Embraer Eyes Growing Domestic, Foreign Markets
By Jen DiMascio firstname.lastname@example.org
Source: AWIN First
The hang-up is similar to the company’s efforts to develop a geostationary satellite that can aid in weather monitoring as well as military communications and beef up protection before the 2014 FIFA World Cup and the 2016 Summer Olympic Games. Embraer is partnering with Telebras, a state-owned telecommunications company, in a joint venture called Visiona, and in that capacity is approaching suppliers around the globe, Bonini says, as it waits for the government to better define the configuration. Initially, Embraer had a timeline starting in 2014, but that could be extended by up to a year. Bonini says the company is waiting on a contract between the Brazilian government and Visiona.