April 27, 2020 | International, Aerospace
By: The Associated Press
CHICAGO — Boeing announced Saturday it terminated an agreement to join forces with Embraer, prompting an angry response from the Brazilian jet maker, which threatened to seek damages.
The pair had planned to work together on Embraer's commercial aviation business and to develop new markets for its C-390 Millennium aircraft. They had been working toward an agreement for two years.
Boeing said it ended the agreement after Embraer did not meet conditions laid out by the deal, in which Boeing would have held majority ownership. Over the past few months, the companies had “productive but ultimately unsuccessful negotiations” about the unsatisfied conditions, which was “deeply disappointing,” Marc Allen, Boeing's president of Embraer partnership and group operations, said in a news release.
Embraer issued a statement saying it “believes strongly that Boeing has wrongfully terminated” the mutual transaction agreement and “that it has manufactured false claims as a pretext to seek to avoid its commitments to close the transaction and pay Embraer the US$4.2 billion purchase price.”
“We believe Boeing has engaged in a systematic pattern of delay and repeated violations of the MTA (master transaction agreement), because of its unwillingness to complete the transaction in light of its own financial condition and 737 Max and other business and reputational problems,” it added.
“Embraer will pursue all remedies against Boeing for the damages incurred by Embraer as a result of Boeing's wrongful termination and violation of the MTA,” the company said.
The collapse marked the latest mishap for Boeing. The company's best-selling plane, the 737 Max, has been grounded for more than a year after two deadly crashes that led to federal investigations. Those problems, combined with deflated demand for flights due to the pandemic, sharply reduced the company's cash.
https://www.defensenews.com/air/2020/04/26/boeing-ends-deal-angering-brazilian-jet-maker-embraer/
November 28, 2023 | International, Land
In detail, the EW system integrates into the new Naval Units the excellence developed by both companies in their respective national naval programs
August 1, 2023 | International, C4ISR, Other Defence
Archer Aviation shares jumped as much as 33% on Monday after the air taxi maker entered into a deal to provide up to six of its "Midnight" aircraft to the U.S. Air Force.
July 24, 2019 | International, Aerospace, Naval, Land, C4ISR, Security, Other Defence
DEFENSE LOGISTICS AGENCY Innovation Associates Inc., Johnson City, New York, has been awarded a maximum $450,000,000 firm‐fixed‐price, indefinite‐delivery/indefinite‐quantity contract for automated pharmaceutical equipment, accessories, maintenance and training under the Patient Monitoring and Capital Equipment Program. This is a five-year base contract with one five‐year option period. This was a competitive acquisition with 36 responses received. Location of performance is New York, with a July 22, 2024, performance completion date. Using customers are Army, Navy, Air Force, Marines, and federal civilian agencies. Type of appropriation is fiscal 2019 through 2024 defense working capital funds. The contracting activity is the Defense Logistics Agency Troop Support, Philadelphia, Pennsylvania (SPE2D1‐19‐D‐0017). Sikorsky Aircraft Corp., Stratford, Connecticut, has been awarded a maximum $9,804,501 firm-fixed-price delivery order (SPRPA1-19-F-C15B) against basic ordering agreement SPRPA1-17-G-C101, for H-53 hydraulic fluid tanks. This was a sole-source acquisition using justification 10 U.S. Code 2304 (c)(1), as stated in Federal Acquisition Regulation 6.302-1. This is a one-year contract with no option periods. Location of performance is Connecticut, with a Sept. 30, 2020, performance completion date. Using military service is Navy. Type of appropriation is fiscal 2019 Navy working capital funds. The contracting activity is the Defense Logistics Agency Aviation, Philadelphia, Pennsylvania. ARMY ASNA, Santa Ana, California (W911QY-19-D-0045); and Mills Manufacturing Corp.,* Ashville, North Carolina (W911QY-19-D-0046), will compete for each order of the $249,000,000 firm-fixed-price contract for the purchase T-11 Personnel Parachute System. Bids were solicited via the internet with two received. Work locations and funding will be determined with each order, with an estimated completion date of July 22, 2019. U.S. Army Contracting Command, Aberdeen Proving Ground, Maryland, is the contracting activity. North Carolina Division of Services for the Blind, Raleigh, North Carolina, was awarded a $42,289,265 firm-fixed-price contract for full food services to be provided at Fort Bragg, North Carolina. Bids were solicited via the internet with five received. Work locations and funding will be determined with each order, with an estimated completion date of July 31, 2024. U.S. Army Mission and Installation Contracting Command, Fort Sam Houston, Texas, is the contracting activity (W9124J-19-D-0014). NAVY GCR-MDI LLC,* Pinehurst, North Carolina, is awarded an $8,014,356 indefinite-delivery/indefinite-quantity contract for base operations support services at Naval Submarine Base, Kings Bay, and outlying areas. The work to be performed provides for base operations support services to include custodial, pest control, integrated solid waste management, grounds maintenance and landscaping, pavement clearance, and other related services. The maximum dollar value including the base period and four option years is $40,320,917. Work will be performed in Kings Bay, Georgia (99%); and outlying areas (1%), and is expected to be completed by September 2020. If all options are exercised, work will continue through September 2024. No funds will be obligated at time of award. Fiscal 2020 operations and maintenance (Navy); fiscal 2020 Defense Health Program; and fiscal 2020 family housing operations and maintenance (Navy) contract funds in the amount of $7,527,488 for recurring work will be obligated on individual task orders issued during the base period. This contract was competitively procured via the Navy Electronic Commerce Online website, with three proposals received. The Naval Facilities Engineering Command, Southeast, Jacksonville, Florida, is the contracting activity (N69450-19-D-1725). *Small Business https://dod.defense.gov/News/Contracts/Contract-View/Article/1914030//