Embraer to invest $390 million, hire 900 employees in 2024

Embraer will invest approximately $390 million throughout the remainder of the year. The announcement was made during President of Brazil Luiz Inacio Lula da Silva’s visit to the company’s headquarters in Sao Jose dos Campos. The investment includes research and development for new technologies such as eVTOLs, as well as the expansion of aeronautical services, including passenger to cargo aircraft conversion, defence and security, and efficiency improvement projects, and expanding its industrial activities. Embraer will also hire around 900 new employees; 90% of hires are expected to occur in 2024. The investment and additional jobs are intended to support Embraer’s