Sao Jose Dos Campos News
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The Ibovespa advanced, paring a fourth monthly decline, as BRF SA rose to a record after the Brazilian poultry exporter’s quarterly earnings exceeded analysts’ estimates.
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Embraer SA rallied the most among the world’s largest airplane manufacturers after saying it will sell 30 regional jets for about $840 million to United Continental Holdings Inc.
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Embraer SA will sell 30 regional jets valued at about $840 million to United Continental Holdings Inc. as the world’s largest airline uses a new pilot contract allowing commuter partners to fly bigger aircraft.
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Beechcraft Corp. sued the U.S. Defense Department to halt a contract won by competitors to provide planes to the Afghan military, claiming it was a lower bidder on the deal.
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Embraer SA, Brazil’s biggest planemaker, is betting the E-jet will win a greater share of the shrinking regional market because airlines prefer revamped versions of current aircraft to risking delays and malfunctions in new models such as Bombardier Inc.’s CSeries.
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The Pentagon today authorized Sierra Nevada Corp. and Embraer SA to resume work on a $427 million contract under protest, citing the need to equip the Afghan military.
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The unmanned aircraft soaring above Brazil’s Paraiba valley looks like a toy plane. In fact, it is the newest means of monitoring drug and arms traffickers, and the latest result of a military buildup that is attracting companies from Boeing Co. to Odebrecht to Thales SA.
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Empresa Brasileira de Aeronautica SA , the world’s fourth-largest planemaker, reported second-quarter profit fell almost 79 percent and boosted its year sales forecast on rising orders and the aviation sector’s improvement.
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Embraer SA’s surprise loss of a $1.85 billion regional-jet order from Delta Air Lines Inc. signals the planemaker needs to sweeten incentives such as buyback guarantees and maintenance deals to fend off Bombardier Inc.
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More than 43,000 Brazilian metalworkers including employees in the country’s auto-parts industry began striking today in Sao Paulo state to demand higher wages.
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