Boeing's Brazilian Partner Embraer Making Medical Kit

Date : 03/25/2020 @ 11:15PM
Source : Dow Jones News
Stock : Embraer SA (EMBR3)
Quote : 9.71  0.39 (4.18%) @ 8:03PM

Boeing's Brazilian Partner Embraer Making Medical Kit

Embraer ON (BOV:EMBR3)
Historical Stock Chart

1 Month : From Mar 2020 to Mar 2020

Click Here for more Embraer ON Charts.

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.


$
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.