SAO PAULO — Brazilian aircraft manufacturer Embraer said Friday that it has created a new subsidiary to serve the country's defense and security industry.
The subsidiary will focus on helping Brazil "strengthen its defense industry," Embraer president Frederico Fleury Curado said in a statement posted to the company's website.
"Brazil has a growing relevant role on the global geopolitical scenario and has established a long-term vision for strengthening its defense industry," he said.
The defense and security business is expected to earn more than $882 million in 2011, according to chief financial officer Luiz Carlos Aguiar. The company said it aims to meet Brazilian demand as well as boost exports, Aguiar said in the statement.
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More than 30 defense forces worldwide operate with Embraer products and systems, the company said.
Embraer currently produces six aircraft used for defense and security purposes: the Super Tucano light-attack aircraft for pilot training; an early warning and control aircraft; a remote sensing and ground surveillance and intelligence plane; a maritime patrol and anti-submarine warfare aircraft; and two military transport models.