# Boeing and Embraer agree terms for commercial aircraft joint venture

Boeing and Embraer signed a memorandum of understanding for a joint venture that will give Boeing 80% ownership of Embraer's commercial aircraft division, valued at USD 4.75 billion. The deal is expected to close by end of 2019.

- Type: Acquisition
- Announced: 2018-10-11
- Where: Brazil
- Value: $4.75B
- Status: announced
- Products: commercial aircraft, ERJ, E-Jet, E-Jet E2
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Boeing](https://endata.com/companies/685.md) (acquirer)
- [Embraer](https://endata.com/companies/23129.md) (target)

## Sources

- [web.archive.org](https://web.archive.org/web/20190813101231/https:/www.flightglobal.com/news/articles/embraer-boeing-agreement-lays-out-terms-of-proposed-452616/), 2018-10-11: "The planned joint venture between Boeing and Embraer would give the US manufacturer complete control over all aspects of Embraer's commercial aircraft unit..."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.