IBOV 169,813 ▲ 0.68% IPSA 10,501 ▲ 3.32% IPC MEX 65,409 ▼ 0.44% MERVAL 3,150,727 ▲ 1.24% COLCAP 2,252.33 ▲ 2.71% BVL PERÚ 34,937.73 ▲ 0.29% USD/BRL 5.18 ▼ 0.35% USD/MXN 17.44 ▼ 0.15% USD/CLP 916.52 ▼ 0.69% USD/COP 3,566 ▼ 1.05% USD/PEN 3.39 ▼ 2.39% USD/ARS 1,441 ▼ 0.38% USD/UYU 40.50 ▲ 1.57% USD/PYG 6,138 ▲ 2.26% USD/BOB 6.86 ▲ 1.79% USD/DOP 58.11 ▲ 0.19% USD/CRC 455.55 ▲ 1.67% USD/GTQ 7.62 ▲ 2.18% USD/HNL 26.64 ▲ 0.04% USD/NIO 36.62 ▲ 0.31% USD/VES 571.25 ▲ 0.75% USD/PAB 1.00 ▲ 2.30% USD/BZD 2.00 ▲ 1.74% USD/JMD 156.99 ▲ 0.53% USD/TTD 6.70 ▲ 0.91% EUR/BRL 5.97 ▲ 0.16% BRENT 92.34 ▼ 2.03% WTI 88.99 ▼ 2.53% IRON ORE 161.91 — — COPPER 6.32 ▼ 0.17% GOLD 4,205 ▼ 3.02% SILVER 64.36 ▼ 5.94% SOY 1,116 ▲ 0.02% CORN 419.00 ▲ 0.06% WHEAT 587.75 ▲ 0.77% COFFEE 245.20 ▼ 0.28% SUGAR 14.14 ▲ 0.14% ORANGE JUICE 170.60 ▲ 6.23% COTTON 76.24 ▲ 3.88% COCOA 3,883 ▲ 1.36% BEEF 239.70 ▼ 2.77% CATTLE 354.15 ▲ 0.98% LITHIUM 78.61 ▲ 1.97% PETR4 41.17 ▼ 0.12% VALE3 78.50 ▲ 0.55% ITUB4 39.22 ▲ 1.82% BBDC4 17.43 ▲ 1.34% ABEV3 16.21 ▲ 0.81% BBAS3 19.11 ▲ 0.05% B3SA3 15.39 ▲ 1.12% WEGE3 43.33 ▼ 1.52% PRIO3 61.80 ▼ 1.18% SUZB3 42.05 ▲ 0.19% RENT3 40.85 ▲ 1.69% AZZA3 17.24 ▲ 0.82% CSAN3 3.40 ▼ 0.87% RAIZ4 0.46 ▲ 4.55% PCAR3 1.59 ▼ 7.56% GMAT3 4.02 ▼ 0.99% PSSA3 48.66 ▲ 1.63% CVCB3 1.42 — 0.00% POSI3 3.45 ▲ 1.47% SLCE3 14.56 ▲ 0.76% NATU3 9.20 ▼ 2.75% BRKM5 9.24 ▲ 3.82% RANI3 7.96 ▲ 1.53% CSNA3 6.07 ▲ 2.88% CMIN3 4.35 ▲ 0.93% USIM5 11.12 ▼ 0.54% GGBR4 23.47 ▼ 0.89% ENEV3 24.70 ▲ 3.13% NEOE3 33.80 — 0.00% CPFE3 43.60 ▲ 2.13% CMIG4 10.81 ▲ 0.46% EQTL3 38.76 ▲ 0.41% LREN3 15.01 ▲ 0.27% VIVT3 32.95 ▼ 1.14% RAIL3 13.49 ▼ 0.22% KLABIN 17.04 ▼ 0.47% RAIA DROGASIL 18.10 ▲ 1.46% RDOR3 33.34 ▲ 1.89% HAPV3 11.38 ▲ 4.50% FLRY3 15.21 ▲ 4.11% SMTO3 17.20 ▼ 0.06% UGPA3 25.28 ▲ 2.43% VBBR3 29.40 ▲ 2.40% BBSE3 36.25 ▲ 1.06% BPAC11 50.85 ▲ 0.69% CURY3 30.20 ▲ 4.17% AERI3 2.30 ▲ 1.32% VIVARA 21.00 ▲ 2.44% COMPASS 25.05 ▲ 2.24% VAMOS 2.89 ▼ 1.03% SANB11 27.17 ▲ 1.46% ASAI3 8.39 ▼ 0.71% SBSP3 27.69 ▲ 1.54% WALMEX 50.58 ▼ 1.50% GMEXICO 201.75 ▼ 0.10% FEMSA 212.55 ▼ 0.35% CEMEX 21.10 ▼ 0.09% GFNORTE 174.27 ▼ 0.58% BIMBO 55.65 ▼ 0.41% TELEVISA 9.76 ▲ 4.95% AMX 22.05 ▲ 1.57% GAP 394.73 ▲ 0.66% ASUR 278.13 ▼ 1.32% OMA 210.44 ▼ 0.36% KOF 181.35 ▼ 0.94% GRUMA 292.14 ▲ 0.53% KIMBER 36.16 ▼ 2.11% SQM-B 69,065 ▲ 3.31% COPEC 6,120 ▲ 2.33% BSANTANDER 72.10 ▲ 5.26% FALABELLA 5,740 ▲ 2.87% ENELAM 75.42 ▲ 0.29% CENCOSUD 2,105 ▼ 0.24% CMPC 1,048 ▲ 1.75% BANCO CHILE 175.90 ▲ 5.33% LATAM AIR 22.61 ▲ 3.67% YPF 81,325 ▼ 0.76% GGAL 7,545 ▲ 2.79% PAMPA 5,030 ▲ 0.20% TXAR 685.00 ▼ 0.44% ALUAR 1,008 ▲ 1.05% TGS 9,035 ▲ 0.28% CEPU 2,252 ▲ 0.99% MIRGOR 16,725 ▼ 0.89% COME 43.89 ▼ 0.57% LOMA NEGRA 3,523 ▲ 5.54% BYMA 285.00 ▲ 0.62% TELECOM ARG 4,285 ▲ 6.00% ECOPETROL 15.89 ▲ 3.49% BANCOLOMBIA 74.90 ▲ 4.32% GRUPO AVAL 5.09 ▲ 4.73% CREDICORP 349.61 ▲ 9.29% SOUTHERN COPPER 175.17 ▲ 2.75% BUENAVENTURA 30.99 ▲ 2.51% MERCADOLIBRE 1,641 ▲ 1.81% NUBANK 11.88 ▲ 2.41% XP 15.64 ▲ 2.49% PAGSEGURO 8.74 ▲ 2.46% STONE 10.66 ▲ 0.85% GLOBANT 37.47 ▼ 1.83% TECNOGLASS 43.59 ▲ 2.95% GAP AIRPORT 226.18 ▲ 0.75% ASUR 278.13 ▼ 1.32% OMA AIRPORT 96.70 ▼ 0.19% AMX ADR 25.28 ▲ 1.67% FEMSA ADR 122.20 ▼ 0.25% CEMEX ADR 12.08 ▲ 0.33% PETROBRAS ADR 17.82 ▲ 0.39% VALE ADR 15.14 ▲ 1.00% ITAU ADR 7.53 ▲ 1.35% SANTANDER BR 5.29 ▲ 1.34% AMBEV ADR 3.12 — 0.00% CSN 1.17 ▲ 1.74% GERDAU 4.56 ▼ 0.22% LATAM ADR 49.27 ▲ 4.79% BTC 61,445 ▼ 2.61% ETH 1,630 ▼ 3.55% SOL 64.67 ▼ 3.18% XRP 1.12 ▼ 3.88% BNB 588.90 ▼ 2.12% ADA 0.16 ▼ 3.72% DOGE 0.08 ▼ 2.37% AVAX 6.60 ▼ 2.34% LINK 7.77 ▼ 2.70% DOT 0.95 ▼ 2.31% LTC 42.73 ▼ 0.78% BCH 201.20 ▼ 3.81% TRX 0.32 ▼ 1.52% XLM 0.19 ▼ 6.68% HBAR 0.08 ▼ 3.16% NEAR 2.17 ▲ 1.81% ATOM 1.78 ▲ 1.13% AAVE 61.78 ▼ 2.47% SELIC 14.50% EMBRAER 72.73 ▼ 0.97% EMBRAER ADR 56.26 ▼ 0.50% JBS 11.85 ▲ 1.98% JBS BDR 61.07 ▲ 1.33% MBRF3 15.48 ▼ 0.32% MBRFY 2.93 ▲ 2.81% INTER 5.67 ▲ 1.80% EGX 52,375 ▲ 0.95% USD/ZAR 16.53 ▲ 0.04% USD/NGN 1,358 — 0.00% NIKKEI 64,733 ▼ 1.04% CSI300 4,757 ▼ 0.93% HSI 24,352 ▼ 0.87% NIFTY 23,242 ▲ 0.52% KOSPI 7,822 ▼ 3.40% JCI 5,801 ▲ 0.94% USD/JPY 160.33 ▲ 0.01% USD/CNY 6.7744 ▲ 0.04% DAX 24,433 ▼ 0.74% CAC 8,203 ▲ 0.05% FTSE 10,227 ▼ 1.41% MIB 50,263 ▲ 0.11% IBEX 18,175 ▼ 0.27% STOXX 618.64 ▼ 0.50% EUR/USD 1.1546 ▲ 0.04% GBP/USD 1.3380 ▲ 0.04% SPX 7,387 ▼ 0.26% DJI 50,872 ▲ 0.17% NDX 29,085 ▼ 1.12% RUT 2,867 ▲ 0.41% TSX 34,412 ▼ 0.19% VIX 19.87 ▲ 5.02% USD/CAD 1.3949 ▲ 0.04% US10Y 4.5280 ▼ 0.53% IBOV 169,813 ▲ 