Boeing, Embraer C-390 Millennium JV to be Called Boeing Embraer-Defense
November 18 2019 - 7:53AM
Dow Jones News
By Michael Dabaie
Boeing Co. (BA) and Embraer SA (ERJ) said their joint venture to
develop new markets for the C-390 Millennium multi-mission airlift
and air mobility aircraft will be called Boeing
Embraer-Defense.
Embraer will have 51% ownership of Boeing Embraer-Defense, with
Boeing holding the remaining 49%.
The C-390 Millennium partnership is one of two planned joint
ventures between the companies.
Boeing Brasil-Commercial will be a joint venture for the
commercial aviation operations of Embraer, with 80% owned by Boeing
and 20% owned by Embraer. Both joint ventures remain subject to
regulatory approval and the companies said they expect their
transaction to close in early 2020.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
November 18, 2019 08:38 ET (13:38 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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