Boeing terminates $4.2 billion deal with Embraer [CNNMoney.com]
Boeing Company (The) (BA)
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Source: CNNMoney.com
Boeing terminates $4.2 billion deal with Embraer New York (CNN Business) Boeing has terminated its $4.2 billion deal with Brazilian aircraft maker Embraer, the American company announced Saturday. The deal would have given Boeing a bigger stake in the market for smaller jets and help the company develop airplanes more cheaply . Embraer responded Saturday in a press release that it will "pursue all remedies against Boeing for the damages incurred." It called Boeing's decision a wrongful termination. In its press release, The Brazilian company made reference to the Boeing 737 Max's two fatal crashes that have cost the aircraft maker at least $18.7 billion. Embraer said the company was manufacturing "false claims" to avoid paying the $4.2 billion because of its "own financial condition and 737 Max and other business and reputational problems." The two had planned to create a joint venture by April 24, but the deadline passed without Embraer satisfying the necessary conditions, acc
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BA
Earnings
- 10/29/25 - Miss
BA
Sec Filings
- 12/3/25 - Form 4
- 12/3/25 - Form 4
- 12/3/25 - Form 4
- BA's page on the SEC website