Michigan survey ahead; Applied Digital surges; gold dips - what’s moving markets
Embraer S.A. (NYSE:ERJ, B3:EMBR3) announced Thursday that Panama has signed a contract to purchase four A-29 Super Tucano aircraft. The new fleet will be operated by the Panamanian National Air and Naval Service as part of the country’s efforts to enhance surveillance and protection capabilities.
With this agreement, Panama becomes the eighth Latin American nation to select the A-29 Super Tucano as its primary surveillance aircraft, joining Brazil, Chile, Colombia, Ecuador, Paraguay, Uruguay, and the Dominican Republic. According to Embraer, 22 air forces worldwide have chosen the Super Tucano for their operations.
The contract is part of Panama’s program to expand its operational capacity and support national security initiatives. The Super Tucano is designed for a range of missions, including air patrol, reconnaissance, border surveillance, and pilot training.
Bosco da Costa Junior, President and CEO of Embraer Defense & Security, stated in the press release, “It is an honor for Embraer to see another Latin American country choose the A-29 Super Tucano to leverage its surveillance, reconnaissance and protection capabilities.”
The A-29 Super Tucano has accumulated over 600,000 flight hours globally. Embraer reports that other nations have also expressed interest in the platform, citing its reliability, availability, robustness, and low operating costs.
This information is based on a press release statement filed with the U.S. Securities and Exchange Commission.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.