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