EMBRAER S.A. - MATERIAL FACT

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Rhea-AI Summary

Embraer S.A. (B3: EMBR3, NYSE: ERJ) has announced the conclusion of pending arbitration proceedings with The Boeing Company. As part of a collar agreement between the parties, Boeing will pay Embraer a gross amount of USD 150 million. This material fact was disclosed on September 16, 2024, in compliance with Resolution CVM nº 44/2021, informing shareholders and the market about this significant development. The announcement was made by Antonio Carlos Garcia, Executive Vice President of Financial & Investor Relations at Embraer.

Positive

Resolution of pending arbitration proceedings with Boeing
Embraer to receive USD 150 million gross payment from Boeing

Negative

None.

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News Market Reaction – ERJ

The recorded move for ERJ in the trading session of this news was -4.11%.

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09/16/2024 - 09:24 AM EDT

SÃO JOSE DOS CAMPOS, Brazil, Sept. 16, 2024 /PRNewswire/ --

EMBRAER S.A.
Publicly Held Company
CNPJ/MF: 07.689.002/0001-89
NIRE: 353.003.257-67

/PRNewswire/ -- EMBRAER S.A. ("Embraer") (B3: EMBR3, NYSE: ERJ), in attention to Resolution CVM nº 44/2021, informs its shareholders and the market in general that the pending arbitration proceedings between Embraer and its affiliates, on the one hand, and The Boeing Company ("Boeing") and its affiliates, on the other hand, have concluded.

Pursuant to a collar agreement recently entered into between the parties, Boeing will pay the gross amount of USD 150 million to Embraer.

São José dos Campos, September 16, 2024.

Antonio Carlos Garcia
Executive Vice President, Financial & Investor Relations

View original content:https://www.prnewswire.com/news-releases/embraer-sa---material-fact-302249070.html

SOURCE Embraer S.A.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the outcome of the arbitration between Embraer and Boeing?

The arbitration proceedings between Embraer and Boeing have concluded, resulting in Boeing agreeing to pay Embraer a gross amount of USD 150 million as part of a collar agreement.

How much will Boeing pay Embraer (ERJ) in the settlement?

Boeing will pay Embraer (ERJ) a gross amount of USD 150 million as part of the settlement.

When was the settlement between Embraer (ERJ) and Boeing announced?

The settlement between Embraer (ERJ) and Boeing was announced on September 16, 2024.

What type of agreement was reached between Embraer (ERJ) and Boeing?

Embraer (ERJ) and Boeing reached a collar agreement as part of the settlement of their arbitration proceedings.

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EMBRAER S.A. - MATERIAL FACT