Boeing-Embraer partnership receives shareholder approval

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SAO PAULO and CHICAGOFeb. 26, 2019 /PRNewswire/ — The proposed strategic partnership between Boeing [NYSE: BA] and Embraer [B3: EMBR3, NYSE: ERJ] was approved today by Embraer’s shareholders during an Extraordinary General Shareholders’ Meeting held at the company’s headquarters in Brazil.

At the special meeting, 96.8 percent of all valid votes cast were in favor of the transaction, with participation of approximately 67 percent of all outstanding shares. Shareholders approved the proposal that will establish a joint venture made up of the commercial aircraft and services operations of Embraer. Boeing will hold an 80 percent ownership stake in the new company, and Embraer will hold the remaining 20 percent.

The transaction values 100 percent of Embraer’s commercial aircraft operations at $5.26 billion, and contemplates a value of $4.2 billion for Boeing’s 80 percent ownership stake in the joint venture.

Embraer shareholders also agreed to a joint venture to promote and develop new markets for the multi-mission medium airlift KC-390. Under the terms of this proposed partnership, Embraer will own a 51 percent stake in the joint venture, with Boeing owning the remaining 49 percent.

“This groundbreaking partnership will position both companies to deliver a stronger value proposition for our customers and other stakeholders and create more opportunities for our employees,” said Paulo Cesar de Souza e Silva, President and CEO of Embraer. “Our agreement will create mutual benefits and boost the competitiveness of both Embraer and Boeing.”

“Approval by Embraer’s shareholders is an important step forward as we make progress on bringing together our two great aerospace companies. This strategic global partnership will build on Boeing’s and Embraer’s long history of collaboration, benefit our customers and accelerate our future growth,” said Dennis Muilenburg, Boeing chairman, president and chief executive officer.

Embraer’s defense and executive jet business and services operations associated with those products would remain as a standalone publically-traded company. A series of support agreements focused on supply chain, engineering and facilities would ensure mutual benefits and enhanced competitiveness between Boeing, the joint venture and Embraer.

“Our shareholders have recognized the benefits of partnering with Boeing in commercial aviation and the promotion of the multi-mission airlift KC-390, as well as understanding the opportunities that exist in the executive aviation and defense business,” said Nelson Salgado, Embraer Executive Vice President of Finance and Investor Relations.

“People across Boeing and Embraer share a passion for innovation, a commitment to excellence, and a deep sense of pride in their products and their teams – these joint ventures will strengthen those attributes as we build an exciting future together,” said Greg Smith, Boeing Chief Financial Officer and Executive Vice President of Enterprise Performance & Strategy.

Boeing and Embraer announced in December 2018 that they had approved the terms for the joint ventures and the Brazilian government gave its approval in January 2019. Shortly thereafter, Embraer’s board of directors ratified its support for the deal and definitive transaction documents were signed. The closing of the transaction is now subject to obtaining regulatory approvals and the satisfaction of other customary closing conditions, which Boeing and Embraer hope to achieve by the end of 2019.

Embraer will continue to operate the commercial aviation business and the KC-390 program independently until the closing of the transaction.

Forward-Looking Information Is Subject to Risk and Uncertainty
Certain statements in this release may be “forward-looking” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the proposed terms of the transaction, the ability of the parties to satisfy the conditions to executing or closing the transaction and the timing thereof, and the benefits and synergies of the proposed transaction, as well as any other statement that does not directly relate to any historical or current fact. Forward-looking statements are based on current assumptions about future events that may not prove to be accurate. These statements are not guarantees and are subject to risks, uncertainties and changes in circumstances that are difficult to predict. Many factors could cause actual results to differ materially from these forward-looking statements. As a result, these statements speak only as of the date they are made and neither party undertakes an obligation to update or revise any forward-looking statement, except as required by law. Specific factors that could cause actual results to differ materially from these forward-looking statements include the effect of global economic conditions, the ability of the parties to consummate such a transaction and realize anticipated synergies, and other important factors disclosed previously and from time to time in the filings of The Boeing Company and/or Embraer with the Securities and Exchange Commission.

