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Portugal Announces Purchase of Five Embraer Cargo Planes for €827 Million

RIO DE JANEIRO, BRAZIL - The Portuguese government said on Thursday, July 11th, that it plans to acquire five KC-390 military cargo planes and an Embraer flight simulator. The transaction is worth €827 million (US$932 million).

This is the first sale of the model - the largest ever produced in Brazil -- to a foreign government. The KC model was developed to serve the Brazilian Air Force (FAB), which purchased 28 units in 2014.

According to Portuguese Defense Minister . . .

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