Boeing and Embraer have prepared contracts of their proposed tie-up and are expected to submit them to the Brazilian government within two weeks, Brazilian newspaper reported.
The proposed merger, which would need the go-ahead from the Brazilian government, would leave Boeing as the majority partner, according to Valor Economico report on its website Monday.
Embraer would however keep sole control of its military activities. Valor said the two aircraft manufacturers had "already prepared the memorandums of understanding and requested a meeting to present" their project to the Brazilian government.
Embraer told AFP that it was in "advanced negotiations" over the deal but refused to comment on details.
Embraer was founded as a state group in 1969 before being privatized in 1994, although the Brazilian government retained the right to make strategic decisions for the company.
Valor said the two companies expect the meeting to take place "in the next two weeks."
Boeing AH-64 Apache helicopters and Turkish TAI T-129 ATAK helicopters are in fray for Moroccan helicopter program. Morocco reportedly is in negotiations with American Boeing for the purchase of Apache AH-64 helicopters for its Armed Forces
Bell Boeing has won $4.1 billion modification to convert the previously awarded V-22 tiltrotor aircraft advance acquisition contract to a fixed-price-incentive-fee multiyear contract
Amidst current Washington-Moscow tensions, Ural Boeing Manufacturing (UBM), a joint venture between Russian VSMPO-AVISMA and Boeing will launch production of aircraft components from its new plant in the Titanium Valley Special Economic Zone, Sverdlovsk Region of Russia. The UBM facility will perform rough and final machining of titanium blanks, airplane fuselage components, wing and pylon structural elements, chassis parts for all models of the Boeing civil aviation programme, including the new 777X model, a Rostec statement said
Boeing has won a $80.7 million worth contract to supply four new build MH-47G rotary wing aircraft to the US Army Special Operations Aviation Command (USASOC), the Department of defense announced Thursday
Embraer has completed Troop unloading, evacuation by hatch and evacuation tests through the front and rear doors of the KC-390 airlift. The tests were held at Brasília Air Force Base, Brazil
Boeing and Embraer are in talks to set up an assembly line for the production of KC-390 cargo jets in the United States. The two aircraft manufacturers announced a deal for sales and services partnership on the new KC-390 jets through a separate defense venture that they said was likely to eventually receive a joint investment in July,
Boeing and Embraer today announced they have signed a MoU to set up a joint venture comprising the commercial aircraft business of Embraer that would strategically align with Boeings commercial development, production, marketing and lifecycle services operations. Under the terms of the agreement, Boeing will hold an 80 percent ownership stake in the joint venture and Embraer will own the remaining 20 percent stake
Airbus' VSR700 UAS Makes First Flight
General Atomics, Hellenic AF to Conduct Maritime Surveillance Demo Using MQ-9 Drones
F-35, F-22 Jets To Be Displayed at Dubai Airshow 2019
Israel Launches Project ‘Hercules’ to Counter Cyber Threats to Aviation
Bangladesh to Buy Fighter Jets, Apache Gunships & Missile Systems from US
India's Tejas Mk2 in Final Trials
Russia Seeks Customers for 6 Upgraded, Former Indian Air Force Su-30 Fighters
China’s J-20 Fighter May Have Entered Mass Production with Increased Deployment
Several joint production and direct procurement programs could be halted if the US and Europe carry through with their threat...
Sanctions-hit Iran has found ingenious ways to develop military hardware
Artificial Intelligence (AI) is rapidly permeating the defence industry to aid and improve human decision-making
Upgrade of Russias Sukhoi Su-30SM fighters to equip them with armaments, radar, sensors and engines from the more powerful Su-35...
US companies sanctioned by China for supplying weapons to Taiwan may be denied rare earth elements (REEs), which have critical...
While the US F-35 stealth aircraft has become one the fastest selling fighter jets in the world aircraft market, thanks...