:

Business/Financial

Boeing, Embraer Agree On Joint Ventures For KC-390, Commercial Aviation

By Cal Biesecker

Monday, December 17th, 2018

SHARE:

Boeing, Embraer Agree On Joint Ventures For KC-390, Commercial Aviation

The Brazilian Air Force received its first Embraer KC-390 Millennium in 2019 and is exploring hybrid-electric options for light transport with Embraer. (Embraer)

Boeing [BA] and Brazil’s Embraer [ERJ] have finalized agreements on joint ventures for the KC-390 multi-mission medium airlift aircraft and commercial aviation, with the deals expected to close by the end of 2019.Embraer will have a controlling interest, 51 percent, in the joint venture for the KC-390 that will be focused on development, manufacture and sales for new markets and applications. A Boeing spokesman told Defense Daily the “economic terms” of the joint venture are still being worked out.A release…

Congress

House Appropriators ‘Concerned’ With JLTV A2 Delays, Shift Funds For Marines’ Second Supplier Effort

House appropriators have said they’re “seriously concerned” with Joint Light Tactical Vehicle (JLTV) A2 delays, as their fiscal year 2027 defense spending bill shifts funds to support the Marine Corps’ […]

Budget

House Appropriators Uncertain Navy Will Award F/A-XX Contract By August

House appropriators said they are skeptical the Defense Department will award the engineering and manufacturing development (EMD) contract for the Navy’s F/A-XX next-generation carrier-based fighter program by the most recent […]

Congress

House Appropriators Approve $1.07 Trillion FY ‘27 Defense Bill Amid Reconciliation Uncertainty

The House Appropriations Committee has approved its $1.07 trillion fiscal year 2027 defense spending bill, advancing a bill with a historic topline while uncertainty lingers over Congress’ next step to […]

Budget

House Appropriators Add Restrictions And Reporting Requirement To Battleship, Reject Cut

The chairman’s mark of the House Appropriations Committee’s (HAC) fiscal year 2027 defense appropriations bill funds the administration’s $1 billion request for the BBG(X) Trump-class battleship, but adds restrictions requiring […]