Share Name Share Symbol Market Type
Embraer SA BOV:EMBR3 Bovespa Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.75 -8.11% 8.50 8.30 9.40 9.29 8.30 9.20 5,938,400 23:45:00

Boeing's Brazilian Partner Embraer Making Medical Kit

25/03/2020 11:15pm

Dow Jones News


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Brazilian plane maker Embraer SA said it has been developing a range of medical equipment parts to help the treatment of Covid-19 victims in Brazil, with the Boeing Co. partner planning to start production next week.

The move comes as the Pentagon is marshalling U.S. defense contractors to support the U.S. relief effort, though it has yet to identify any company-specific work being undertaken.

Embraer said it is working with its supply chain and other partners to make parts for ventilators and respirators, and develop filtration systems to support intensive-care units.

Boeing plans to pay more than $4 billion for an 80% stake in Embraer's commercial jetliner business and a joint venture in its military arm, a deal driven in part by securing access to the Brazilian company's engineering talent. The deal was due to close by the end of 2019, but has been held up by competition regulators.

 

--Doug Cameron

 

(END) Dow Jones Newswires

March 25, 2020 19:00 ET (23:00 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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