Sierra Nevada, Embraer Win U.S. Contract With $950 Million Value
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Sierra Nevada Corp. and Embraer SA, its Brazilian subcontractor, beat Beechcraft Corp. in a fight for a U.S. military contract valued at as much as $950 million.
The winners will provide aircraft for the Afghan military. The Air Force’s initial order is for 20 of Embraer’s A-29 Super Tucano turboprops, maintenance support and training, for $427 million, the Defense Department said yesterday in a statement.