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Tuesday, September 29, 2026

Defense Monitor South Africa

South Africa works on a strategic industrial partnership with Brazil’s Embraer

By · May 24, 2023 · 3 min read

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By Roberto Caiafa

South African Minister of Defense and Military Veterans Thandi Modise said in a speech to Parliament’s Defense and Military Veterans Committee in Cape Town that she intends to announce a partnership with Brazil’s largest aerospace and defense group, Embraer, and its Embraer Defesa e Segurança division.

The minister said the partnership would involve manufacturing and repairing aircraft in South Africa, which would require a new financial investment by the South African government in its aerospace and defense industry, which was hard hit by an unprecedented crisis.

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The minister gave no further details, despite questions from the local press.

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The partnership would be aimed at meeting the demands of the South African National Defense Forces (Sandf).

Embraer is the world’s third-largest commercial aircraft manufacturer, specializing in 150 or fewer-seat models.

It is also a major producer of business jets and agricultural aircraft in the civil sector.

Its defense portfolio includes the A-29 Super Tucano, a modern light attack turboprop and advanced trainer aircraft, and the KC-390 Millennium airlifter and in-flight refueling aircraft.

South African Minister of Defense and Military Veterans, Ms. Thandi Modise

The Brazilian aerospace giant also manufactures Gripen E single-seat fighters and is playing an important role in the development of the Gripen F two-seat version, under license from the Swedish company SAAB (two-seat aircraft are exclusive to the Brazilian Air Force, until now).

It is also active in the area of defense electronics, with emphasis on radar systems such as the M200 Vigilante, and in the space sector through Visiona.

The M200 Vigilante radar prototype is under development

Before referring to Brazil’s Embraer, Modise stated that the local defense industry was important to South Africa.

“We are looking at partnerships with industries in other countries as a strategy to revive the state-owned Denel defense industrial group,” she said.

Regarding Armscor, South Africa’s defense acquisition, divestment, research and development agency, the minister said the state-owned company was on the road to recovery and that the South African government would be “compelled” to invest more in defense research and technology development and intellectual property development.

Modise states that “the main focus of the partnerships is to renew the Sandf’s assets, especially warships (Emgepron) and airlifters (KC-390), as well as to create a Rapid Reaction Force (A-29 Super Tucano), among other priorities.”

A new and forthcoming South African National Security Policy document is being drafted and presented to the South African Cabinet in 2024.

“This document should substantially assist in materializing these planned acquisitions and partnerships,” concluded the South African minister.

With information from Infodefensa

News Brazil, English news Brazil, Brazilian Embraer

Live Company IntelligenceEmbraer SA ADR — the full investor dossierInside: live share price, market cap, three-year financials, valuation, ESG and peer benchmarks — plus the latest Rio Times coverage.
E
◆ Live Company Intelligence
Embraer
NYSE: ERJEMBJ3IndustrialsAerospace & Defense20,923 employees
$12.33B
Market cap
Analyst target $68.50

Wall Street view

3.9Moderate Buy/ 5
10 Buy3 Hold1 Sell
Avg. price target $68.50  ·  +30% vs 200-day

Valuation & profitability

Market cap$12.33B
Revenue (TTM)$39.80B
P / E ratio37.7
Profit margin5.4%
Return on equity11.3%

Price & risk

52-wk low
$55.56
52-wk high
$66.87
Beta (volatility)0.92
200-day average$52.79

Revenue trend · 6y

20192024
Latest $6.39B

Ownership

Institutions46.0%
Shares outstanding183M
Top holderGQG Partners LLC
Institutional holders5+ funds

Dividend

Yield0.1%
Payout ratio31.0%
Fwd. annual$0.05
What Embraer does. Embraer S.A., together with its subsidiaries, designs, develops, manufactures, and sells aircraft and systems worldwide. It operates through Commercial Aviation; Defense & Security; Executive Aviation; Services & Support; and Other segments. The Commercial Aviation segment develops, produces, and sells commercial jets. Its Defense & Security segment develops and produces military aircraft and…
Data: RT fundamentals (ERJ.US) · figures in USD · as of 29 Sep 2026More company intelligence →

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