Embraer and Boeing Approve Strategic Partnership

The joint venture is expected to generate annual profits of approximately US$150 million by the third year of operation.

By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – Embraer and Boeing announced this week that they have approved the terms of the strategic partnership that will enable both companies to accelerate growth in global aerospace markets.

"We are confident that this partnership will be of great value to Brazil and to the Brazilian aerospace industry as a whole. This alliance will strengthen both companies in the global market and is in line with our long-term sustainable growth strategy," said Paulo Cesar de Souza e Silva, President and CEO of Embraer in a press release.
 
The partnership will . . .

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