Media Contacts:
Chaz Bickers
Boeing Communications
charles.n.bickers@boeing.com
+1 312-544-2002

Valtecio Alencar
Global Corporate Communications
Embraer
Valtecio.alencar@embraer.com.br
+55 11-3040-6891

 

SOURCE: Boeing WEBSITE

Embraer and Boeing Welcome Brazilian Government Approval of Strategic Partnership

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SAO PAULO and CHICAGOJan. 10, 2019 /PRNewswire/ — Embraer [B3: EMBR3, NYSE: ERJ] and Boeing [NYSE: BA] have welcomed approval by the Government of Brazil of the strategic partnership that will position both companies to accelerate growth in global aerospace markets.

The government’s approval comes after the two companies last month approved terms for the joint venture that will be made up of the commercial aircraft and services operations of Embraer. Boeing will hold an 80 percent ownership stake in the new company and Embraer will hold the remaining 20 percent.

The companies have also agreed to the terms of another joint venture to promote and develop new markets for the multi-mission medium airlift KC-390. Under the terms of this proposed partnership, Embraer will own a 51 percent stake in the joint venture, with Boeing owning the remaining 49 percent.

Once Embraer’s Board of Directors ratifies its prior approval, the two companies will then execute definitive transaction documents. The closing of the transaction will be subject to shareholder and regulatory approvals and customary closing conditions. Assuming the approvals are received in a timely manner, the transaction is intended to close by the end of 2019.

Forward-Looking Information Is Subject to Risk and Uncertainty
Certain statements in this release may be “forward-looking” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the proposed terms of the transaction, the ability of the parties to satisfy the conditions to executing or closing the transaction and the timing thereof, and the benefits and synergies of the proposed transaction, as well as any other statement that does not directly relate to any historical or current fact. Forward-looking statements are based on current assumptions about future events that may not prove to be accurate. These statements are not guarantees and are subject to risks, uncertainties and changes in circumstances that are difficult to predict. Many factors could cause actual results to differ materially from these forward-looking statements. As a result, these statements speak only as of the date they are made and neither party undertakes an obligation to update or revise any forward-looking statement, except as required by law. Specific factors that could cause actual results to differ materially from these forward-looking statements include the effect of global economic conditions, the ability of the parties to reach final agreement on a transaction, consummate such a transaction and realize anticipated synergies, and other important factors disclosed previously and from time to time in the filings of The Boeing Company and/or Embraer with the Securities and Exchange Commission.

Media Contacts:

Chaz Bickers
Boeing Communications
charles.n.bickers@boeing.com
312-544-2002

Valtecio Alencar
Global Corporate Communications
Embraer
Valtecio.alencar@embraer.com.br
11-3040-6891

 

SOURCE: Boeing WEBSITE

Embraer and Boeing Approved the Terms of Strategic Aerospace Partnership, Seek Brazilian Government Approval

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SAO PAULO and CHICAGODec. 17, 2018 /PRNewswire/ — Embraer [B3: EMBR3, NYSE: ERJ] and Boeing [NYSE: BA] have approved to the terms of a strategic partnership that would position both companies to accelerate growth in global aerospace markets.

The approved terms define the joint venture comprising the commercial aircraft and services operations of Embraer, in which Boeing will hold an 80 percent ownership stake and Embraer will hold the remaining 20 percent. The transaction remains subject to approval by the Government of Brazil, after which Embraer and Boeing intend to execute definitive transaction documents. The closing of the transaction will then be subject to shareholder and regulatory approvals and customary closing conditions.

Under the terms of the proposed partnership, Boeing will acquire an 80 percent ownership stake in the joint venture for $4.2 billion. The partnership is expected to be neutral to Boeing’s earnings per share in 2020 and accretive thereafter. Estimated annual pre-tax cost synergies of approximately $150 million are anticipated by the third year of operations.

Once the transaction has closed, the commercial aviation joint venture will be led by Brazil-based management, including a president and chief executive officer. Boeing will have operational and management control of the new company, which will report directly to Dennis Muilenburg, Boeing chairman, president and chief executive officer. Embraer will retain consent rights for certain strategic decisions, such as transfer of operations from Brazil.

“Boeing and Embraer know each other well through more than two decades of collaboration, and the respect we have for each other and the value we see in this partnership has only increased since we announced our joint efforts earlier this year,” said Dennis Muilenburg, Boeing chairman, president and chief executive officer.

