In March 15, 2011, the Embraer defense and security business signed a contract to purchase 64.7% of the capital of the radar division of OrbiSat da Amazônia S.A. The deal, which is valued at R$28.5 million, is an important strategic step to increase the participation of Embraer defense and security business in the Brazilian security system.
In April 12, 2011, the Embraer defense and security business announced the acquisition for R$36 million of 50% of the capital stock of Atech Negócios em Tecnologias S.A. with the purpose of increasing our capacity for developing products and services in the area of C4I systems and improving our capabilities of providing integrated systems for the defense and security, command and control, air defense and air traffic control markets. The acquisition will be submitted to the CADE for antitrust clearance.
In April 12 2011, the Embraer defense and security business and AEL Sistemas, a subsidiary of the Israeli company Elbit Systems Ltd., announced the signature of a strategic agreement with the purpose of evaluating joint exploration prospects for unmanned aerial systems (UAS), including the potential creation of a company to explore this segment with a majority participation of our defense and security business unit.
In April 12, 2011, the Company entered into a framework agreement with AVIC for the implementation of a Legacy 600/650 production line in China, taking advantage of the infrastructure, financial resources and workforce of the HEAI, our joint venture company with Harbin Aircraft Industry (Group) Co., Ltd. and Hafei Aviation Industry Co., Ltd., both subsidiaries of AVIC. This industrial cooperation program will focus on the production of the Legacy 600/650 family in China and aims to serve the growing demand of the Chinese executive aviation market.