Boeing Dances the Samba: Potential Takeover of Embraer Not a Surprise
Following the Airbus-Bombardier C Series tie-up, we flagged the possibility of wide-moat Boeing moving closer to Brazilian regional jet manufacturer, Embraer. Reports came out on Dec. 21 that Boeing was in talks to buy Embraer and that the deal was in a holding pattern as the two parties await the Brazilian government’s approval. Embraer shares rose more than 20% on the back of the news (trading was halted for a brief time) and the ADRs are nearing our fair value estimate of $26 per share. The r...The Boeing is an aerospace firm. The company's segments include: Commercial Airplanes, which develops, produces and markets commercial jet aircraft and provides fleet support services, mainly to the commercial airline industry; Defense, Space and Security, which engages in the research, development, production and modification of manned and unmanned military aircraft and weapons systems for strike, surveillance and mobility, vertical lift, and commercial derivative aircraft; Global Services, which provides supply chain and logistics management, pilot and maintenance training systems and services, and data analytics and digital services; and Boeing Capital, which manages overall financing exposure.
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