Thyssenkrupp, Embraer to build four frigates for Brazil Navy

FRANKFURT/DUESSELDORF/BRASILIA, March 5 (Reuters) – A consortium formed by Germany’s Thyssenkrupp AG TKAG.DE and Brazilian planemaker Embraer SA EMBR3.SA signed a deal on Thursday to deliver four frigates to Brazil’s navy between 2025 and 2028, the companies said in a statement.

The contract signed in Rio de Janeiro is part of Brazil’s drive to modernize its navy so it can patrol off-shore resources in the Atlantic, such as Brazil’s vast pre-salt oil reserves.


By Christoph Steitz and Tom Kaeckenhoff via Nasdaq


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