Boeing to Pay Embraer $150 Million After Aborted Deal
Key Points Boeing will pay Embraer $150 million following arbitration. Boeing canceled a $4.2 billion acquisition of Embraer’s commercial jet unit in 2020. Analysts had expected a higher payout, between $300 million and $400 million. Despite the lower settlement, Embraer’s stock is up 120% in 2023 due to strong demand for its aircraft. Boeing will pay Brazilian planemaker Embraer $150 million following its decision to depart from a planned commercial aviation partnership in 2020. The payment, announced on Monday, marks...