Boeing-Embraer Commercial Joint Venture Includes KC-390 Work

The Boeing-Embraer joint venture (JV) agreement announced on 5 July, while largely focusing on the two companies’ commercial businesses, also includes work for defence products. The two companies said they will create another JV to promote and develop new markets and applications for defence products and services, especially Embraer’s KC-390...

The Boeing-Embraer joint venture (JV) agreement announced on 5 July, while largely focusing on the two companies’ commercial businesses, also includes work for defence products.

The two companies said they will create another JV to promote and develop new markets and applications for defence products and services, especially Embraer’s KC-390 tanker-transport 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,” Nelson Salgado, Embraer executive vice president for financial and investor relations, said in a statement.

Source: www.janes.com