|Bid||6.11 x 3200|
|Ask||0.00 x 800|
|Day's Range||6.14 - 6.34|
|52 Week Range||3.99 - 20.92|
|Beta (5Y Monthly)||0.30|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Dec 28, 2018|
|1y Target Est||9.52|
Brazilian capital markets stormed back in the second quarter, powered by domestic investors seeking alternatives to meager fixed-income returns even as the COVID-19 pandemic wreaked havoc on the economy. Equity sales by Brazilian companies grew 10% in the first half to $9.9 billion, according to Refinitiv data, surprising many bankers given the weak first quarter and in sharp contrast with a swoon in deals. Other large Latin American markets stayed on the sidelines, with Panamanian airline Copa Holdings the only non-Brazilian company to conclude a share sale.
A union representing workers at Embraer filed a lawsuit on Friday seeking to dismiss the company's board, after a $4.2 billion deal with Boeing Co <BA.N> collapsed amid the pandemic, claims the Brazilian planemaker said were an act of "bad faith." Embraer said the union was "using unfounded allegations and distorting information in order to confuse public opinion and the company's workers." The lawsuit is the latest headache for Embraer in the aftermath of its breakup with Boeing.
A union representing workers at planemaker Embraer filed a lawsuit on Friday seeking to dismiss the company's board, after a $4.2 billion deal with Boeing Co collapsed amid the pandemic, leaving the Brazilian jetmaker scrambling for a new path forward. The lawsuit is the latest headache for Embraer in the aftermath of its breakup with Boeing. Under the deal signed in 2018, Boeing was going to buy the majority of Embraer's commercial aviation unit in order to take on Airbus in the mid-range jet segment.
The world's No. 3 planemaker Embraer SA <EMBR3.SA> said on Thursday it was negotiating buyouts, signaling likely cuts in its workforce due to the coronavirus pandemic that has hammered the travel industry. Larger rivals Boeing Co <BA.N> and Airbus <AIR.PA> have each announced plans to cut over 10,000 jobs, although the French planemaker is still negotiating due to government pressure. Embraer said it is discussing with some of its unions the possibility of offering buyouts for workers who are currently furloughed.
Huntington Ingalls (HII) clinches deal that includes options for engineering change proposals, design budgeting requirements and post-delivery availabilities on the DDG 51 ship.
Raytheon Technologies (RTX) will provide seven transportable surveillance and control model 2 radars to the Saudi Arabian military, per the recent deal terms.
Northrop Grumman's (NOC) MQ-4C Triton UAS is equipped to provide real-time intelligence, surveillance and reconnaissance (ISR) over vast ocean and coastal regions.
In this article we will take a look at whether hedge funds think Embraer SA (NYSE:ERJ) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips from […]
Boeing's (BA) AH-64 Apache has already been deployed by militaries of India, the United Kingdom, Netherlands, Israel and Egypt, among many other, alongside the United States.
Moody's Investors Service, ("Moody's") has today downgraded the Corporate Family and Probability of Default rating of TRANSPORTES AEREOS PORTUGUESES, S.A. (TAP) to Caa2 from Caa1 and to Caa2-PD from Caa1-PD respectively. Concurrently Moody's has also downgraded TAP's Baseline Credit Assessment (BCA) to caa3 from caa2 and the E375 million senior unsecured notes to Caa2 from Caa1.
Global development banks are mobilizing billions of US dollars in capital to fund initiatives in Latin America as commercial bank lending slumps throughout the region, which is grappling with a spike in coronavirus cases and a severe dip in projected economic performance. In recent months, the Inter-American Development Bank Group’s IDB Invest, which supports private sector companies in Latin America and the Caribbean, has increased its funding program by US$2bn to US$7bn. Meanwhile, Latin American syndicated loans led by commercial banks tallied just US$3.5bn for the first half of 2020, down 90% from the first half of last year, according to Refinitiv LPC data.
GE has named Embraer executive John Slattery to succeed aerospace industry icon David Joyce. Now Wall Street analysts are weighing in.
