Embraer SA (ERJ.N)
26 May 2017
Latest Key Developments (Source: Significant Developments)
Boeing Co : Boeing, Embraer unveil newest ecodemonstrator aircraft .Program expands Boeing and Embraer's cooperation agreement and will test technologies to improve airplane environmental performance. Full Article
Embraer SA:Says that Fitch Ratings has attributed to the company BBB- rating , in both local and foreign currency.Says that Fitch Ratings has attributed to the company AAA(bra) long-term national rating.Says outlook is stable. Full Article
Embraer SA:A sales consultant who says he paid bribes on behalf of Embraer told Brazilian prosecutors that he believes the company’s top managers, including Chief Executive Frederico Curado, knew of the illicit payments, which were tied to the sale of military aircraft to Dominican Republic - WSJ.Consultant Elio Moti Sonnenfeld’s cooperation with the prosecutors, which was revealed in official summaries of his statements reviewed by The Wall Street Journal, raises the stakes for Brazil-based Embraer, amid continuing investigations of the alleged bribery scheme.In 2014, prosecutors in Brazil filed a criminal complaint against Mr. Sonnenfeld and eight former Embraer vice presidents, directors and managers, charging them with corruption and money laundering in connection with the scheme, which allegedly spanned 2008 to 2010.In a statement Wednesday, Embraer said it has given authorities its “full cooperation” in the case.Mr. Curado and the company declined to address Mr. Sonnenfeld’s allegations, saying the results of the company’s own investigation of the matter are confidential and have been reported to government investigators.As previously reported, the Brazilian charges were based on evidence provided by U.S. prosecutors and regulators who have been investigating the company since at least 2010. Full Article
SAO PAULO Brazil's Embraer SA on Friday said its A-29 Super Tucano will participate in the U.S. Air Force's OA-X program assessing low-cost options for acquiring light attack aircraft, with tests starting in July.