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Tag Archives: Brazil

Boeing Names Marc Allen, Michael Arthur, John Slattery to New Leadership Roles

Boeing (NYSE: BA) has appointed three executives to new leadership roles as part of efforts to build up the company’s partnerships and presence worldwide. Marc Allen, president of Boeing International, will transition to the role of senior vice president at Boeing and president of Embraer partnership and group operations, the Chicago-based …

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Embraer Shareholders OK Partnership With Boeing

Shareholders of Embraer on Tuesday approved the company’s proposed strategic partnership with Boeing (NYSE: BA) during a meeting held in Brazil. Boeing said Tuesday shareholders owning 67 percent of Embraer’s outstanding shares participated in the meeting with 96.8 percent voted to approve the transaction. Embraer stockholders cleared the proposal to develop new markets for the KC-390 military …

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DOJ Clears UTC’s $30B Purchase of Rockwell Collins

The Justice Department has given antitrust approval to United Technologies Corp. (NYSE: UTX) to pursue its approximately $30B acquisition of Rockwell Collins (NYSE: COL), Bloomberg reported Tuesday. UTC announced in September 2017 that it agreed to pay approximately $23B in cash and stock and assume $7B in net debt from the Cedar Rapids, …

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CAE Lands Navy FMS Deal for Seahawk Helicopter Crew Trainer

TYSONS CORNER, VA, March 9, 2018 — CAE USA will produce an aircrew mission training system for the S-70B Seahawk helicopter fleet in Brazil under a foreign military sales contract from the U.S. Navy, ExecutiveBiz reported Thursday. The company said Wednesday the contract covers the delivery of a tactical operational flight trainer …

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Report: Boeing Amenable to Keeping Brazil’s ‘Golden Share’ in Embraer to Advance Tie-Up Talks

Boeing (NYSE: BA) intends to maintain the Brazilian government’s “golden share” in aerospace conglomerate Embraer in a push to address the Brazilian military’s concerns over a potential combination between the two aerospace companies, Reuters reported Friday. The “golden share” allows the South American country to exercise veto power over changes …

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Report: Boeing, Embraer Discussions Raise Questions on Brazilian Firm’s Ownership

Talks of a potential combination between Chicago-based Boeing (NYSE: BA) and Embraer have not addressed questions such as the possibility of a joint venture and control over the Brazil-based aircraft manufacturer, Reuters reported Tuesday. Sources told Reuters that a potential JV might not be an effective measure to meet Boeing’s interest …

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Boeing, Embraer Begin Merger Talks

Boeing (NYSE: BA) and aerospace conglomerate Embraer are in talks over a “possible combination.” Brazil-based Embraer said Thursday any deal that would emerge from the discussions would need to be approved by Embraer shareholders, both firms’ boards of directors, the Brazilian government and other regulatory authorities. Embraer added there is …

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Navy Taps Boeing to Produce Lot 90 Harpoon Missiles Under $207M FMS Contract

Boeing (NYSE: BA) has received a potential four-year, $207.5 million contract from the U.S. Navy for the full-rate production of 51 lot 90 Harpoon weapon systems for Egypt, South Korea and Brazil through a foreign military sales agreement. The sole-source, firm-fixed-price contract also covers the production of spares and related …

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BAE Awarded $82M for Brazil’s Assault Amphibious Vehicle Production

TYSONS CORNER, VA, December 23, 2015 — BAE Systems has been awarded a potential $82 million contract to provide 23 AAV7A1 Reliability, Availability, and Maintainability/Rebuild to Standard assault amphibious vehicles to Brazil’s marines, ExecutiveBiz reported Tuesday. The company said Monday it will provide spare parts, field service support as well as tools and …

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Fluor Consortium Lands Brazil Natural Gas Field, Pipeline Work

TYSONS CORNER, VA May 11, 2015 — Executive Mosaic — ExecutiveBiz reported Friday on a Fluor consortium landing a $100 million Parnaiba Gas Natural natural gas field development contract in Brazil. Fluor said Thursday the work will include engineering, procurement and construction of the gas gathering system in Maranhao state …

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