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Embraer

ERJ

Industrials

1

exclusion reason

1 theme

Weapons & Military (1)
ERJ Industrials Current as of March 2026

Embraer is screened out under 1 exclusion reason spanning 1 issue category.

This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. It is a statement of values.

Military Contracting
Since Jul 28, 2021

Embraer operates a dedicated Defense & Security division that designs and manufactures purpose-built military aircraft. Its flagship product is the A-29 Super Tucano, a turboprop light attack and counter-insurgency aircraft designed for close air support, armed reconnaissance, and pilot training. The company actively markets this platform for combat roles; in March 2026, Embraer announced a partnership with Valkyrie Aero to integrate an AI-powered "Gunslinger" system onto the Super Tucano, explicitly expanding its capabilities for drone and counter-drone warfare.

According to SIPRI data, Embraer has ranked among the world’s top 100 arms-producing companies, with arms sales reported at $1.47 billion in a recent year. Historical corporate statements cited by SIPRI indicate the company has targeted military revenue to reach 20% of gross sales. Its U.S. subsidiary, Embraer Defense & Security Inc., is pursuing prime contractor status in the American defense market. This specialized military business is distinct from the company’s commercial aviation segment and meets the threshold of developing products specifically for warfare.

Research Sources 1 organization
SIPRI
External

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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.

This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.

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