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Wednesday, February 6, 2013

Avibras Joins Embraer’s Unmanned Aircraft Joint Venture

Embraer on Tuesday announced the addition of Brazilian defense contractor Avibras to its unmanned aircraft joint venture, Harpia Systems.

Avibras will take a 9 percent stake in the company, reducing Elbit Systems subsidiary AEL Systems' stake to 40 percent. Embraer will continue to hold the majority 51 percent stake in Harpia.

Embraer’s defense chief Luiz Carlos Aguiar said Avibras’ decision to join the joint venture increases domestic shareholding in Harpia, which allows it to now qualify as a strategic defense company under Brazilian law.

Avibras is currently developing the Falcão unmanned aircraft system to perform reconnaissance and surveillance missions for the Brazilian air force.

“The synergy of the technical competences of Harpia’s three affiliates, added to the Falcão project and its legacy of high domestic technological content, will result in a highly competitive UAS solution in Brazil and abroad,” said Sami Hassuani, president of Avibras. More

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