Paris, France, June 15, 2015 – Embraer announced today the completion of its acquisition of a new subsidiary, Embraer Aero Seating Technologies. Embraer progressively acquired its ownership stake in the Company, headquartered in Irwindale, California, which provides luxury seating solutions for the aviation industry.
Embraer further announced today a new manufacturing facility for this business to be based in Titusville, Florida in Brevard County. The project, which was presented by Florida Governor Rick Scott at the Florida Pavilion inauguration event at the 51st International Paris Air Show, represents the eventual addition of 150 jobs to the Company’s existing employee base, over the next four years.
The new Florida facility will produce seating solutions for various Embraer products, with the design and some manufacturing functions remaining in place at the Company’s headquarters in California. The seats feature high quality, ergonomic comfort and lightweight construction, with innovative designs and features for the ultimate cabin experience.
“The new Embraer Aero Seating Technologies is focused on the design, development and production of luxury aircraft seating solutions,” said Frederico Fleury Curado, Embraer President & CEO. “With the support of Enterprise Florida, the Florida Department of Economic Opportunity, Brevard County, the Economic Development Commission of Florida’s Space Coast and the North Brevard Economic Development Zone (NBEDZ), we are proud to grow this operation to include the great state of Florida.”
“Embraer’s footprint in Florida continues to grow and we are excited to announce this additional investment and creation of new jobs in our state,” said Florida Governor Rick Scott. “By removing the sales tax on manufacturing equipment last year, we are signaling to businesses across the world that Florida has a competitive advantage over other locations, and companies like Embraer know that our state is the best place to grow and create jobs. We are here in Paris today to share our success with companies from across the world, and we will continue to do all we can to make Florida the global destination for jobs.”
“Embraer’s continued commitment to Florida is incredibly important and we thank them for being a tremendous partner and job creator, said Bill Johnson, Secretary of Commerce and President & CEO of Enterprise Florida, Inc. “This latest expansion helps us better tell Florida’s business story not only at home, but particularly this week at an important event like the Paris Air Show. Embraer’s success and growth helps us tout Florida’s position as a global leader in aviation.”
“Embraer’s continued growth in Brevard County is further evidence that Florida is a top destination for the aerospace and manufacturing industries,” said Jesse Panuccio, Executive Director of the Florida Department of Economic Opportunity. “The Scott Administration will continue to support the pro-growth, low-tax policies that foster these kinds of business expansions.”
“We are very pleased that Embraer chose to locate this facility in North Brevard and within the county-owned Spaceport Commerce Park in Titusville specifically,” said Robin Fisher, Brevard County District 1 Commissioner. “Through the combined efforts of the Economic Development Commission, the NBEDZ, and the City of Titusville we were able to land this deal in a competitive market. We now look forward to the creation of good-paying jobs for the area.”
“The availability of the incentives from NBEDZ were a significant factor in winning this competitive project,” said George Mikitarian, NBEDZ Board Chairman. “The impact from this project will be seen in both North Brevard and throughout the County.”
“The Economic Development Commission and the NBEDZ worked together to provide a competitive package for this project,” said Lynda Weatherman, President & CEO of the Economic Development Commission of Florida’s Space Coast. “With the additional resources available through the NBEDZ, we were able to bring this opportunity to fruition.”
The new 50,000 square-foot facility is expected to be operational by the second semester of 2016.
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Note to Editors
Embraer S.A. (NYSE: ERJ; BM&FBOVESPA: EMBR3) is the world’s largest manufacturer of commercial jets up to 130 seats, and one of Brazil’s leading exporters. Embraer’s headquarters are located in São José dos Campos, São Paulo, and it has offices, industrial operations and customer service facilities in Brazil, China, France, Portugal, Singapore, and the U.S. Founded in 1969, the Company designs, develops, manufactures and sells aircraft and systems for the commercial aviation, executive aviation, and defense and security segments. It also provides after sales support and services to customers worldwide. For more information, please visit www.embraer.com.br.
This document may contain projections, statements and estimates regarding circumstances or events yet to take place. These projections and estimates are based largely on current expectations, forecasts of future events and financial trends that affect Embraer’s businesses. Those estimates are subject to risks, uncertainties and suppositions that relate to, among others: general economic, political and trade conditions in Brazil and in those markets where Embraer does business; expectations of industry trends; the Company’s investment plans; its capacity to develop and deliver products on the dates previously agreed upon, and existing and future governmental regulations. The words “believe”, “may”, “is able”, “will be able”, “intend”, “continue”, “anticipate”, “expect” and other similar terms are intended to identify potentialities. Embraer does not undertake to publish updates nor to revise any estimates due to new information, future events or any other facts. In view of the inherent risks and uncertainties, such estimates, events and circumstances may not take place. The actual results may therefore differ substantially from those previously published as Embraer expectations.