Aviation

Embraer Announces Firm Order for 20 E-Jets from SkyWest

São José dos Campos, Brazil, October 2^nd, 2017 – Embraer today announced a firm order from SkyWest, Inc. (SkyWest) (NASDAQ: SKYW) for 20 E-Jets. The order has a value of USD 914 million, based on current list prices, and will be included in Embraer’s 2017 third-quarter backlog. Combined with last month’s announcement for 25 new aircraft, today’s order results in a cumulative order of 45 new aircraft placed by SkyWest with Embraer in 2017.

Of the 20 aircraft, SkyWest will receive 15 E175 SC (Special Configuration) aircraft, in a 70-seat configuration. The E175 SC aircraft features an E175 airframe, which can be retrofitted to 76 seats in the future. SkyWest will also receive five E175s, in a 76-seat configuration, similar to aircraft SkyWest has previously ordered.

Including this new contract, Embraer has sold more than 380 E175 jets to airlines in North America since January 2013, earning more than 80% of all orders in the 76-seat jet segment.

Since entering revenue service, the E-Jets family has received more than 1,700 orders and over 1,300 aircraft have been delivered. Today, E-Jets are flying in the fleets of 70 customers in 50 countries. The versatile 70 to 130-seat family is flying with low-cost airlines as well as with regional and mainline carriers.

Aviation

Boeing, Antonov to Collaborate on Defense Projects

– MOU represents Boeing’s commitment to work with Ukrainian industry

– Includes exploring opportunities for collaborating on in-country support of Unmanned Aerial Systems

A Memorandum of Understanding was signed today by Boeing and Antonov Company to investigate potential collaboration on defense-related projects.

“We’re happy to keep collaborating with the Antonov Company to help Ukraine’s economic development and expansion,” stated Ted Colbert, CEO and president of Boeing Defence, Space, & Security.

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“This agreement demonstrates our ongoing efforts to find more opportunities to work with Ukrainian industry, which was underscored by our signing of the Ukrainian Defence Industry Compact earlier this year.”

The areas of potential collaboration identified in the agreement consist of training, logistical support and overhaul services for tactical Unmanned Aerial Systems utilized by the Ukrainian Armed Forces, which includes the ScanEagle. In addition, the companies will also explore opportunities for Antonov to provide engineering support to Boeing.

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“A strong, innovative, and efficient defense industry is key to sustainable economic development and national security, and we are extremely excited to collaborate with Boeing,” said Ievhen Gavrylov, CEO of Antonov Company.

This agreement brings a whole new level of opportunity to implement the latest and most effective solutions – in addition to the possibility of future projects with Boeing in the aerospace and defense industry.”