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Embraer Signs Agreement with Portugal’s EDP to Develop 100% Electric Airplane

By · November 21, 2020 · 1 min read

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RIO DE JANEIRO, BRAZIL – Brazilian company Embraer, the world’s third-largest aircraft manufacturer, announced on Friday, November 20th, an agreement with the local subsidiary of Portuguese energy company EDP for the research and development of an electric aircraft.

Embraer released a statement saying that the first test flight of the electric aircraft prototype is scheduled for 2021.

Brazilian company Embraer, the world's third-largest aircraft manufacturer, announced on Friday, November 20th, an agreement with the local subsidiary of Portuguese energy company EDP for the research and development of an electric aircraft.
Brazilian company Embraer, the world’s third-largest aircraft manufacturer, announced on Friday, November 20th, an agreement with the local subsidiary of Portuguese energy company EDP for the research and development of an electric aircraft. (Photo internet reproduction)
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“Through EDP’s Smart division, the multinational of Portuguese origin announced a financial contribution for the acquisition of an energy storage and recharging technology solution for the aircraft, with 100 percent electric propulsion, which will use the EMB-2013 Ipanema as a testing platform,” the statement said.

Embraer’s vice president of Engineering and Corporate Strategy, Luis Carlos Affonso, said that Brazilian aeronautics has a history of strategic partnerships.

“It is one of the Brazilian companies that most stimulates global knowledge networks, which allow for a significant increase in the country’s competitiveness,” said Affonso.

The president of EDP in Brazil, Miguel Setas, said that the Portuguese energy company “is leading a transition to a low-carbon economy,” and that the alliance with Embraer “represents a new form of our investment in electric mobility, helping to position Brazil as a leading player in this market.”

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Embraer
NYSE: ERJEMBJ3IndustrialsAerospace & Defense20,923 employees
$12.33B
Market cap
Analyst target $68.50

Wall Street view

3.9Moderate Buy/ 5
10 Buy3 Hold1 Sell
Avg. price target $68.50  ·  +30% vs 200-day

Valuation & profitability

Market cap$12.33B
Revenue (TTM)$39.80B
P / E ratio37.7
Profit margin5.4%
Return on equity11.3%

Price & risk

52-wk low
$54.82
52-wk high
$66.87
Beta (volatility)0.92
200-day average$52.79

Revenue trend · 6y

20192024
Latest $6.39B

Ownership

Institutions46.0%
Shares outstanding183M
Top holderGQG Partners LLC
Institutional holders5+ funds

Dividend

Yield0.1%
Payout ratio31.0%
Fwd. annual$0.05
What Embraer does. Embraer S.A., together with its subsidiaries, designs, develops, manufactures, and sells aircraft and systems worldwide. It operates through Commercial Aviation; Defense & Security; Executive Aviation; Services & Support; and Other segments. The Commercial Aviation segment develops, produces, and sells commercial jets. Its Defense & Security segment develops and produces military aircraft and…
Data: RT fundamentals (ERJ.US) · figures in USD · as of 22 Aug 2026More company intelligence →

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