Embraer and OGMA sign agreement to evaluate “future opportunities”

11 August 2006

São José dos Campos, Brazil, 11 Aug – OGMA-Indústria Aeronáutica de Portugal and the Portuguese state signed Thursday in São Paulo an “industrial co-operation” agreement with Embraer, which pledges to evaluate “future opportunities” for the Portuguese company to become a partner in manufacturing aeronautic material.

According to the protocol, the Brazilian aircraft maker Embraer will carry out studies to cooperate with OGMA, “with a view to enhancing its ability to design and build aircraft structures for the world market.”OGMA in turn pledged “to ensure that part of the work to be done is moved to the national aeronautic industry,” thus driving “development of the Portuguese aeronautic cluster.”Embraer is in consortium with EADS (European Aeronautic Defence and Space Company) already the biggest OGMA shareholder, with both holding a 65 percent stake in the capital of the Portuguese company, based in Alverca outside Lisbon.

Embraer currently employs 15,000 workers at its 15 Brazilian factories.

The aeronautic company has 2,500 more employees at its indusrial units in Asia (three), Europe (France and Portugal) and the United States of America (two).

Embraer has produced nearly 3,900 aircraft in 36 years, which currently operate in 65 countries. Exports between January and April of this year stood at nearly 18 million euros (US$23 million). (macauhub)