Core Insights - Morocco is set to sign an agreement with Embraer to purchase four to five KC-390 Millennium military transport aircraft, with an expected procurement cost exceeding $600 million [1] - This procurement plan is part of the Royal Moroccan Air Force's modernization strategy, aimed at gradually replacing the current fleet of 14 C-130H Hercules transport aircraft and KC-130H tankers [1] - The KC-390 Millennium is known for its multifunctional design, high speed, and low operating costs, capable of carrying up to 26 tons of cargo, with a maximum speed of 987.8 km/h and a standard range of 2,590 km [1] - The aircraft can perform various missions, including troop or equipment airdrops, aerial refueling, and firefighting [1] - Countries that have already procured the KC-390 include Portugal, Hungary, the Netherlands, Austria, the Czech Republic, Sweden, and Slovakia [1] Economic Impact - A memorandum of understanding will be signed between the Moroccan government and Embraer during the Marrakech Air Show on October 30, 2024, covering multiple cooperation projects in commercial aviation, defense, and urban air mobility [1] - This agreement is expected to generate $300 million in economic benefits and create 300 jobs in Morocco by 2030, and $1 billion in economic benefits and 1,000 jobs by 2035 [1]