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TheStreet Open House

Boeing And Embraer Sign Agreement For Broad Business Cooperation To Benefit Customers And Support Industry Growth

Boeing and Embraer have already engaged in other cooperative agreements. In July 2011 they announced plans to jointly fund an analysis of opportunities to produce sustainable aviation jet fuel from sugarcane. In March 2012, Boeing, Embraer and Airbus announced a memorandum of understanding to work together on the development of drop-in, affordable aviation biofuels.

Embraer has had a corporate presence in the U.S. for over 3 decades and last year started manufacturing activities at its facility in Melbourne, Florida, where it is currently assembling executive jets. More recently, Embraer announced the creation of the Embraer Engineering and Technology Center USA to conduct research and development activities for both product and technology development across Embraer's business lines.

Boeing has had a strong and enduring partnership with Brazil for 80 years, since delivery of 14 F4B-4 fighters to the Brazilian Government in 1932 and as a commercial aircraft provider to Brazilian airlines. In October 2011, Boeing opened its Brazil office in Sao Paulo, and said in December that it will partner with the Brazil-U.S. Fulbright Commission to fund "Science Without Borders" fellowships for 14 Brazilian aerospace and aeronautical engineering students. Last week, the company announced that it will open Boeing Research & Technology-Brazil to work with leading Brazilian researchers and scientists to develop aerospace technologies.

The U.S.-Brazil CEO Forum comes together to provide joint recommendations to the two Governments on ways to strengthen the U.S.- Brazil economic relationship. This is the Forum's seventh meeting.

About Embraer:

Embraer S.A. is the world's largest manufacturer of commercial jets up to 120 seats, and one of Brazil's leading exporters. Headquartered in Sao Jose dos Campos, Sao Paulo, it has offices, industrial operations and customer service facilities in Brazil, China, France, Portugal, Singapore, and the U.S. Embraer designs, develops, manufactures and sells aircraft and systems for the commercial aviation, executive aviation, and defense and security segments. It also provides after sales support and services to customers worldwide.  For more information, please visit www.embraer.com

About Boeing

Headquartered in Chicago, Illinois, U.S.A., Boeing is the world's largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems. Boeing Research & Technology collaborates with customers, suppliers, universities and research-and-development agencies throughout the world to provide a broad base of innovative and affordable technologies for Boeing's business units. For more information, please visit www.boeing.com.

Contacts:

Embraer Communications In Brazil: Flavia Sekles flavia.sekles@embraer.com.br 55-12-8111-0600

In the U.S. Robert Stangarone rstangarone@embraer.com (954) 260-9939

Boeing Communications Karen Crabtree +1 206-766-2930   karen.r.crabtree@boeing.com

SOURCE Boeing

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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