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Embraer SA (EMBR3) aims to start building ships for the Brazilian navy, newspaper O Globo reported, citing people in the company it didn’t identify.
Becoming a supplier for the navy may require acquiring or forming partnerships with existing shipyards, Globo columnist Flavia Oliveira reported. No partnerships or acquisitions have been made yet, the Rio de Janeiro-based newspaper said.
Embraer officials didn’t immediately respond to a phone message and e-mails from Bloomberg News seeking comment.
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