Embraer, Telebras in partnership to launch satellite company
On 1 August 2012, Embraer’s Executive Vice President of Finance and Investor Relations José Antônio Filippo announced that the government will issue US$24.5 million for Embraer and Telebras to initiate Visiona Tecnologia Espacial, an integrated satellite
company. The initial focus of the joint company is to provide support to the Brazilian Geostationary Satellite, a civil-military strategic communications satellite, which is projected to cost US$352 million. Visiona will be responsible for the absorption of
technologies from foreign companies that are contracted to supply parts of the satellite.
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