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Continuing the negotiations to validate the possible acquisition of control of Avibras by a Brazilian investor, representatives of the company and the investor presented a new proposal to the São José dos Campos Metalworkers' Union on Friday, November 22, in response to the agenda presented by the union on November 19.
Sensitive to the points raised by the workers, this proposal brought an important step forward in the negotiations, covering most of the demands made by the workers, such as a proposal for alternative and partial payment of the fines, progress in the negotiations to re-establish the health plan (the provider has already been contacted) and payment of the 13th salary on December 20, 2024 and the December salary on December 30, 2024, among other items on the agenda.
The new proposal is conditional on the eventual closing of the purchase of Avibras, the approval of the workers and the end of the strike. We reiterate that the union and the employees play an important role in the company's recovery process and their decision will be fundamental to the eventual closing of the acquisition or even to its unfeasibility.
After hearing the new tentative proposal presented, the union rejected it and brought a counter-proposal reiterating the items already requested at the previous meeting.
The company's representatives rejected the counter-proposal, and a new meeting has been scheduled for November 28.
Avibras and the investor remain confident and committed to concluding the transaction.
Further updates on the process will be shared in due course.
Press Office
November 22, 2024
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In order to validate the acquisition of control of Avibras by a Brazilian investor, representatives of the company and the investor met on Tuesday, November 19, with the São José dos Campos Metalworkers' Union to present the proposal for payment of labor debts, which is one of the conditions necessary to make the eventual closing feasible. The union and the employees are an important part of the company's recovery process and their decision will be decisive for the eventual closing of the acquisition or for its unfeasibility.
The necessary steps for the possible acquisition of the company are continuing and should be concluded in the coming weeks. The investor recognizes the viability of the company's recovery, but considers its financial situation to be critical, requiring the adoption of rigorous measures to enable its rescue and the resumption of activities as soon as possible.
The proposal presented is the result of the scenarios indicated by the business modeling and contemplates the majority of the union's and employees' demands. The union rejected the company's proposal and a new meeting has been scheduled for this Friday, November 22, at 2pm, to continue negotiations.
Meetings will also be held with the Lorena Metalworkers' Union and the São Paulo State Engineers' Union to negotiate.
Avibras and the investor are fully committed and confident in concluding the transaction, which could mark the end of the recovery process and the beginning of a new phase of growth for the company, continuing its legacy as one of Brazil's largest defense, technology and innovation companies.
Further information on the process will be released in due course.
Press Office
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Avibras informs that, as part of the ongoing process to enable and validate the acquisition of control of the company by Brazilian investors, representatives of the company and the investors took part on Friday, November 8, in meetings with the Metalworkers' Unions of São José dos Campos and Lorena, and with the Engineers' Union of the State of São Paulo, to listen to the organizations and, based on this dialogue, draw up a proposal for the resumption of operations in line with the business model under development.
A proposal in response to the union's demands will be presented at the next meeting pre-scheduled for November 19.
This was the first interaction between the investors' representative, Carlos Fortner, and the trade associations. The aim was to introduce him and start a constructive dialog about the resumption of the company's activities after the acquisition is completed, which can only be carried out once all the conditions set out in the agreement have been met.
Fortner is responsible for conducting due diligence, negotiating with the parties involved and building the business model with the support of specialized companies. A professional with solid experience in leadership and management in the public sector and in strategic organizations for Brazil's scientific and technological development, Fortner is a civil engineer with a degree from the Escola Politécnica (USP) and a commercial pilot of planes and helicopters.
Throughout his career he has held senior executive positions, demonstrating his competence in managing teams, administering budgets, leading innovation and strategic development initiatives, as well as his skills in planning and governance at various levels of administration.
He recently served as Director of Administration and Finance at the Center for Management and Strategic Studies, a social organization overseen by the Ministry of Science, Technology and Innovation. Previously, he was director of the National Institute of Information Technology, a body linked to the Ministry of Management and Innovation in Public Services.
He also held leadership positions at the Brazilian Post and Telegraph Company, where he was President and Vice-President of Operations and of Finance and Controllership. He was also Director of Information Management and Technology at the National Council for Scientific and Technological Development (CNPq) and Undersecretary for Planning, Budget and Administration at the Ministry of Science, Technology, Innovation and Communications.
The parties remain committed and are working together to conclude the transaction. New information on the process will be released in due course.
Press Office
08/11/24
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Avibras reports that it has made significant progress in its financial recovery process with the signing, on October 25, 2024, of an agreement for the acquisition of control of the company by a Brazilian investor, which will depend on the fulfillment of conditions for its conclusion.
