Aerospace Group:

Business/Financial

Brazil Approves Boeing, Embraer Joint Ventures

By Cal Biesecker

Thursday, January 10th, 2019

SHARE:

Brazil Approves Boeing, Embraer Joint Ventures

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)

Brazil’s government on Thursday approved joint ventures between Boeing [BA] and Embraer [ERJ], the country’s aerospace and defense company, a strategic partnership that will give the U.S. aerospace giant a play in smaller commercial aircraft and a multi-mission military aircraft. Terms of the strategic partnership were agreed to between the two companies in December. Under the commercial joint venture, Boeing will own an 80 percent stake and Embraer the remainder. Under a separate joint venture around Embraer’s KC-390 multi-mission medium…

Congress

“Not Sure How They Get To Where They Wanna Be,” Calvert Says of $1.5 Trillion Defense Topline Proposal

As the federal government enters a third week of tardiness in a fiscal 2027 budget release, a big question is how the Pentagon will be able to spend $500 billion […]

Congress

Path Uncertain For $1.5 Trillion FY ‘27 Defense Topline After Trump Casts Doubt On Second Reconciliation Bill

The path to achieve the White House’s call for a $1.5 trillion defense topline in 2027 appears murkier now after President Donald Trump has cast doubt on the prospects of […]

Congress

Senate Budget Dems Push For Defense Reconciliation Spending Details, Cite ‘Slush Fund’ Concerns

Democrats on the Senate Budget Committee have raised “significant concern” with the Pentagon’s move to classify reconciliation spending plans, urging the department to provide more public details on how the […]

Congress

Trump Signs Spending Package With $839 Billion Defense Bill, Ending Partial Shutdown

President Donald Trump on Tuesday signed a spending package to end the partial government shutdown that temporarily impacted the Pentagon, with the legislation having included the final $839 billion fiscal […]