0.68% IPSA 10,501 ▲ 3.32% IPC MEX 65,409 ▼ 0.44% MERVAL 3,150,727 ▲ 1.24% COLCAP 2,252.33 ▲ 2.71% BVL PERÚ 34,937.73 ▲ 0.29% USD/BRL 5.18 ▼ 0.35% USD/MXN 17.44 ▼ 0.15% USD/CLP 916.52 ▼ 0.69% USD/COP 3,566 ▼ 1.05% USD/PEN 3.39 ▼ 2.39% USD/ARS 1,441 ▼ 0.38% USD/UYU 40.50 ▲ 1.57% USD/PYG 6,138 ▲ 2.26% USD/BOB 6.86 ▲ 1.79% USD/DOP 58.11 ▲ 0.19% USD/CRC 455.55 ▲ 1.67% USD/GTQ 7.62 ▲ 2.18% USD/HNL 26.64 ▲ 0.04% USD/NIO 36.62 ▲ 0.31% USD/VES 571.25 ▲ 0.75% USD/PAB 1.00 ▲ 2.30% USD/BZD 2.00 ▲ 1.74% USD/JMD 156.99 ▲ 0.53% USD/TTD 6.70 ▲ 0.91% EUR/BRL 5.97 ▲ 0.16% BRENT 92.34 ▼ 2.03% WTI 88.99 ▼ 2.53% IRON ORE 161.91 — — COPPER 6.32 ▼ 0.17% GOLD 4,205 ▼ 3.02% SILVER 64.36 ▼ 5.94% SOY 1,116 ▲ 0.02% CORN 419.00 ▲ 0.06% WHEAT 587.75 ▲ 0.77% COFFEE 245.20 ▼ 0.28% SUGAR 14.14 ▲ 0.14% ORANGE JUICE 170.60 ▲ 6.23% COTTON 76.24 ▲ 3.88% COCOA 3,883 ▲ 1.36% BEEF 239.70 ▼ 2.77% CATTLE 354.15 ▲ 0.98% LITHIUM 78.61 ▲ 1.97% PETR4 41.17 ▼ 0.12% VALE3 78.50 ▲ 0.55% ITUB4 39.22 ▲ 1.82% BBDC4 17.43 ▲ 1.34% ABEV3 16.21 ▲ 0.81% BBAS3 19.11 ▲ 0.05% B3SA3 15.39 ▲ 1.12% WEGE3 43.33 ▼ 1.52% PRIO3 61.80 ▼ 1.18% SUZB3 42.05 ▲ 0.19% RENT3 40.85 ▲ 1.69% AZZA3 17.24 ▲ 0.82% CSAN3 3.40 ▼ 0.87% RAIZ4 0.46 ▲ 4.55% PCAR3 1.59 ▼ 7.56% GMAT3 4.02 ▼ 0.99% PSSA3 48.66 ▲ 1.63% CVCB3 1.42 — 0.00% POSI3 3.45 ▲ 1.47% SLCE3 14.56 ▲ 0.76% NATU3 9.20 ▼ 2.75% BRKM5 9.24 ▲ 3.82% RANI3 7.96 ▲ 1.53% CSNA3 6.07 ▲ 2.88% CMIN3 4.35 ▲ 0.93% USIM5 11.12 ▼ 0.54% GGBR4 23.47 ▼ 0.89% ENEV3 24.70 ▲ 3.13% NEOE3 33.80 — 0.00% CPFE3 43.60 ▲ 2.13% CMIG4 10.81 ▲ 0.46% EQTL3 38.76 ▲ 0.41% LREN3 15.01 ▲ 0.27% VIVT3 32.95 ▼ 1.14% RAIL3 13.49 ▼ 0.22% KLABIN 17.04 ▼ 0.47% RAIA DROGASIL 18.10 ▲ 1.46% RDOR3 33.34 ▲ 1.89% HAPV3 11.38 ▲ 4.50% FLRY3 15.21 ▲ 4.11% SMTO3 17.20 ▼ 0.06% UGPA3 25.28 ▲ 2.43% VBBR3 29.40 ▲ 2.40% BBSE3 36.25 ▲ 1.06% BPAC11 50.85 ▲ 0.69% CURY3 30.20 ▲ 4.17% AERI3 2.30 ▲ 1.32% VIVARA 21.00 ▲ 2.44% COMPASS 25.05 ▲ 2.24% VAMOS 2.89 ▼ 1.03% SANB11 27.17 ▲ 1.46% ASAI3 8.39 ▼ 0.71% SBSP3 27.69 ▲ 1.54% WALMEX 50.58 ▼ 1.50% GMEXICO 201.75 ▼ 0.10% FEMSA 212.55 ▼ 0.35% CEMEX 21.10 ▼ 0.09% GFNORTE 174.27 ▼ 0.58% BIMBO 55.65 ▼ 0.41% TELEVISA 9.76 ▲ 4.95% AMX 22.05 ▲ 1.57% GAP 394.73 ▲ 0.66% ASUR 278.13 ▼ 1.32% OMA 210.44 ▼ 0.36% KOF 181.35 ▼ 0.94% GRUMA 292.14 ▲ 0.53% KIMBER 36.16 ▼ 2.11% SQM-B 69,065 ▲ 3.31% COPEC 6,120 ▲ 2.33% BSANTANDER 72.10 ▲ 5.26% FALABELLA 5,740 ▲ 2.87% ENELAM 75.42 ▲ 0.29% CENCOSUD 2,105 ▼ 0.24% CMPC 1,048 ▲ 1.75% BANCO CHILE 175.90 ▲ 5.33% LATAM AIR 22.61 ▲ 3.67% YPF 81,325 ▼ 0.76% GGAL 7,545 ▲ 2.79% PAMPA 5,030 ▲ 0.20% TXAR 685.00 ▼ 0.44% ALUAR 1,008 ▲ 1.05% TGS 9,035 ▲ 0.28% CEPU 2,252 ▲ 0.99% MIRGOR 16,725 ▼ 0.89% COME 43.89 ▼ 0.57% LOMA NEGRA 3,523 ▲ 5.54% BYMA 285.00 ▲ 0.62% TELECOM ARG 4,285 ▲ 6.00% ECOPETROL 15.89 ▲ 3.49% BANCOLOMBIA 74.90 ▲ 4.32% GRUPO AVAL 5.09 ▲ 4.73% CREDICORP 349.61 ▲ 9.29% SOUTHERN COPPER 175.17 ▲ 2.75% BUENAVENTURA 30.99 ▲ 2.51% MERCADOLIBRE 1,641 ▲ 1.81% NUBANK 11.88 ▲ 2.41% XP 15.64 ▲ 2.49% PAGSEGURO 8.74 ▲ 2.46% STONE 10.66 ▲ 0.85% GLOBANT 37.47 ▼ 1.83% TECNOGLASS 43.59 ▲ 2.95% GAP AIRPORT 226.18 ▲ 0.75% ASUR 278.13 ▼ 1.32% OMA AIRPORT 96.70 ▼ 0.19% AMX ADR 25.28 ▲ 1.67% FEMSA ADR 122.20 ▼ 0.25% CEMEX ADR 12.08 ▲ 0.33% PETROBRAS ADR 17.82 ▲ 0.39% VALE ADR 15.14 ▲ 1.00% ITAU ADR 7.53 ▲ 1.35% SANTANDER BR 5.29 ▲ 1.34% AMBEV ADR 3.12 — 0.00% CSN 1.17 ▲ 1.74% GERDAU 4.56 ▼ 0.22% LATAM ADR 49.27 ▲ 4.79% BTC 61,445 ▼ 2.61% ETH 1,630 ▼ 3.55% SOL 64.67 ▼ 3.18% XRP 1.12 ▼ 3.88% BNB 588.90 ▼ 2.12% ADA 0.16 ▼ 3.72% DOGE 0.08 ▼ 2.37% AVAX 6.60 ▼ 2.34% LINK 7.77 ▼ 2.70% DOT 0.95 ▼ 2.31% LTC 42.73 ▼ 0.78% BCH 201.20 ▼ 3.81% TRX 0.32 ▼ 1.52% XLM 0.19 ▼ 6.68% HBAR 0.08 ▼ 3.16% NEAR 2.17 ▲ 1.81% ATOM 1.78 ▲ 1.13% AAVE 61.78 ▼ 2.47% SELIC 14.50% EMBRAER 72.73 ▼ 0.97% EMBRAER ADR 56.26 ▼ 0.50% JBS 11.85 ▲ 1.98% JBS BDR 61.07 ▲ 1.33% MBRF3 15.48 ▼ 0.32% MBRFY 2.93 ▲ 2.81% INTER 5.67 ▲ 1.80% EGX 52,375 ▲ 0.95% USD/ZAR 16.53 ▲ 0.04% USD/NGN 1,358 — 0.00% NIKKEI 64,733 ▼ 1.04% CSI300 4,757 ▼ 0.93% HSI 24,352 ▼ 0.87% NIFTY 23,242 ▲ 0.52% KOSPI 7,822 ▼ 3.40% JCI 5,801 ▲ 0.94% USD/JPY 160.33 ▲ 0.01% USD/CNY 6.7744 ▲ 0.04% DAX 24,433 ▼ 0.74% CAC 8,203 ▲ 0.05% FTSE 10,227 ▼ 1.41% MIB 50,263 ▲ 0.11% IBEX 18,175 ▼ 0.27% STOXX 618.64 ▼ 0.50% EUR/USD 1.1546 ▲ 0.04% GBP/USD 1.3380 ▲ 0.04% SPX 7,387 ▼ 0.26% DJI 50,872 ▲ 0.17% NDX 29,085 ▼ 1.12% RUT 2,867 ▲ 0.41% TSX 34,412 ▼ 0.19% VIX 19.87 ▲ 5.02% USD/CAD 1.3949 ▲ 0.04% US10Y 4.5280 ▼ 0.53%
since 2009
Wednesday, June 10, 2026

