ERJ - South Korea selects the Embraer C-390 Millennium | Benzinga
- C-390 is the winner of LTA-II program public tender to provide the Republic of Korea Air Force with new military transport aircraft
- The country will be Asia's first C-390 Millennium operator
SEOUL, South Korea, Dec. 4, 2023 /PRNewswire/ -- South Korea's Defense Acquisition Program Administration (DAPA) has announced Embraer's ((B3: EMBR3, NYSE:ERJ) C-390 Millennium as the winner of the Large Transport Aircraft (LTA) II public tender to provide the Republic of Korea Air Force (ROKAF) with new military transport aircraft. South Korea is the C-390 Millennium's first customer in Asia.
Under the signed contract, Embraer will provide an undisclosed number of C-390 Millennium aircraft specially configured to meet ROKAF's requirements, as well as services & support including training, ground support equipment and spare parts. The value of the contract will be included in Embraer's backlog in the fourth quarter of 2023.
Embraer will also provide a comprehensive consortium and offset package including a significant amount of C-390 Millennium parts to be locally manufactured by Korean partner companies and the development of a local Maintenance Repair and Overhaul (MRO) provider.
"We welcome ...