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-0.00048553025263336 -0.00253484625400802 -0.00426888287055576 0.00779055359907181 0.0112586268321674 0.0120468252942345 0.0167003490142789 0.00645061621355762
Stock impact report

Boeing Shares Slide After Planemaker Scraps $4.2 Billion Aircraft Venture With Brazil's Embraer [TheStreet.com]

Boeing Company (The) (BA) 
Last boeing company (the) earnings: 4/29 07:30 am Check Earnings Report
Company Research Source: TheStreet.com
Boeing Co.(BAGet ReportERJThe two-year old deal was cancelled late Saturday after a deadline designed to bridge gaps between Embraer's commercial aviation division and Boeing came and went without progress. Embraer, however, said Boeing's 737 MAX struggles, as well as its coronavirus difficulties, lead it to 'wrongfully' terminate the ill-fated agreement."Boeing has worked diligently over more than two years to finalize its transaction with Embraer," said Boeing's Marc Allen, who headed the Embraer partnership & group operations. "Over the past several months, we had productive but ultimately unsuccessful negotiations about unsatisfied MTA conditions.""We all aimed to resolve those by the initial termination date, but it didn't happen," Allen said. "It is deeply disappointing. But we have reached a point where continued negotiation within the framework of the MTA is not going to resolve the outstanding issues."Boeing shares were marked 2.3% lower in early Monday trading to change hand Show less Read more
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