Revamping Saudi Air Force with Brazilian Tech

By · January 8, 2024 · 2 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

In a significant move, Saudi Arabia is reportedly considering replacing its fleet of 42 C-130 Hercules with 33 Embraer C-390 Millennium aircraft.

This decision, reflecting a strategic pivot in defense aviation, could profoundly impact the global aerospace industry, particularly affecting U.S. manufacturer Lockheed Martin.

The proposed acquisition, negotiated through Saudi Arabia’s investment fund SAMI, aims to modernize the Royal Saudi Air Force (RSAF).

This change isn’t just about new aircraft; it involves building comprehensive infrastructure in Saudi Arabia.

This setup will ensure thorough training for personnel and proper maintenance of the new fleet.

Negotiations include plans for a Maintenance, Repair, and Overhaul (MRO) center and a Final Assembly Line (FAL) for the Embraer C-390 Millennium.

This development, first hinted at in November 2023, gained momentum with Saudi Arabia joining the BRICS organization, an intergovernmental group comprising ten countries.

RTAsk Rio TimesHave a question about Brazil or Latin America? Get a straight answer from our reporting.Start asking →

The BRICS nations, holding significant global influence, include Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE.

Their collective presence in the global economy is substantial, with a considerable share of the world’s population and land area.

BRICS bloc holds significant global influence

Saudi Arabia’s decision to opt for the Brazilian-made C-390 Millennium over the U.S.-made C-130 Hercules signifies a shift in defense procurement preferences.

The C-390, known for its advanced capabilities and efficiency, offers superior performance compared to the older C-130 model.

This includes greater payload capacity, extended range, and faster speeds alongside reduced maintenance requirements.

This pivot to the C-390 Millennium by Saudi Arabia could set a precedent in the defense aviation sector, potentially influencing other countries’ procurement decisions.

The move illustrates the evolving dynamics of global defense relationships and the competitive nature of the aerospace industry.

As Saudi Arabia embarks on this modernization journey, it marks a new chapter in defense aviation, showcasing the growing prominence of emerging aerospace manufacturers on the global stage.

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.