ERJ - Embraer S.A.
| Previous Close | 16.90 |
| Open | 16.92 |
| Bid | 17.01 x 800 |
| Ask | 17.02 x 1200 |
| Day's Range | 16.90 - 17.05 |
| 52 Week Range | 16.38 - 23.68 |
| Volume | 386,560 |
| Avg. Volume | 733,106 |
| Market Cap | 3.109B |
| Beta (3Y Monthly) | -0.38 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -1.02 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.04 (0.25%) |
| Ex-Dividend Date | 2018-12-28 |
| 1y Target Est | 24.07 |
- American City Business Journals
Boom Supersonic hires Embraer veteran to boost global jet sales
Boom said its hiring of an Embraer sales veteran is intended to signal to the airline world that its supersonic Overture jet is entering a new phase of development.
- Reuters
Left-wing Brazil political party sues to block Boeing-Embraer deal
A left-wing political party on Wednesday filed a lawsuit to block the sale of 80% of Brazilian planemaker Embraer SA's commercial jet division to Boeing Co for $4.2 billion (3.3 billion pounds), arguing it will harm Brazil's sovereignty. The deal, which would position Boeing to compete more directly with Airbus SE in the market for mid-sized passenger planes, has faced significant left-wing opposition largely because Embraer is seen as a strategic company for Brazil's national security. The government has authorized the deal and Embraer's shareholders are all for it.
- Reuters
New Swiss A220 jet engine failure forces checks
PARIS/ZURICH (Reuters) - U.S. engine maker Pratt & Whitney faces new checks on engines for small jetliners after an engine failure forced a Geneva-bound Swiss jet to divert to Paris and prompted a brief grounding of the rest of the airline's Airbus A220 fleet. French air crash investigators classified the problem that disrupted the Swiss flight shortly after departure from London Heathrow on Tuesday as a "serious incident" and said it would be investigated by the U.S. National Transportation Safety Board. It was the third engine incident involving the same airline and model of jet in as many months and resulted in a small amount of debris being scattered as the aircraft landed at Paris Charles de Gaulle, an airport source told Reuters.
- Reuters
UPDATE 2-New Swiss A220 jet engine failure forces checks
PARIS/ZURICH, Oct 15 (Reuters) - U.S. engine maker Pratt & Whitney faces new checks on engines for small jetliners after an engine failure forced a Geneva-bound Swiss jet to divert to Paris and prompted a brief grounding of the rest of the airline's Airbus A220 fleet. It was the third engine incident involving the same airline and model of jet in as many months and resulted in a small amount of debris being scattered as the aircraft landed at Paris Charles de Gaulle, an airport source told Reuters. Swiss, owned by Germany's Lufthansa, said after Tuesday's incident it had initially grounded its fleet of Airbus A220 jets for a "comprehensive inspection" of their engines.
- Reuters
UPDATE 1-New Pratt engine checks after Swiss A220 diverts to Paris
PARIS/VIENNA, Oct 15 (Reuters) - Pratt & Whitney recommended checks on engines on Airbus A220 aircraft and some Embraer jets after a Geneva-bound Swiss jet diverted to Paris with an engine problem, prompting the grounding of the rest of the airline's A220 fleet. French air accident investigators classified the problem that disrupted the Swiss flight shortly after departure from London Heathrow as a "serious incident" and said it would be investigated by the U.S. National Transportation Safety Board. Swiss, owned by Germany's Lufthansa, said it had grounded its fleet of 29 Airbus A220 jets for a review of their engines.
- Reuters
Pratt & Whitney seeks checks on two engine types
U.S. jet engine maker Pratt & Whitney said it had recommended additional checks on engines powering Airbus A220 and some Embraer E2 passenger jets after recent engine incidents. "Pratt & Whitney and our airframe OEMs (manufacturers), working in coordination with the regulatory authorities, have recommended additional inspections of the low-pressure compressor for PW1500G and PW1900G engines to keep the fleet operational," a spokesman said. "The engines continue to meet all criteria for continued airworthiness.
- Barrons.com
Boeing-Embraer Deal May Lift Aerospace Stocks Because Investors Like Monopolies
The number of independent jet makers is dropping. That means commercial aerospace stocks will stay popular on Wall Street for the foreseeable future.
- Reuters
UPDATE 1-Brazil's Embraer to furlough 15,000 workers ahead of Boeing deal
Brazilian planemaker Embraer SA will furlough almost 15,000 workers in January, the company said, ahead of a partial takeover by Boeing Co , a deal that still needs regulatory approval. Salaries will be paid as normal during the furlough, which will last between Jan. 6 and Jan. 20, according to the company, as well as the metalworkers union representing several thousand of Embraer's workers. Boeing has agreed to buy 80% of Embraer's commercial plane division for $4.75 billion, a deal approved by shareholders and the Brazilian government but which is undergoing an intensive regulatory investigation in Europe.