“We are confident that this partnership will deliver great value to Brazil and the Brazilian aerospace industry as a whole. This alliance will strengthen both companies in the global market and is aligned with our long-term sustainable growth strategy,” said Paulo Cesar de Souza e Silva, Embraer president and chief executive officer.

The companies have also agreed to the terms of another joint venture to promote and develop new markets for the multi-mission medium airlift KC-390. Under the terms of this proposed partnership, Embraer will own a 51 percent stake in the joint venture, with Boeing owning the remaining 49 percent.

The transaction is subject to approval by the Government of Brazil, ratification by the Embraer Board of Directors and its further authorization to execute the definitive transaction documents. Once the parties have executed the definitive transaction agreements, the strategic partnership will then be subject to shareholder and regulatory approvals, as well as other customary closing conditions. Assuming the approvals are received in a timely manner, the transaction is intended to close by the end of 2019.

Forward-Looking Information Is Subject to Risk and Uncertainty
Certain statements in this release may be “forward-looking” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the proposed terms of the transaction, the ability of the parties to satisfy the conditions to executing or closing the transaction and the timing thereof, and the benefits and synergies of the proposed transaction, as well as any other statement that does not directly relate to any historical or current fact. Forward-looking statements are based on current assumptions about future events that may not prove to be accurate. These statements are not guarantees and are subject to risks, uncertainties and changes in circumstances that are difficult to predict. Many factors could cause actual results to differ materially from these forward-looking statements. As a result, these statements speak only as of the date they are made and neither party undertakes an obligation to update or revise any forward-looking statement, except as required by law. Specific factors that could cause actual results to differ materially from these forward-looking statements include the effect of global economic conditions, the ability of the parties to reach final agreement on a transaction, consummate such a transaction and realize anticipated synergies, and other important factors disclosed previously and from time to time in the filings of The Boeing Company and/or Embraer with the Securities and Exchange Commission.

Media Contacts:

Chaz Bickers
Boeing Communications
charles.n.bickers@boeing.com
312-544-2002

Valtecio Alencar
Global Corporate Communications
Embraer
Valtecio.alencar@embraer.com.br
11-3040-6891

 

SOURCE :Boeing Website

Boeing Showcases the Future of Aerospace with Successful Farnborough Airshow, Announcing $100 Billion in Orders and Commitments

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– Multi-billion dollar orders booked for aerospace services and products
– Jointly presented strategic partnership with Embraer
– Announced collaboration with AI company SparkCognition
– Launched future travel and transport organization Boeing NeXt
– Unveiled the 2018 Commercial Market Outlook for air travel, cargo, services
– Increased STEM investment in Europe

FARNBOROUGH, United KingdomJuly 19, 2018 /PRNewswire/ — Boeing (NYSE: BA) strengthened its position as the global leader of the aerospace industry, booking historic orders and showcasing its innovation and strategy for growth at the Farnborough International Airshow. At the close of the industry portion of the show, Boeing announced a total of $98.4 billion in orders and commitments for commercial airplanes at list prices and $2.1 billion in commercial and defense services orders and agreements.

“Boeing led the way at Farnborough, demonstrating value for our customers, capturing important new business in products and services, and announcing the unique strength of our strategic partnership with Embraer. We also invested in our European communities, and launched our new Boeing NeXt organization—proving the future is built here, at Boeing,” said Chairman, President and CEO Dennis Muilenburg. “We will continue to win in the marketplace thanks to our talented team, who innovate across our enterprise with One Boeing collaboration and deliver on our proven portfolio with relentless customer focus.”

Boeing marked an outstanding week for order capture in commercial aviation, with customers announcing 673 orders and commitments in total, reflecting a continued resurgence in demand for freighters and strong order activity for the 737 MAX and 787 passenger airplanes. Boeing secured 48 orders and commitments for the 777F, five for the 747-8F, reflecting continued strengthening in the cargo market globally.

Customers also continued to demonstrate a strong preference for Boeing’s passenger airplane portfolio, with 52 orders for the 787 and 564 for single-aisle 737 MAX, including a major commitment from VietJet for 100 airplanes and strong demand for the largest variant of the MAX family, with 110 orders and commitments for the 737 MAX 10.

