Brazil's Embraer (ERJ) says it is preparing a bid to sell light attack aircraft to the U.S. Air...

|About: Embraer S.A. (ERJ)|By:, SA News Editor

Brazil's Embraer (ERJ) says it is preparing a bid to sell light attack aircraft to the U.S. Air Force by the end of June. The U.S. government cancelled a $355M contract with ERJ in February; a sale would have been the first deal between ERJ and the U.S. Air Force. Barron's sees the no. 3 aircraft maker as a long-term opportunity for investors willing to ride out short-term turbulence.