At this stage, the necessary steps will be taken to complete and validate the acquisition, in order to reestablish the company's operations.
The signing of this agreement represents an important milestone in the company's restructuring process. The effective closing of the acquisition can only take place if all the conditions set out in the agreement are met.
The parties are working collaboratively and diligently to complete the transaction.
More information on the process will be released in due course.
Press Office
October 28, 2024
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Avibras informs that as of this date, Defendtex was not able to fulfill certain conditions precedent required to close a transaction. Nonetheless, the company continues supporting Defendtex’s efforts, without exclusivity.
Company remains committed to find a solution to its situation, and has now reinitiated negotiations with other interested parties, including with investors that have recently showed interest in a potential transaction.
Company shall keep the market informed on the developments.
Avibras Board
July 31, 2024
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Avibras Indústria Aeroespacial and DefendTex remain committed to concluding the acquisition process, in accordance with the investment agreement signed by the parties. The investment agreement which remains in force, will conclude on the 30th July (“closing” of the transaction) allowing a capital injection into Avibras Indústria Aeroespacial from this date and resumption of operations. The parties will release any new information as it arises.
About Avibras
Avibras is a Brazilian technology and innovation company with unique industrial capabilities, globally recognised for the excellence and quality of its products, systems, and engineering solutions in the Aerospace, Defense, Electronics, Vehicles, and Aeronautical sectors. With over 60 years of experience, Avibras has consolidated its position as one of the world's leading companies in the Defense and Aerospace segments.
About DefendTex
DefendTex is an international defense company headquartered in Australia and an established leader in multi-domain asymmetric warfare solutions. Providing world leading defense technologies, DefendTex’s capabilities include precision guided weapons, energetics, rocket manufacturing and loitering munitions. DefendTex has extensive experience in collaborative research, having commercialized ground breaking defense technologies.
Press Relations
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Avibras is present at LAAD Security & Defence 2024, held from April 2 to 4, in São Paulo. It is the main meeting point for networking and updating professionals working in the areas of security and defence in Latin America.
The event brings together national and international companies that provide technologies, equipment and services for Public Security, Police Forces, Special Forces, Armed Forces, Security Agencies, "Law Enforcement", Security Managers of large corporations, companies Service Concessionaires and Critical Infrastructure in Brazil and Latin America.
The Avibras Commercial team took the opportunity to present Avibras' technological solutions to the Ministry of Defence of Vietnam (photo). An excellent opportunity to promote your business, strengthen the relationship with friendly nations and partnerships in research, development and production of new solutions for the market.
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Avibras Indústria Aeroespacial and DefendTex hereby announce that they have been engaged in advanced discussions to facilitate a potential investment aimed at the economic and financial recovery of Avibras, with the goal of maintaining its manufacturing facilities in Brazil, resuming operations as soon as possible, and ensuring the fulfillment of contractual obligations with the Brazilian government and other clients.
Both companies are committed and diligently working to finalize the specific terms and conditions of the investment and will keep the market informed.
About Avibras
Avibras is a Brazilian technology and innovation company with unique industrial capabilities, globally recognized for the excellence and quality of its products, systems, and engineering solutions in the Aerospace, Defense, Electronics, Vehicles, and Aeronautical sectors. With over 60 years of experience, Avibras has consolidated its position as one of the world's leading companies in the Defense and Aerospace segments.
About DefendTex
DefendTex is an international defense company headquartered in Australia and an established leader in multi-domain asymmetric warfare solutions. Providing world leading defense technologies, DefendTex’s capabilities include precision guided weapons, energetics, rocket manufacturing and loitering munitions. DefendTex has extensive experience in collaborative research, having commercialized ground breaking defense technologies.
Press Relations
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This month, Avibras signed a memorandum of understanding with Excalibur International, from the Czech Republic, with a focus on partnerships for the development and manufacture of advanced defence equipment, as well as enabling the companies to participate in Brazilian Armed Forces projects such as the Brazilian Army's VBCOAP 155mm SR. This project involves the acquisition of 155mm wheeled self-propelled howitzer armored combat vehicles within the Strategic Armored Forces Army Program (Prg EE F BId).
For Avibras, it is very important to consolidate partnerships with strategic companies in order to boost cutting-edge technological knowledge both in Brazil and abroad, adding value to the company's business.
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Today we celebrate the 41st anniversary of the Alcântara Launch Center (CLA) in Maranhão.
