January 11, 2019 | International, Aerospace
SAO PAULO and CHICAGO, Jan. 10, 2019 /PRNewswire/ -- Embraer [B3: EMBR3, NYSE: ERJ] and Boeing [NYSE: BA] have welcomed approval by the Government of Brazil of the strategic partnership that will position both companies to accelerate growth in global aerospace markets.
The government's approval comes after the two companies last month approved terms for the joint venture that will be 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 companies have also agreed to the terms of another 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.
Once Embraer's Board of Directors ratifies its prior approval, the two companies will then execute definitive transaction documents. The closing of the transaction will be subject to shareholder and regulatory approvals and customary closing conditions. Assuming the approvals are received in a timely manner, the transaction is intended to close by the end of 2019.
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 reach final agreement on a transaction, 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.
Media Contacts:
Chaz Bickers
Boeing Communications
charles.n.bickers@boeing.com
312-544-2002
Valtecio Alencar
Global Corporate Communications
Embraer
Valtecio.alencar@embraer.com.br
11-3040-6891
SOURCE Boeing
July 28, 2023 | International, C4ISR, Security, Other Defence
Italy's state-controlled defence and aerospace group Leonardo needs to focus on the fast-growing cybersecurity and space sectors to keep up with industry trends, its new CEO said on Friday.
November 25, 2019 | International, Aerospace
The U.S. government is pushing into hypersonic weapons in a big way, with at least five different weapons programs currently in development. Nanotechnology is shaping up to be a key tech that will enable delivery systems to survive traveling through the atmosphere at Mach 5 and above, with carbon nanotubes showing promise as strong, lightweight material that rapidly sheds heat. Hypersonic weapons are weapons that travel at incredible speeds through the atmosphere. Hypersonics start at Mach 5 (3,836 miles an hour), or five times the speed of sound. Pushing an object through the air at really, really fast speeds creates a unique problem: as speed increases, the friction from the object passing through air also increases. This friction generates heat. The skin of the SR-71 Blackbird strategic reconnaissance jet and the fasted manned airplane ever built regularly warmed to up to 500 degrees Fahrenheit at Mach 3. The X-15 rocket plane, flown during the 1960s, reached temperatures of 1200 Fahrenheit as it flew to Mach 6. At Mach 10, the friction is enough to “melt the toughest steel,” while at Mach 20, the temperature reaches an astounding 17,000 Fahrenheit. Eventually, hypersonic weapons could reach Mach 24. Scientists and engineers understand how to handle traditional air friction problems thanks to the technical challenges of spacecraft and nuclear warheads re-entering the atmosphere. But a missile warhead de-orbiting over an enemy target is only exposed to heat for a handful of minutes, as it transitions from space to the atmosphere and finally smashes into its target. A hypersonic weapon, on the other hand, spends its entire flight within the atmosphere and is exposed to high heat the entire time. An article at DefenseOne describes how scientists are working with carbon nanotubes to solve the heat issue. Scientists at Florida State University's High-Performance Materials Institute are looking into using carbon nanotubes as a construction material for hypersonic weapons. Carbon nanotubes are a synthetic material consisting of carbon tubes with a diameter as small as one nanometer. Carbon nanotubes are stronger than steel and insulate against heat. Now, researchers have discovered that soaking carbon nanotubes in phenol can increase their ability to disperse heat by one-sixth, allowing less nanomaterials to be used for the same job. What does this mean for hypersonic weapons? It means that materials that can stand the heat and stresses of hypersonic, atmospheric travel are on the way, and that hypersonic weapon designers could even safely achieve higher speeds by using thicker layers of the stuff. https://www.popularmechanics.com/military/research/a29847271/us-military-nanotech/
December 6, 2021 | International, Aerospace
DÉFENSE Le consortium SAMI (Saudi Arabian Military Industries) signe des accords avec Airbus et Figeac Aéro pour la création de deux coentreprises Saudi Arabian Military Industries (SAMI), consortium d'Etat des industries militaires d'Arabie Saoudite, a annoncé samedi la signature d'un accord avec Airbus pour la création d'une coentreprise spécialisée dans la maintenance de l'aéronautique militaire. La part de SAMI s'élèvera à 51%, celle d'Airbus à 49%. SAMI a également annoncé la création d'une autre coentreprise avec Figeac Aéro, en partenariat avec Dussur (Saudi Arabian Industrial Investments Company). La SAMI FIGEAC AÉRO Manufacturing LLC (SFAM) vise à construire en Arabie Saoudite une usine de production de pièces d'aérostructures de haute précision. La participation de SAMI s'élèvera à 60%, contre 40% pour le groupe français. Cet accord a été signé par Walid Abukhaled, CEO de SAMI, et Jean-Claude Maillard, PDG de Figeac Aéro. La coentreprise a pour objectif de « développer les capacités industrielles de l'Arabie Saoudite en matière d'aérostructures, de former des ingénieurs et des techniciens locaux pour travailler dans le cadre du projet et de favoriser l'implantation d'acteurs du secteur aéronautique militaires et civiles conformément à la Vision 2030 du Royaume. Les premières pièces produites seront des éléments en alliage léger (aluminium) et métaux durs (titane) », indique Figeac Aéro. L'Usine Nouvelle et Les Echos Investir du 6 décembre