miércoles, 27 de febrero de 2019
Boeing-Embraer partnership receives shareholder approval
Boeing's press release
SAO PAULO and CHICAGO, Feb. 26, 2019 /PRNewswire/ -- The proposed strategic partnership between Boeing [NYSE: BA] and Embraer [B3: EMBR3, NYSE: ERJ] was approved today by Embraer's shareholders during an Extraordinary General Shareholders' Meeting held at the company's headquarters in Brazil.
At the special meeting, 96.8 percent of all valid votes cast were in favor of the transaction, with participation of approximately 67 percent of all outstanding shares. Shareholders approved the proposal that will establish a joint venture made up of the commercial aircraft and services operations of Embraer. Boeing will hold an 80 percent ownership stake in the new company, and Embraer will hold the remaining 20 percent.
The transaction values 100 percent of Embraer's commercial aircraft operations at $5.26 billion, and contemplates a value of $4.2 billion for Boeing's 80 percent ownership stake in the joint venture.
Embraer shareholders also agreed to a joint venture to promote and develop new markets for the multi-mission medium airlift KC-390. Under the terms of this proposed partnership, Embraer will own a 51 percent stake in the joint venture, with Boeing owning the remaining 49 percent.
"This groundbreaking partnership will position both companies to deliver a stronger value proposition for our customers and other stakeholders and create more opportunities for our employees," said Paulo Cesar de Souza e Silva, President and CEO of Embraer. "Our agreement will create mutual benefits and boost the competitiveness of both Embraer and Boeing."
"Approval by Embraer's shareholders is an important step forward as we make progress on bringing together our two great aerospace companies. This strategic global partnership will build on Boeing's and Embraer's long history of collaboration, benefit our customers and accelerate our future growth," said Dennis Muilenburg, Boeing chairman, president and chief executive officer.
Embraer's defense and executive jet business and services operations associated with those products would remain as a standalone publically-traded company. A series of support agreements focused on supply chain, engineering and facilities would ensure mutual benefits and enhanced competitiveness between Boeing, the joint venture and Embraer.
"Our shareholders have recognized the benefits of partnering with Boeing in commercial aviation and the promotion of the multi-mission airlift KC-390, as well as understanding the opportunities that exist in the executive aviation and defense business," said Nelson Salgado, Embraer Executive Vice President of Finance and Investor Relations.
"People across Boeing and Embraer share a passion for innovation, a commitment to excellence, and a deep sense of pride in their products and their teams – these joint ventures will strengthen those attributes as we build an exciting future together," said Greg Smith, Boeing Chief Financial Officer and Executive Vice President of Enterprise Performance & Strategy.
Boeing and Embraer announced in December 2018 that they had approved the terms for the joint ventures and the Brazilian government gave its approval in January 2019. Shortly thereafter, Embraer's board of directors ratified its support for the deal and definitive transaction documents were signed. The closing of the transaction is now subject to obtaining regulatory approvals and the satisfaction of other customary closing conditions, which Boeing and Embraer hope to achieve by the end of 2019.
Embraer will continue to operate the commercial aviation business and the KC-390 program independently until the closing of the transaction.
Forward-Looking Information Is Subject to Risk and Uncertainty
Certain statements in this release may be "forward-looking" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the proposed terms of the transaction, the ability of the parties to satisfy the conditions to executing or closing the transaction and the timing thereof, and the benefits and synergies of the proposed transaction, as well as any other statement that does not directly relate to any historical or current fact. Forward-looking statements are based on current assumptions about future events that may not prove to be accurate. These statements are not guarantees and are subject to risks, uncertainties and changes in circumstances that are difficult to predict. Many factors could cause actual results to differ materially from these forward-looking statements. As a result, these statements speak only as of the date they are made and neither party undertakes an obligation to update or revise any forward-looking statement, except as required by law. Specific factors that could cause actual results to differ materially from these forward-looking statements include the effect of global economic conditions, the ability of the parties to consummate such a transaction and realize anticipated synergies, and other important factors disclosed previously and from time to time in the filings of The Boeing Company and/or Embraer with the Securities and Exchange Commission.
