Embraer, Finmeccanica unit in talks to manufacture helicopters

SAO PAULO Mon Jan 21, 2013 6:20am EST

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SAO PAULO Jan 21 (Reuters) - Brazilian planemaker Embraer SA and a unit of Italy's Finmeccanica SpA have signed a memorandum of understanding to create a joint venture that would manufacture helicopters in the South American nation.

"This is an important step for Embraer in a move that will expand our business," Embraer Chief Executive Frederico Fleury Curado said in a statement on Monday.

Details of the potential venture with Finmeccanica's AgustaWestland unit were not disclosed.

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