Four senior executives are leaving Embraer SA <EMBR3.SA>, in addition to its commercial aviation chief, in the wake of a failed deal with Boeing Co <BA.N> and as a new chief executive reassess the jet maker's path forward, three sources said. The executives include Nelson Salgado, current Chief Operations Officer who previously worked as Chief Financial Officer and has worked at Embraer for more than 30 years. The aircraft project is personally supported by Embraer's CEO Francisco Gomes Neto, who considers it a high-risk, high-reward project.
Embraer SA said on Monday it had secured a $600 million (476.23 million pounds) loan, partly backed by Brazil's government, at the same time as a key executive departed the planemaker weeks after a potentially transformational deal with Boeing Co fell apart. John Slattery, who headed Embraer's commercial aviation unit, will become chief executive of aircraft engine-maker GE Aviation. Slattery had championed the $4.2 billion Boeing-Embraer agreement, and was set to become a Boeing executive in charge of the Embraer partnership once the deal closed for Boeing to take control of Embraer's commercial planes unit.
Embraer (B3: EMBR3, NYSE: ERJ) informs the market and the general public that, as part of its diligent management of indebtedness and liquidity, it has finalized the terms of contracts for working capital and export financing of a total of up to US$ 600 million, with up to four years until maturity.
John Slattery replaces GE veteran David Joyce. Boeing and coronavirus headwinds have roiled the aviation unit. GE stock fell.
Shares of Embraer (NYSE: ERJ) traded down nearly 5% on Monday afternoon, and were down more than 9% earlier in the session, after the Brazilian aerospace giant lost a key executive to General Electric (NYSE: GE). It's a time of transition for Embraer, which will now have to plot a course forward with a new head of commercial aviation. On Monday GE named John S. Slattery, CEO of Embraer's commercial aviation division, to head its GE Aviation unit.
Planemaker Embraer SA said on Monday that the head of its commercial aviation unit, John Slattery, was leaving the company to become chief executive of aircraft engine-maker GE Aviation , weeks after a $4.2 billion deal with Boeing collapsed. Slattery had championed the Boeing-Embraer deal, and he was ready to become a Boeing executive in charge of the Embraer partnership once the deal closed.
Irishman John Slattery, 51, succeeds influential veteran David Joyce, retiring after 40 years with the U.S. conglomerate. The appointment comes weeks after the collapse of a planned aerospace alliance between Embraer and Boeing Co, which Slattery had defended, and marks what one observer referred to as a shift of culture as the industry faces its worst crisis. GE’s once-high-flying Aviation unit has been hit by the drop in air travel, adding to the toll from hundreds of grounded Boeing 737 MAX jetliners.
GE is a global leader in jet engines, and David Joyce has overseen 10 jet-engine families in a career spanning 40 years.
Embraer SA <EMBR3.SA> said on Monday it had secured a $600 million loan, partly backed by Brazil's government, at the same time as a key executive departed the planemaker weeks after a potentially transformational deal with Boeing Co <BA.N> fell apart. John Slattery, who headed Embraer's commercial aviation unit, will become chief executive of aircraft engine-maker GE Aviation <GE.N>. Slattery had championed the $4.2 billion Boeing-Embraer agreement, and was set to become a Boeing executive in charge of the Embraer partnership once the deal closed for Boeing to take control of Embraer's commercial planes unit.
General Electric Co. said Monday that David Joyce, chief executive officer of GE Aviation, will retire, after 12 years in the role and 40 years at the company. The industrial conglomerate said it named John Slattery, CEO of Embraer S.A.'s commercial aviation business, will be CEO of GE Aviation, effective July 13. GE's stock dropped 3.6% in premarket trading. The stock slumped 8.0% last week to snap a 3-week win streak in which the stock rallied 43.5%. In comparison, the Dow Jones Industrial Average fell 5.6% last week, after running up 14.5% the previous 3 weeks.
Manufacturers in Brazil like Marcopolo SA and Randon are trying to show they can safely operate their factories at reduced capacity, dodging the coronavirus-induced shutdowns that have hit the mining and food processing sectors. Aside from iron ore miner Vale SA, which was forced just last week to shut down one of its major complexes after an outbreak there, meatpackers JBS SA and BRF SA have also recently been forced by Brazilian judges to shutter their plants. Coronavirus outbreaks had affected their workers while running operations at full steam.