On the services side of the business, Boeing secured commercial and government customers including Antonov, Atlas Air, Blackshape, Cargolux, Emirates, EVA Airways, GECAS, Hawaiian Airlines, International Water Services, Malindo Air, Okay Airlines, Primera Air, Royal Netherlands Air Force, United States Air Force, WestJet and Xiamen Airlines.

At the show, Boeing also revealed its 2018 Commercial Market Outlook, raising its 20-year outlook for commercial airplanes and services to $15.1 trillion. The global market is forecast at almost 43,000 new airplanes, valued at $6.3 trillion, and demand for $8.8 trillion worth of commercial services through 2038. The strength of the cargo market, noted in the CMO, was underscored by more than 50 freighter orders and commitments at the show.

The Boeing 737 MAX 7 and the Biman Bangladesh 787-8 starred in the daily flying display while the Air Italy 737 MAX 8, a Qatar Airways 777-300ER, and CargoLogicAir and Qatar Airways 747-8 Freighters were featured in the static display. The U.S. Department of Defense displayed the AH-64 Apache attack helicopter, the CH-47 Chinook heavy-lift helicopter and the F-15E Strike Eagle.

Additionally, Boeing and Embraer leaders held their first news conference together since announcing plans for a strategic partnership. Muilenburg, Boeing Chief Financial Officer and Executive Vice President for Enterprise Performance & Strategy Greg Smith and Embraer Chief Executive Officer and President Paulo Cesar de Souza e Silva presented details of the proposed partnership, which includes ventures in commercial airplanes and lifecycle services, as well as defense.

During the show, Boeing also announced its collaboration with artificial intelligence company SparkCognition to deliver unmanned aircraft system traffic management (UTM) solutions. This announcement coincided with the launch of Boeing NeXt, an incubator organization for future commercial mobility solutions that will shape the emerging world of travel and transport. Boeing NeXt will leverage the company’s research and development activities and investments in areas such as autonomous flight, smart cities and advanced propulsion, and address transportation challenges of the future by moving people and goods with proven technology.

Boeing also highlighted its commitment to future aerospace innovators with a $5 million investment in Newton Europe to launch Science, Technology, Engineering and Math (STEM) education “Newton Rooms” across nine European countries.

Finally, the show marked the launch of a new brand campaign, “The Future is Built Here,” highlighted by a dynamic exhibit that featured interactive virtual and augmented-reality displays that showed visitors Boeing’s commercial and defense products, service offerings and future innovations.

About Boeing

Boeing is the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems. A top U.S. exporter, the company supports airlines and U.S. and allied government customers in 150 countries. Boeing products and tailored services include commercial and military aircraft, satellites, weapons, electronic and defense systems, launch systems, advanced information and communication systems, and performance-based logistics and training. With corporate offices in Chicago, Boeing employs more than 140,000 people across the United States and in more than 65 countries. This represents one of the most diverse, talented and innovative workforces anywhere. Our enterprise also leverages the talents of hundreds of thousands more skilled people working for Boeing suppliers worldwide.

Contacts:

Paul Bergman (Commercial)
+1 206-724-7292
paul.r.bergman2@boeing.com

Todd Blecher (Defense, Space & Security)
+1 703-414-6033
todd.h.blecher@boeing.com

Chantal Dorange (Europe)
+34 91 7688406
chantal.dorange@boeing.com

Megan Hilfer (HorizonX, Technology) ­
+1 206-465-5379
megan.e.hilfer@boeing.com

Katie Zemtseff  (Global Services)
+1 206 390-7589
katherine.a.zemtseff@boeing.com

 

SOURCE :Boeing Website

Boeing and Embraer to Establish Strategic Aerospace Partnership to Accelerate Global Aerospace Growth

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CHICAGO and SÃO PAULO, July 5, 2018 /PRNewswire/ — Boeing (NYSE: BA) and Embraer (B3: EMBR3, NYSE: ERJ) announced they have signed a Memorandum of Understanding to establish a strategic partnership that positions both companies to accelerate growth in global aerospace markets.

The non-binding agreement proposes the formation of a joint venture comprising the commercial aircraft and services business of Embraer that would strategically align with Boeing’s commercial development, production, marketing and lifecycle services operations. Under the terms of the agreement, Boeing will hold an 80 percent ownership stake in the joint venture and Embraer will own the remaining 20 percent stake.

