As a result, Avibras will hold a 9% stake of the company, where AEL Systems will hold 40%. Embraer Defense and Security will remain the majority shareholder, with 51%.
By the agreement between the three companies, Harpia will also have the Falcão Project in its product line, which will increase national content to the partnership. Avibras is developing the Falcão for the use of the Brazilian Air Force. It will be able to perform reconnaissance, target acquisition, directional shooting support, damage assessment, and ground and sea surveillance missions.
“Avibras’ participation increases domestic shareholding in Harpia Systems, which will now meet all requirements of a Strategic Defense Company, in accordance with Law 12.598,” says Luiz Carlos Aguiar, president of Embraer Defense and Security and Chairman of the Board of Directors of Harpia. “In addition, Avibras will bring additional technical competence to Harpia.”
“The synergy of the technical competences of Harpia’s three affiliates, added to the Falcão Project and its legacy of high domestic technological content, will result in a highly competitive UAS solution in Brazil and abroad,” said Sami Hassuani, President of Avibras.
“Avibras brings to the company the best in know-how that was developed independently in Brazil regarding unmanned aircraft. This makes Harpia, which already enjoyed the extensive capabilities of Embraer and AEL, a company that brings together all elements necessary for the successful development in Brazil of state-of-the-art UAS that will meet our country’s needs,” says Shlomo Erez, President of AEL Systems, Inc.