Boeing (NYSE:BA) has partnered with Embraer to give the KC-390 more ‘global appeal’.
Boeing Sharing Knowledge With Brazil Firm
Boeing (NYSE:BA) announced that it has teamed up with Brazilian manufacturer Embraer for an extra credibility boost of the company’s KC-390 program.
Both the companies will share some specific technical knowledge and evaluate markets where they may join their sales efforts for medium-lift military transport opportunities.
Dennis Muilenburg, president and CEO of Boeing (NYSE:BA) Defense, Space & Security, said that, “Embraer is a leading global innovator and we both understand the value of working in partnership to provide high-quality, affordable customer solutions.This collaboration matches Boeing (NYSE:BA)’s proven excellence in military transport with Embraer’s KC-390 accomplishments to further advance this highly capable and efficient medium-lift aircraft”.
Boeing Co. (NYSE:BA) shares were at 71.87 at the end of the last day’s trading. There’s been a -3.3% change in the stock price over the past 3 months.