As a participant in the Brazilian Space Program (PEB), it is an honor for us to be part of this history of achievements and advances in the space area.
Throughout these four decades, CLA has been a reference for the development of the Brazilian aerospace industry. And we had the privilege of participating in the launch of hundreds of rockets manufactured by Avibras, driving science and space research.
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On Monday, February 26, 2024, Avibras obtained a preliminary injunction in court, which annuls its elimination from the public selection for the Small Launch Vehicle (VLPP) project of Finep (Brazilian Funding Agency for Studies and Projects) for the launch of nano and/or microsatellites.
Avibras was selected in the process, but due to the Brazilian Federal Revenue Service (RFB) strike, the company was unable to present its tax clearance certificate in time and was disqualified. For this reason, the company filed a writ of mandamus at the beginning of February to annul its disqualification.
For Avibras, taking part in this project is fundamental to reinforcing its pioneering role in the Brazilian Space Programme (PEB) and its capabilities in this segment, as well as contributing, together with other partner companies, to Brazil's aerospace progress, the development of cutting-edge technology, the training of industry, institutes and launch centres, as well as fostering the country's international recognition in the aerospace sector.
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Avibras' recovery plan was approved by the Judiciary on Monday, February 19. The next step is for it to be published in the Diário Oficial do Estado (DOE). From there, the execution of the plan and the deadlines within the scope of the company's Judicial Recovery process will begin.
This is an important moment in the company's economic and financial restructuring process, which will give the company new prospects, including obtaining credit from financial institutions and development organizations.
We know that we have a long job ahead of us in implementing our plan, but we remain firm and confident in a new journey for the company.
We acknowledge and thank all our employees and their families, partners and customers for their support throughout Avibras' recovery process.
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Avibras Indústria Aeroespacial and Milanion NTGS have joined forces to develop and manufacture advanced defence equipment, offering important capabilities and innovative solutions to the Kingdom of Saudi Arabia and the region. The two companies participate together in the World Defence Show 2024 (WDS 2024), a specialized defence exhibition in Riyadh, Saudi Arabia, from February 4th to 8th, in Hall 1, stand F5.
The partnership also aims to contribute to Saudi Arabia's Vision 2030 program by offering high value-added defence systems and services that meet the needs and requirements of the Saudi Armed Forces.
Aware of the new demands of the global defence and security market, both Milanion NTGS and Avibras will showcase consolidated products and cutting-edge technologies at the exhibition, with Avibras showcasing its reformulated portfolio.
In addition to the ASTROS II MK6 (Rocket and Missile Artillery System), a world reference in its class and proven in combat, Avibras will also showcase the Tactical Cruise Missile (TCM) capable of neutralising targets up to 300 km; the new ASTROS AFC (Autonomous Firing Calculation), a version that offers excellent cost benefit, can be operated alone or in sections, has greater firepower and the ability to calculate firing elements, to fire and scoot ("Shoot & Scoot"); the C4 ISTAR, which is based on Avibras' decades of experience in the ASTROS Command and Control System, and has the interfaces for integrating the Intelligence, Surveillance, Target Search and Reconnaissance functions and their respective connection with higher echelon Command and Control Systems; and the ASTROS III, a new generation of launchers with multiplied firepower, capable of firing ballistic and guided rockets, as well as ballistic missiles and long range tactical cruise missiles.
With its participation in the World Defence Show, Avibras is strengthening its partnership with Milanion NTGS, an integrated technology and engineering company that serves the global defence and security sectors, with the aim of boosting cutting-edge technological knowledge in Brazil and abroad.
About Avibras
Avibras is a Brazilian technology and innovation company with unique industrial capacity and recognised worldwide for the excellence and quality of its products, systems and engineering solutions in the areas of Aeronautics, Space, Electronics, Vehicles and Defence.
With more than 60 years of operations and certified as a Strategic Defence Company (EED), Avibras has consolidated its position as one of the world's leading companies in the Defence and Aerospace segment, with the development and manufacture of special vehicles for military purposes, becoming a benchmark in the Multiple Rocket Launcher System (MRLS), ballistic and guided rockets, missiles and pioneering participation in space research programmes.
Known as a company that has "Competence to build Competence", Avibras is a System House and offers customised technological solutions to its customers, highlighting real diversification and spin-off opportunities in Defence, Space and Complex Systems Integration.
Headquartered in São José dos Campos, in Vale do Paraíba, the company is a pioneer in its own innovative and independent technology and operates from extensive facilities in Jacareí and Lorena. Its workforce is made up of highly qualified engineers, researchers and technicians capable of providing solutions for the most varied segments.
