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Embraer Defense and Security signs contract to buy Orbisat (VIDEO)

São José dos Campos, Brazil - R$ 28.5 million-deal will increase the Company’s participation in the Brazilian Security System

Embraer Defense and Security (EDS) signed a contract to purchase 64.7% of the capital of the radar division of OrbiSat da Amazônia SA. The deal, which is valued at R$ 28.5 million, is an important strategic step to increase the participation of EDS in the Brazilian Security System. Founded in 1998, OrbiSat created a radar division, in 2002, to develop state-of-the-art technology to be applied to...

fra/pec - 1127009
Rome, Italy, 03/15/2011 15:25
AVIONEWS - World Aeronautical Press Agency

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