“By forging this strategic partnership, we will be ideally positioned to generate significant value for both companies’ customers, employees and shareholders – and for Brazil and the United States,” said Dennis Muilenburg, Boeing’s Chairman, President and Chief Executive Officer. “This important partnership clearly aligns with Boeing’s long-term strategy of investing in organic growth and returning value to shareholders, complemented by strategic arrangements that enhance and accelerate our growth plans,” Muilenburg said.

“The agreement with Boeing will create the most important strategic partnership in the aerospace industry, strengthening both companies’ leadership in the global market,” said Paulo Cesar de Souza e Silva, Embraer Chief Executive Officer and President. “The business combination with Boeing is expected to create a virtuous cycle for the Brazilian aerospace industry, increasing its sales potential, production, creating jobs and income, investments and exports, and in doing so, adding more value to customers, shareholders and employees.”

The transaction values 100 percent of Embraer’s commercial aircraft operations at $4.75 billion, and contemplates a value of $3.8 billion for Boeing’s 80 percent ownership stake in the joint venture. The proposed partnership is expected to be accretive to Boeing’s earnings per share beginning in 2020 and to generate estimated annual pre-tax cost synergies of approximately $150 million by year three.

The strategic partnership will bring together more than 150 years of combined leadership in aerospace and leverage the two companies’ highly complementary commercial product lines. The partnership is a natural evolution of a long-standing history of collaboration between Boeing and Embraer over more than 20 years.

On finalization, the commercial aviation joint venture will be led by Brazil-based management, including a President and Chief Executive Officer. Boeing will have operational and management control of the new company, which will report directly to Muilenburg.

The joint venture will become one of Boeing’s centers of excellence for end-to-end design, manufacturing, and support of commercial passenger aircraft, and will be fully integrated into Boeing’s broader production and supply chain.

Boeing and the joint venture would be positioned to offer a comprehensive, highly complementary commercial airplane portfolio that ranges from 70 seats to more than 450 seats and freighters, offering best-in-class products and services to better serve the global customer base.

In addition, both companies will create another joint venture to promote and develop new markets and applications for defense products and services, especially the KC-390 multi-mission aircraft, based on jointly-identified opportunities.

“Joint investments in the global marketing of the KC-390, as well as a series of specific agreements in the fields of engineering, research and development and the supply chain, will enhance mutual benefits and further enhance the competitiveness of Boeing and Embraer,” said Nelson Salgado, Embraer’s Executive Vice President, Financial and Investor Relations.

Finalization of the financial and operational details of the strategic partnership and negotiation of definitive transaction agreements are expected to continue in the coming months. Upon execution of these agreements, the transaction would then be subject to shareholder and regulatory approvals, including approval from the Government of Brazil, as well as other customary closing conditions. Assuming the approvals are received in a timely manner, the transaction is expected to close by the end of 2019, 12-18 months after execution of the definitive agreements.

“This strategic partnership is a natural evolution of the long-standing history of collaboration between Boeing and Embraer on a range of aerospace initiatives over almost three decades,” said Greg Smith, Boeing Chief Financial Officer and Executive Vice President of Enterprise Strategy & Performance. “It is aligned with Boeing’s enterprise strategy of pursuing strategic investment opportunities where they demonstrate real value and accelerate our organic growth plans. This partnership will strengthen the vertical capabilities of Boeing and enhance value for our customers through the full lifecycle of industry-leading products and services.”

Boeing and Embraer will benefit from a broader scale, resources and footprint, including global supply chain, sales and marketing, and services network, which will enable them to capture benefits from best-in-class efficiencies across the organizations. Additionally, the strategic partnership will provide opportunities to share best practices in manufacturing and across development programs.

The transaction will have no impact on Boeing and Embraer financial guidance for 2018 or Boeing’s cash deployment strategy and commitment to returning approximately 100 percent of free cash flow to shareholders.

