Embraer shareholders approved a strategic partnership with Boeing to form a joint venture for Embraer's commercial aircraft and services operations, with Boeing holding 80% ownership for $4.2 billion.
Embraer and Boeing received Brazilian government approval for a strategic partnership where Boeing will hold 80% ownership in a new company and Embraer 20%. A separate JV for the KC-390 will have Embraer owning 51%.
Embraer and Republic Airways have signed a firm order for 100 E175 jets valued at USD 4.69 billion based on list prices, with deliveries starting in 2020. The contract includes purchase rights for an additional 100 E175s.
Boeing and Embraer approved terms for a joint venture covering Embraer's commercial aircraft and service operations. Boeing will hold an 80% stake valued at $5.26 billion, with Embraer holding 20%. The deal requires regulatory and Brazilian government approval.
Boeing and Embraer have approved terms for a strategic partnership where Boeing will acquire an 80% stake in a joint venture comprising Embraer's commercial aircraft and services operations for $4.2 billion. The deal is subject to Brazilian government approval.
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.
Boeing and Embraer signed a non-binding MoU to form a joint venture comprising Embraer's commercial aircraft and services business. Boeing will hold 80% and Embraer 20% of the JV, valued at $4.75 billion for 100% of Embraer's commercial operations.
South Korean aerospace parts maker AST has signed a $610 million contract with Triumph Group to perform final assembly of the fuselage for Embraer's E2 series aircraft. The contract runs until 2034.
Triumph Group announced a strategic partnership with AeroSpace Technologies of Korea Inc. (ASTK) to build fuselages for Embraer's second-generation E-Jet aircraft (E175-E2, E190-E2, E195-E2). ASTK will build and transport fuselage shipsets to Embraer and establish a facility in Brazil.
Aleris signed a multi-year contract with Embraer to supply aluminum flat-rolled products for use in all Embraer aircraft. The contract includes supply from facilities in Koblenz, Germany, and Zhenjiang, China.
Boeing is considering a potential combination with Brazil's Embraer SA, including options such as a joint venture, to expand into the smaller jet market. The talks are preliminary and require approvals.
Aleris has signed a new multi-year contract with Embraer to supply aluminum flat rolled products for use in all Embraer aircraft, expanding their existing relationship.
Meggitt Polymers & Composites was awarded a contract by Embraer for the design and production of a high-performance radome assembly for in-flight connectivity on the E2 platform, with linefit and retrofit options for E1 aircraft.
US-based SkyWest awarded a contract to Embraer for the purchase of 20 new E-Jets for $914m, including 15 E175 SC and 5 additional E175 aircraft.
Korea Aerospace Industries (KAI) secured contracts worth 280 billion won ($245 million) to supply wing parts for three Embraer aircraft types (KC-390, E190-E2, E185-E2) by 2033.
Sigmatex has signed a supplier agreement with Embraer to supply carbon fibre textiles for composite material applications, supporting Embraer's adoption of composite technologies.