[photos & video] Boeing introduces new unmanned "loyal wingman" for air forces
press release
photos & media provided by boeing in its press release through this link http://dropbox.navigon.net/
Boeing [NYSE: BA] has introduced its newest unmanned platform, the Boeing Airpower Teaming System.
Designed for global defense customers by Boeing Australia, it is the company’s largest investment in a new unmanned aircraft program outside the United States.
The aircraft will complement and extend airborne missions through smart teaming with existing military aircraft.
A model of the Boeing Airpower Teaming System was unveiled at the Australian International Airshow by the Australian Minister for Defence, the Hon. Christopher Pyne MP. As a research and development activity, the Australian Government and Boeing will produce a concept demonstrator called the Loyal Wingman – Advanced Development Program that will provide key learnings toward the production of the Boeing Airpower Teaming System.
“The Boeing Airpower Teaming System will provide a disruptive advantage for allied forces’ manned/unmanned missions,” said Kristin Robertson, vice president and general manager of Boeing Autonomous Systems. “With its ability to reconfigure quickly and perform different types of missions in tandem with other aircraft, our newest addition to Boeing’s portfolio will truly be a force multiplier as it protects and projects air power.”
The Boeing Airpower Teaming System will:
-- Provide fighter-like performance, measuring 38 feet long (11.7 metres) and able to fly more than 2,000 nautical miles
-- Integrate sensor packages onboard to support intelligence, surveillance and reconnaissance missions and electronic warfare
-- Use artificial intelligence to fly independently or in support of manned aircraft while maintaining safe distance between other aircraft.
“This aircraft is a historic endeavor for Boeing. Not only is it developed outside the United States, it is also designed so that our global customers can integrate local content to meet their country-specific requirements,” said Marc Allen, president, Boeing International. “The Boeing Airpower Teaming System provides a transformational capability in terms of defense, and our customers – led by Australia – effectively become partners on the program with the ability to grow their own sovereign capabilities to support it, including a high-tech workforce.”
First flight is planned for 2020.
photos & media provided by boeing in its press release through this link http://dropbox.navigon.net/
- Boeing Airpower Teaming System will provide multi-mission support for air control missions
- Designed for in-country customization and growth of sovereign capabilities
- Boeing’s first unmanned aircraft developed in Australia
Boeing [NYSE: BA] has introduced its newest unmanned platform, the Boeing Airpower Teaming System.
Designed for global defense customers by Boeing Australia, it is the company’s largest investment in a new unmanned aircraft program outside the United States.
The aircraft will complement and extend airborne missions through smart teaming with existing military aircraft.
A model of the Boeing Airpower Teaming System was unveiled at the Australian International Airshow by the Australian Minister for Defence, the Hon. Christopher Pyne MP. As a research and development activity, the Australian Government and Boeing will produce a concept demonstrator called the Loyal Wingman – Advanced Development Program that will provide key learnings toward the production of the Boeing Airpower Teaming System.
“The Boeing Airpower Teaming System will provide a disruptive advantage for allied forces’ manned/unmanned missions,” said Kristin Robertson, vice president and general manager of Boeing Autonomous Systems. “With its ability to reconfigure quickly and perform different types of missions in tandem with other aircraft, our newest addition to Boeing’s portfolio will truly be a force multiplier as it protects and projects air power.”
The Boeing Airpower Teaming System will:
-- Provide fighter-like performance, measuring 38 feet long (11.7 metres) and able to fly more than 2,000 nautical miles
-- Integrate sensor packages onboard to support intelligence, surveillance and reconnaissance missions and electronic warfare
-- Use artificial intelligence to fly independently or in support of manned aircraft while maintaining safe distance between other aircraft.
“This aircraft is a historic endeavor for Boeing. Not only is it developed outside the United States, it is also designed so that our global customers can integrate local content to meet their country-specific requirements,” said Marc Allen, president, Boeing International. “The Boeing Airpower Teaming System provides a transformational capability in terms of defense, and our customers – led by Australia – effectively become partners on the program with the ability to grow their own sovereign capabilities to support it, including a high-tech workforce.”
First flight is planned for 2020.