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Business/Financial

Boeing Plans Separate Tie-Up With Embraer For Defense

By Cal Biesecker

Thursday, July 5th, 2018

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Boeing Plans Separate Tie-Up With Embraer For Defense

Boeing [BA] on Thursday moved a step closer to establishing a strategic partnership with Brazilian aircraft maker Embraer [ERJ], announcing a pending $3.8 billion majority ownership stake in a commercial aircraft joint venture and also said the two companies would create another joint venture in defense.A key part of the defense joint venture will be Embraer’s multi-mission transport aircraft for the medium airlift market. Last December, the KC-390, which is being developed for cargo, transport and aerial refueling missions, achieved…

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