Embraer and Aernnova conclude strategic partnership agreement in Évora

Évora, Portugal, May 02, 2022 - Embraer and Aernnova concluded today the strategic partnership agreement announced in early 2022. Therefore, Aernnova now owns all shares of Embraer Metálicas and Embraer Compósitos, in an investment totaling approximately US$ 174 million. For Embraer, this partnership is another opportunity to increase the production capacity of these two units, since besides supplying components for the company's commercial, executive aviation and defense areas, there is the expectation of an increase in the production of components for other global aeronautical manufacturers. This implies more jobs in this inland region of Portugal, as well as a potential increase in exports. Thus, the factories in Évora also contribute to the increase of the aeronautical production capacity of Alentejo region and guarantee its position as a reference in the Aeronautical Cluster of Portugal. The agreement is also in line with Aernnova's growth strategy, which further reinforces the company's status as a global leader in the design and production of aerostructures, and it aims to increase the production capacity of the centers of excellence in Évora, whose operation is of strategic importance for Embraer's current and future products. With 500 employees, the Évora units produce, among other things, components for wings and vertical and horizontal stabilizers for Embraer's aircraft programs such as the Praetor 500 and Praetor 600 executive jets, the two generations of the E-Jets family of commercial jets and the multi-mission aircraft KC-390 Millennium. The industrial units in Portugal will constitute Aernnova's largest production centers in the world. This agreement strengthens the Aernnova's position as a tier 1 supplier for single aisle aircraft and improves its presence in the executive and defense aerospace markets. Évora facilities activity will add around US$170 million to Aernnova's revenues figure. The capacity of these industrial units will also allow new contracts to be signed, either with Embraer or with other manufacturers. Embraer maintains its strategic commitment to Portugal, the country where the company invests the most in industrial capacity, outside of Brazil. An example of this is the recently announced investment of 74 million euros in OGMA to bring to Portugal the maintenance of Pratt & Whitney's GTF engines, used by the new generation of commercial aircraft. This agreement will create 300 jobs and could triple the annual turnover to 600 million euros. But it is not only in industrial units that Embraer has focused its new investments in Portugal. In March, a technological development cooperation project was launched with the signing of a Memorandum of Understanding with idD Portugal Defence and ETI. This new partnership aims to develop Defense and dual-use products in areas related to training and simulation technologies, more specifically with Virtual Reality, Augmented Reality, Mixed Reality and Data Analytics. Follow us on Twitter: @Embraer About Embraer A global aerospace company headquartered in Brazil, Embraer has businesses in commercial and executive aviation, defense and security, and agricultural aviation. The company designs, develops, manufactures and markets aircraft and systems, providing after-sales service and support to customers. Since its founding in 1969, Embraer has delivered more than 8,000 aircraft. On average, every 10 seconds an Embraer aircraft takes off somewhere in the world, carrying more than 145 million passengers a year. Embraer is the largest manufacturer of commercial jets up to 150 seats and the largest exporter of high value-added products in Brazil. The company owns industrial units, offices, service centers and component distribution centers, among other activities, in the Americas, Africa, Asia and Europe. About Aernnova Aernnova is a leading aerostructure company specialized in the design and manufacturing of composite and metallic structures for aeronautical programs. Headquartered in Spain, with over 4,500 employees and a global footprint including operations in Brazil, México, U.K. and USA, Aernnova works with world-class aerospace customers such as: Embraer, Airbus, Bell Helicopters, Boeing, Northrop Grumman, Sikorsky, and Space X, among others. Aernnova is recognized by its customers for its performance and competitiveness as well as for its know-how, capacities and capabilities in engineering and manufacturing. The company is fully committed to play a leading role towards a net zero aviation industry. Technological Development and Innovation is one of Aernnova's strategic growth vectors to meet this ambitious goal.