Boeing drops $ 4.2 billion in Embraer Venture; Next T1 results

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Boeing Co. ((BA) – Get a report Stocks traded lower on Monday after planner ended planned $ 4.2 billion joint venture with Brazilian Embraer SA ((ERJ) – Get a report.

The two-year deal was canceled on Saturday evening after a cut-off date to close the gap between Embraer’s commercial aviation division and Boeing, which has come and gone without progress. Embraer, however, said the difficulties of the Boeing 737 MAX, as well as its coronavirus problems, led it to “wrongly” terminate the unfortunate deal.



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