About Milanion NTGS
Milanion NTGS is an integrated technology and engineering company that serves the global defence and security sectors. Headquartered out of the UK, with R&D, engineering and manufacturing facilities in Spain and the UAE, the company designs, manufactures, delivers and supports advanced, multi-platform, mobile mortar systems and ammunition that are combat-proven and used by international customers.
Milanion NTGS was launched as a new and independent joint venture business between UK-based Milanion Technologies and Spanish defence firm, New Technologies Global Systems (NTGS).
Milanion NTGS draw on both companies recognised market leadership, expertise, and experience in their respective areas of focus. Milanion in the design, development and manufacture of advanced autonomous technology systems and platforms, combined with NTGS’s rich technological and engineering heritage in the design, manufacturing, and maintenance of complex battle systems, including special vehicles and armament systems.
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It was published this month in the Diário Oficial da União a regulation that authorizes Avibras to continue acting as a Cataloguing Unit for another two years.
The recertification as a leading UniCat in the Brazilian Defence Industrial Base (BID) is the result of an assessment carried out in November last year by the Defence Logistics Systems Support Centre (CASLODE), an agency of the Ministry of Defence.
At the time, the military delegation observed on site Avibras' excellence in providing this service (photo), with emphasis on the cataloguing processes, which are organised and structured, making Avibras a benchmark in this segment in Brazil and worldwide.
Avibras is the first private industry in Brazil to have the right to act as a UniCat with the Ministry of Defence, reinforcing its pioneering spirit and expertise in this area. UniCats are entities authorized to provide cataloguing services for supply items used by or of interest to the Armed Forces.
The company has been carrying out and selling the service since 2016. Cataloguing consists of collecting technical data to establish the identification of items and their ordering in the form of a North Atlantic Treaty Organization (NATO) catalogue, providing international visibility for products and prominence in the export scenario, as well as economic and operational benefits in the logistics area.
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It is with deep regret that we announce the passing of Mr Augusto Coimbra, Captain R/1, on Thursday, January 18. Commander Coimbra, as he was known to all, served as Vice-President Director of Avibras Naval from 1996 to 2020, contributing hard to the development of our company.
He also shared his rich experiences and achievements with us, as well as his valuable knowledge. He also played a key role in Avibras' participation in the Brazilian Navy's strategic projects, including the acquisition of the ASTROS MK6 for the Marine Corps (CFN).
We express our condolences to his family, friends and colleagues who had the opportunity to work with this excellent professional.
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Avibras attended the ceremony for the change of command of the Army Artillery Command at Forte Santa Bárbara, located in Formosa, Goiás, on Friday, January 19. Brigadier General Moisés da Paixão Júnior handed over the command to Brigadier General Erb Lyra Leal. The company was represented by the Institutional Relations advisor in Brasilia, Paulo Henrique Gabriel, Col R/1.
Avibras praises the excellent work carried out by General Paixão and the partnership throughout his time at the Army Artillery Command, wishing him every success in his new journey. The company also welcomes General Erb, reinforcing its support and partnership with the new Commander in his activities. The company wishes General Erb every success in his new career, which is sure to be full of achievements.
Avibras is proud to boost the deterrence capacity of Brazil's artillery with the ASTROS System. Conceived and developed by Avibras, the ASTROS System contributes to the evolution and consolidation of the Missile and Rocket Artillery, representing a technological leap in capacity, efficiency and effectiveness in fire support for the Ground Force. It also reinforces the Army's contribution to achieving the strategic objective of Extraregional Deterrence, as well as creating and maintaining highly specialised jobs, generating income and bringing in foreign currency for Brazil through exports to friendly countries.
Photo Caption:
* Institutional Relations advisor in Brasilia, Paulo Henrique Gabriel, Col R/1 with Brigadier General Erb Lyra Leal, new commander of the Army Artillery. On the right, Paulo Gabriel with Brigadier General Moisés da Paixão Júnior, who handed over command to General Erb
* ASTROS vehicles highlighted at handover ceremony
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It is with deep regret that we announce the passing of Mr Roberto Guimarães de Carvalho, a Reserve Army Colonel and former military artillery advisor at Avibras, on Saturday 23 December.
Colonel Carvalho was an exemplary professional, an Avibras enthusiast and played a fundamental role in our company in the 1980s with the structuring of the operational functionalities of the ASTROS Missile and Rocket Artillery System, which is still among the best in the world today.
We express our condolences to his family, friends and colleagues who shared significant moments with him during his time with us.
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