
The CDR is to be completed by this quarter. “[By June] we will be ready to go to market with terms and conditions and a final configuration,” says Luiz Carlos Aguilar, CEO of Embraer Defense & Security.
Embraer forecasts a market for 700 aircraft over 10 years, worth more than $50 billion. “That is very conservative,” he says, noting there are more than 2,000 older airlifters, mainly Lockheed Martin C-130s and Russian Antonovs, that will need replacing within 10 years.
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