Forward-Looking Information Is Subject to Risk and Uncertainty
Certain statements in this release may be “forward-looking” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding benefits and synergies of the joint venture and future business prospects, as well as any other statement that does not directly relate to any historical or current fact. Forward-looking statements are based on current assumptions about future events that may not prove to be accurate. These statements are not guarantees and are subject to risks, uncertainties and changes in circumstances that are difficult to predict. Many factors could cause actual results to differ materially from these forward-looking statements. As a result, these statements speak only as of the date they are made and neither party undertakes an obligation to update or revise any forward-looking statement, except as required by law. Specific factors that could cause actual results to differ materially from these forward-looking statements include the effect of global economic conditions, the ability of the parties to reach final agreement on a transaction, consummate such a transaction and realize anticipated synergies, and other important factors disclosed previously and from time to time in the filings of The Boeing Company and/or Embraer with the Securities and Exchange Commission.

Media Contacts:

Chaz Bickers
Boeing Communications
charles.n.bickers@boeing.com
312-544-2002

Valtecio Alencar
Global Corporate Communications
Embraer
Valtecio.alencar@embraer.com.br
11-3040-6891

 

SOURCE: Boeing WEBSITE

Boeing and Embraer Confirm Discussions on Potential Combination

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CHICAGO & SAO PAULO, December 21, 2017 – The Boeing Company (NYSE: BA) and Embraer (BM&FBOVESPA: EMBR3, NYSE: ERJ) today confirmed the two companies are engaged in discussions regarding a potential combination, the basis of which remains under discussion.

There is no guarantee a transaction will result from these discussions. Boeing and Embraer do not intend to make any additional comments regarding these discussions.

Any transaction would be subject to the approval of the Brazilian government and regulators, the two companies’ boards and Embraer’s shareholders.

Forward-Looking Information Is Subject to Risk and Uncertainty

Certain statements in this release may be forward-looking statements.  Often, but not always, forward-looking statements can be identified by the use of words such as “plans,” “expects,” “expected,” “scheduled,” “estimates,” “intends,” “anticipates” or “believes,” or variations of such words and phrases or state that certain actions, events, conditions, circumstances or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved.  Forward-looking statements by their nature address matters that are, to different degrees, uncertain.  Many risks, uncertainties and other factors, which are often times beyond our control, could cause actual results to differ materially from these forward-looking statements, including, in addition to factors previously disclosed in Boeing’s and Embraer’s reports filed with the SEC and those identified elsewhere in this release, any risks relating to a potential strategic combination.  Boeing and Embraer cannot give any assurance that such forward-looking statements will prove to have been correct.  The reader is cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Boeing and Embraer disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, conditions, circumstances or otherwise, except as required by applicable law.  Please consult further disclosures Boeing and Embraer make on related subjects, if any, in reports to the SEC.

Contacts:
The Boeing Company
Phil Musser
Senior Vice President, Communications
Cell: 312-241-6683
Phil.Musser@boeing.com

Boeing Communications
Office: +1 312-544-2002

Embraer
Nelson Salgado
Senior Vice President, External Affairs and Corporate Communications
Office: +55 11 3 841 6085
nsalgado@embraer.com.br

 

Source  : Boeing WEBSITE

Boeing and Embraer Unveil Newest ecoDemonstrator Aircraft

– E170 airplane to test technologies to boost fuel efficiency, cut carbon emissions
– First non-Boeing airplane used in ecoDemonstrator program will be powered by Brazil-based biofuel

RIO DE JANEIRO, July 7, 2016 /PRNewswire/ — Boeing [NYSE: BA] and Embraer S.A. [BM&F Bovespa: EMBR3, NYSE: ERJ] unveiled the next phase of the Boeing ecoDemonstrator program today. The program expands Boeing and Embraer’s cooperation agreement and will test technologies to improve airplane environmental performance and accelerate their introduction into the marketplace.

An Embraer E170 will serve as the flying testbed and will feature advanced environmental technologies that will undergo operational testing in Brazil during August and September.

“Collaborating with Boeing on the ecoDemonstrator program in the structuring and implementation of new technologies tests reinforces, once again, Embraer’s commitment towards a sustainable future,” said Mauro Kern, Executive Vice President of Operations at Embraer. “At the same time, as we integrate and test different technologies in a single aircraft, we contribute to consolidate in Brazila powerful tool to support technological development and innovation – the technology demonstrator platform.”

