May 5, 2015

Embraer eyeing slowdown of KC-390 program if Brazil cannot pay

Embraer has to consider slowing down development of the KC-390 military cargo jet if the Brazilian Air Force, which is funding the program, does not catch up on late payments, Chief Executive Officer said on a Thursday conference call.
The Brazilian government has fallen behind on around $300 million in payments on defense contracts due to efforts to shore up the federal budget

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