EMBRAER S.A. - MATERIAL FACT
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.
News Market Reaction 1 Alert
On the day this news was published, ERJ declined 4.11%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
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
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
What is the outcome of the arbitration between Embraer and Boeing?
How much will Boeing pay Embraer (ERJ) in the settlement?
When was the settlement between Embraer (ERJ) and Boeing announced?
What type of agreement was reached between Embraer (ERJ) and Boeing?
