Embraer to acquire majority stake in India's Novavayu Aerospace
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Embraer signed a contract on 9 October 2026 to purchase a 51% stake in Novavayu Aerospace Limited from Mahindra Defence Systems Limited.
The transaction, valued at about 510 million Indian rupees (roughly R$27–28 million), is expected to be completed by 1 December 2026; Novavayu, founded on 29 July 2026, had not generated revenue before the deal.
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