered in Brazil. It manufactures aircraft for Commercial and Executive aviation, Defense & Security, and Agricultural customers. The company also provides after-sales services & support through a worldwide network of wholly owned entities and authorized agents. Since it was founded in 1969, Embraer has delivered more than 9,000 aircraft. On average, about every 10 seconds an aircraft manufactured by Embraer takes off somewhere in the world, transporting over 150 million passengers a year. Embraer is the leading manufacturer of commercial jets up to 150 seats and is the main exporter of high value-added goods in Brazil. The company maintains industrial units, offices, service and parts distribution centers across the Americas, Africa, Asia, and Europe. SOURCE Embraer S.A. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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