EMBR3 Embraer SA

   By Nathan Allen 
 

Thyssenkrupp AG (TKA.XE) said late Thursday that the Brazilian Navy has chosen its Aguas Azuis consortium to build four new corvette class vessels.

The consortium, which also includes Embraer SA's (EMBR3.BR) defense-and-security arm and its technology group Atech, will form a special-purpose company in Brazil to undertake the project.

Thyssenkrupp said the consortium will build the ships in the Alianca-Oceana shipyard in Santa Catarina state.

Neither company disclosed the value of the contract.

Write to Nathan Allen at nathan.allen@dowjones.com

(END) Dow Jones Newswires

March 29, 2019 05:56 ET (09:56 GMT)

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