LatAm Capital Goods & Transportation Road Ahead (Jun. 15): Potential C-390 Unit in India, Eve’s Certification Strategy, West Network Sent to TCU

Research evidence excerpt

LatAm Capital Goods & Transportation Road Ahead (Jun. 15): Potential C-390 Unit in India, Eve’s Certification Strategy, West Network Sent to TCU

J P M O R G A N Latin America Equity Research

15 June 2026

This material is neither intended to be distributed to Mainland China investors nor to provide securities investment consultancy services within the

territory of Mainland China. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan.

LatAm Capital Goods &

Transportation

Road Ahead (Jun. 15): Potential C-390 Unit in India,

Eve’s Certification Strategy, West Network Sent to TCU

Upcoming Events This Week Latin American Capital Goods

• Mon. (Jun. 15): IMEA Data @ 5pm ET Marcelo Motta AC (55-11) 4950-6712

Top News from Past Week: marcelo.g.motta@jpmorgan.com

Jonathan S. Koutras

• Embraer to set up India military aircraft unit if it wins C-390 order. Embraer (55-11) 4950-3549

plans to establish its first overseas production facility in India to manufacture the jonathan.s.koutras@jpmchase.com

KC-390 Millennium military transport aircraft, contingent on winning an Indian Latin American Transportation

Air Force order that could total 60-80 aircraft. The company has partnered with AC Guilherme Mendes

both Mahindra Group and Adani Defence & Aerospace to build manufacturing (55-11) 4950-4105

and MRO capabilities in India. The tendering and contracting process is expected guilherme.g.mendes@jpmorgan.com

to take 1.5-2 years to conclude. If selected, India would become the only country Julia Orsi

outside Brazil to produce the C-390, while Embraer also plans to establish an (55-11) 4950 3351

ecosystem for its civilian passenger jets in the country - Economic Times (Jun. julia.orsi@jpmorgan.com

15). Banco J.P.