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Thursday, July 31, 2014

Embraer Reports Second Quarter Revenue

[Aviation Today 07-31-2014] Brazilian aircraft manufacturer Embraer released second quarter earnings in which revenues totaled $1761.3 million compared to $1557 million during the same quarter last year. This represents a growth of 13.1 percent due to a combination of higher commercial jet deliveries and significant growth in the defense and security segment, according to Embraer.

This boost in the defense and security segment was in part due to Embraer surveillance technology present in all host cities of the FIFA 2014 World Cup in Brazil, as part of the security scheme set up for the event. Embraer’s  SABER-M60 radar provided airspace coverage in areas considered to be high-risk.  

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