- Benzinga
EC Investigating Boeing-Embraer Joint Venture
The European Commission (EC) has opened an in-depth investigation to assess the proposed joint venture involving U.S.-based aircraft manufacturer Boeing Co (NYSE: BA) and Brazil-based Embraer SA (NYSE: ERJ). The EC has a mandate to assess mergers and acquisitions involving companies with a turnover (revenue) above certain thresholds and to prevent concentrations that would significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it. The EC is concerned that the transaction may reduce competition in the commercial aircraft sector.
- Zacks
Boeing & Embraer's Partnership Deal Put Off Till Early 2020
The recent delay in the partnership deal between Boeing (BA) and Embraer (ERJ) is due to the time required by the EC for an extensive investigation on antitrust grounds.
- Investor's Business Daily
Airbus Close To This Big Jet Order As Boeing-Embraer Tie-Up Delayed
Airbus is near a deal with Ethiopian Airlines, which had the Boeing 737 Max crash in March. The Boeing-Embraer venture is being delayed.
- Reuters
EU antitrust regulators to probe Boeing, Embraer deal
EU antitrust regulators opened on Friday a full-scale investigation into Boeing's bid for a controlling stake in Embraer's commercial aircraft arm, saying the deal may reduce competition and push up prices. The European Commission said the deal would remove world No. 3 player Embraer from the commercial aircraft industry while potential rivals from China, Japan and Russia would be unable to fill the gap in the next decade because of the high barriers to entry. The deal would also remove Embraer from the overall single aisle plane market.
- PR Newswire
EMBRAER S.A. - MATERIAL FACT
SÃO PAULO, Oct. 3, 2019 /PRNewswire/ -- As previously announced, Embraer S.A. ("Company" or "Embraer") and The Boeing Company ("Boeing") entered into certain agreements on January 24, 2019 with respect to a strategic partnership between the two companies ("Transaction"), and the shareholders of Embraer approved the Transaction on February 26, 2019. The Company hereby updates the market with respect to the estimated completion of the Transaction. The parties continue to work diligently and cooperatively to consummate the Transaction as soon as possible. In this regard, Embraer will implement the internal separation of the Company's commercial aviation business starting at the end of this fiscal year and currently expects that the Transaction will be consummated early in 2020.
- Reuters
Embraer delays timeline for close of Boeing deal to early 2020
Brazilian planemaker Embraer has delayed its expected timeline for the closing of a major deal with Boeing to early 2020, according to a securities filing on Thursday. Previously, Embraer had said repeatedly that the deal, which will see Boeing buy 80% of its commercial jet division for $4.75 billion, would close by the end of 2019. The new timeline comes after the European Commission said it would do an extensive investigation of the deal on antitrust grounds.
- PR Newswire
Boeing-Embraer Strategic Partnership Taking Shape
CHICAGO and SÃO PAULO, Oct. 3, 2019 /PRNewswire/ -- Boeing [NYSE: BA] and Embraer [B3: EMBR3, NYSE: ERJ] continue to work closely together to establish their strategic partnership, positioning both companies to deliver greater value to airline customers and the flying public, and to accelerate growth in global aerospace markets. Since receiving approval for the partnership from Embraer shareholders in February this year, the companies have undertaken diligent planning for the creation of a joint venture made up of the commercial aircraft and services operations of Embraer. Boeing will own 80 percent of the new company, to be named Boeing Brasil – Commercial.
- PR Newswire
Embraer Praetor 500 receives EASA and FAA approval, achieving triple-certification and becoming the best midsize jet on the market
MELBOURNE, FL , Sept. 30, 2019 /PRNewswire/ -- Embraer announces that the company's new Praetor 500 midsize business jet was granted its Type Certificate by EASA (European Union Aviation Safety Agency) ...
- Reuters
Embraer says Boeing deal faces in-depth European Commission probe
Brazil's Embraer said on Thursday the European Commission indicated that it intends to open an in-depth investigation into Boeing's bid for a controlling stake in the commercial aircraft arm of the Brazilian planemaker. Reuters reported earlier this week that Boeing was set to face an EU antitrust investigation of up to five months into its deal with Embraer. The preliminary review of the deal by the European Commission will end on Oct. 4.
- Moody's
Embraer Netherlands Finance BV -- Moody's announces completion of a periodic review of ratings of Embraer S.A.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Embraer S.A. New York, September 26, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Embraer S.A. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
- Reuters
UPDATE 1-Strike at Brazil's Embraer halts production at Sao Jose dos Campos plant - union
Workers at Brazilian planemaker Embraer started a strike on Tuesday that halted production at its plant in São José dos Campos, according to a statement from the metal workers' union in the city. Embraer, which agreed to sell a controlling stake in its commercial aircraft arm to Boeing Co., had no immediate comment on the labor action. "This is the first stoppage at the factory in five years," the statement said, referring to Embraer's plant in São José dos Campos.
- Investor's Business Daily
Boeing 737 Max Crash Report Said To Blame Lion Air; Regulators Meet In Montreal
It's a big week for the Boeing 737 Max. Regulators meet in Montreal to discuss its future. A report is expected to blame Boeing and Lion Air for the 2018 crash.
