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Eve pronounces a Letter of Intent (LOI) for as much as 150 eVTOLs from collaboration between Embraer and BAE Techniques – sUAS Information

Eve Holding, Inc. (“Eve”) (NYSE: EVEX; EVEXW) introduced immediately on the Farnborough Airshow a non-binding Letter of Intent (“LOI”) with Embraer and BAE Techniques to discover the potential order of as much as 150 electrical vertical take-off and touchdown (eVTOL) autos with the purpose of inspecting the plane utility for the defence and safety market.  In a separate announcement, BAE Techniques and Embraer signed a Memorandum of Understanding (“MoU”) at Farnborough Worldwide Airshow to probably type a three way partnership to collaboratively develop an revolutionary defence eVTOL variant utilizing Eve’s platform.

“Groups from BAE Techniques and Embraer will proceed working collectively to discover how the plane, designed for the city mobility market, can present cost-effective, sustainable, and adaptable functionality as a protection variant,” mentioned Jackson Schneider, President and CEO of Embraer Protection & Safety.

“Our clients’ working surroundings is more and more complicated and eVTOL is only one instance of how we’re rising applied sciences, together with these from the industrial market. We’re exploring how we will adapt these options to deliver important operational functionality to our clients shortly and at a decrease value – while additionally supporting environmental and sustainability objectives,” commented Ian Muldowney, Chief Working Officer of BAE Techniques Air.

In December 2021, Embraer and BAE Techniques disclosed plans to collaborate on growing Eve’s eVTOL as a possible defence variant. This settlement reinforces the belief of the main aerospace organisations in Eve’s automobile and its adaptability for functions aside from city air mobility.

Andre Stein, Co-CEO of Eve, added: “We’re thrilled that Embraer and BAE Techniques have chosen Eve as their platform for this collaboration. Our eVTOL may be tailored to satisfy varied important purposes on this market, resembling humanitarian response and catastrophe reduction. This collaboration additionally signifies that the defence market may be extra sustainable and on the identical time permits Eve to stay targeted on exploring the City Air Mobility market.”

The potential order will likely be added to Eve’s present backlog of 1,910 eVTOLS, the biggest inside the Superior Air Mobility (AAM) business.

About Eve

Eve is devoted to accelerating the City Air Mobility ecosystem. Benefitting from a start-up mindset, backed by Embraer S.A.’s greater than 50-year historical past of aerospace experience, and with a singular focus, Eve is taking a holistic strategy to progressing the UAM ecosystem, with a sophisticated eVTOL venture, a complete international providers and help community and a novel air site visitors administration answer. Since Might 10, 2022, Eve is listed on the New York Inventory Trade the place its shares of frequent inventory and public warrants commerce underneath the tickers “EVEX” and “EVEXW”. For extra info, please go to

About Embraer

A worldwide aerospace firm headquartered in Brazil, Embraer has companies in Business and Govt, Protection & Safety and Agricultural Aviation. The corporate designs, develops, manufactures, and markets plane and methods, offering Companies & Help to clients after-sales.

Because it was based in 1969, Embraer has delivered greater than 8,000 plane. On common, about each 10 seconds an plane manufactured by Embraer takes off someplace on the earth, transporting over 145 million passengers a 12 months.

Embraer is the main producer of business jets as much as 150 seats and the primary exporter of excessive value-added items in Brazil. The corporate maintains industrial models, places of work, service, and elements distribution facilities, amongst different actions, throughout the Americas, Africa, Asia and Europe.

About BAE Techniques

BAE Techniques offers among the world’s most superior, technology-led defence, aerospace and safety options and employs a talented workforce of some 89,600 individuals in additional than 40 nations. Working with clients and native companions, we develop know-how that helps to save lots of lives, shield borders and other people, strengthen nations, and hold vital info and infrastructure safe.



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