“As industry leaders, we have a unique opportunity to invest in technologies that encourage our industry’s long-term, sustainable development, while supporting our customers’ environmental goals,” said Boeing Chief Technology Officer John Tracy.

The ecoDemonstrator flights will test several technologies designed to reduce carbon emissions, fuel use and noise including:

  • LIDAR (Light Detection and Ranging) technology using lasers to measure air data parameters such as true airspeed, angle of attack and outside air temperature. LIDAR shows potential to increase air data reliability by complementing current sensors, which could lead to further innovations that improve fuel efficiency and reduce carbon emissions.
  • An “ice phobic” paint designed to reduce icing and help prevent accumulation of dirt and bugs due to its low adhesive property. The special paint can help operators save water by reducing the need for frequent aircraft washing.
  • A new wing design with improved slats to reduce noise on takeoff and approach.
  • Special sensors and air visualization techniques near the wing surface to better understand in-flight aerodynamics. This analysis could lead to further innovations to improve fuel efficiency and reduce carbon emissions, such as new wing designs.
  • A Brazilian-produced biofuel blend made up of 10 percent bio-kerosene and 90 percent fossil kerosene, the maximum mixture according to international standards. Studies have shown that sustainably produced aviation biofuel emits 50 to 80 percent lower carbon emissions through its life cycle than fossil jet fuel.

The ecoDemonstrator tests illustrate Boeing and Embraer’s continued investments to improve fuel efficiency and environmental performance of aircraft and meet the new carbon emissions standard announced by the International Civil Aviation Organization (ICAO) earlier this year.

The ecoDemonstrator collaboration expands a relationship that began in 2012 when Boeing and Embraer signed a cooperation agreement to benefit their customers, their companies and the global aviation industry. Since then, Boeing and Embraer have supported Embraer’s KC-390 defense aircraft program and improved runway safety by providing commercial customers with tools to reduce runway excursions. Last year Boeing and Embraer opened a joint biofuel research center in São José dos Campos to perform biofuel research and coordinate research with Brazilian universities and other institutions.

To date, the ecoDemonstrator program has tested more than 50 technologies, using a Next-Generation 737-800 (2012), 787 (2014) and 757 (2015) as flying testbeds.

For more information visit www.boeing.com/environment and www.embraer.com

Contact:
Marcio De Meo
Embraer
+ 55 11 3040-6895
marcio.meo@embraer.com.br

Ana Paula Ferreira
Boeing Brazil, Chile, Colombia and Mexico
+ 55-11-3759-4801
ana.p.ferreira@boeing.com

Peter P. Pedraza
Boeing Commercial Airplanes
+1 206-544-2825
peter.p.pedraza@boeing.com

Photo and captions are available here: http://boeing.mediaroom.com/ and www.embraer.com.br

SOURCE : Boeing and Embraer

Embraer tem queda de 13% em entregas do segundo trimestre

Notícia Publicada em 11/07/2016 09:35

Carteira de pedidos no fim de junho somou US$ 21,9 bilhões ante US$ 22,9 bilhões em 2015

SÃO PAULO – A Embraer teve queda de 13 por cento nas entregas de aviões no segundo trimestre sobre o mesmo período do ano passado e a carteira de pedidos recuou cerca de 4 por cento na mesma comparação, segundo dados divulgados pela companhia nesta segunda-feira.

A fabricante brasileira entregou 26 jatos comerciais e 26 executivos no segundo trimestre deste ano ante envios de 27 aviões para aviação comercial e 33 para aviação executiva entre abril e junho de 2015.

A carteira de pedidos no final de junho somou 21,9 bilhões de dólares ante 22,9 bilhões no mesmo período do ano passado.

Do total entregue no segundo trimestre na aviação comercial, 5 foram de jatos de grande porte (4 Embraer 190 e 1 Embraer 195). Na aviação executiva, a empresa teve 3 aviões grandes (3 Legacy 500) e 23 jatos leves (8 Phenom 100E, 15 Phenom 300) despachados a clientes.

No consolidado do ano, a Embraer tem entregas de 96 aviões ante 92 unidades na primeira metade de 2015.

Mais cedo, a companhia informou que ampliou parceria com a Boeing para oportunidades de novos negócios de comercialização e suporte do cargueiro KC-390.

(Por Alberto Alerigi Jr.)

O Financista