Avibras joins Harpia Systems to develop the unmanned aircraft systems market in Brazil

Published on : Wednesday, February 6, 2013

Embraer Defense and Security and its affiliate AEL Systems, Inc., a subsidiary of the Israeli company Elbit Systems Ltd., announce the entrance of Avibras Air and Naval Division, Inc., in the capital structure of Harpia Systems, Inc., so as to jointly develop the market for unmanned aircraft systems in Brazil. As a result, Avibras will hold a 9% stake of the company, whereas AEL Systems will hold 40%. Embraer Defense and Security will remain the majority shareholder, with 51%.

By the agreement between the three companies, Harpia will also have the Falcão Project in its product line, which will increase national content to the partnership. Avibras is developing the Falcão for the use of the Brazilian Air Force. It will be able to perform reconnaissance, target acquisition, directional shooting support, damage assessment, and ground and sea surveillance missions.

“Avibras’ participation increases domestic shareholding in Harpia Systems, which will now meet all requirements of a Strategic Defense Company, in accordance with Law 12.598,” said Luiz Carlos Aguiar, president of Embraer Defense and Security and Chairman of the Board of Directors of Harpia. “In addition, Avibras will bring additional technical competence to Harpia.”

“The synergy of the technical competences of Harpia’s three affiliates, added to the Falcão Project and its legacy of high domestic technological content, will result in a highly competitive UAS solution in Brazil and abroad,” said Sami Hassuani, President of Avibras.

Source: Embraer

Leave a Reply

Your email address will not be published. Required fields are marked *

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 02 AIME 2019
  • 03 AIME 2018
  • 05 ameistanbul 2019
  • 06 aviation-festival-asia 2019
  • 07 thehotelshowsaudiarabia 2019
  • 08 JTTX9 19
  • 09 Conventa 2019
  • 10 Asia Pacific 2019
  • 10 Hotel Management Thailand 2019
  • 10 OTM 2019
  • 10 Routes Americas 2019
  • 11 Bar and Restaurant Investment 19
  • 11 BLTM 2019
  • 11 Digital Travel 2019
  • 13 ATRTCM 2019
  • 13 Food Hospitality2019
  • 14 SATTE 2019
  • 16 EMITT 2019
  • 16 IITM 2019
  • 17 AITF 18
  • 18 UITT 2019

TRAVEL INDUSTRY EVENTS

    1. TTF Bengaluru

      January 15 - January 17
    2. SATTE

      January 16 - January 18
    3. MATKA 2019

      January 17 - January 20
    4. GO 2019

      January 17 - January 20
    5. BLTM Delhi

      January 18 - January 19
Get our toolbar!
Review www.travelandtourworld.com on alexa.com