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Stock Market & Financial Investment News

News Breaks
July 14, 2014
08:50 EDTCVU, ERJCPI Aero, Embraer amend long-term supply agreement
CPI Aerostructures,(CVU) announced that Embraer (ERJ) amended its 2012 long term supply agreement with CPI Aero for the manufacture of engine inlet assemblies for the Phenom 300 business jet. The amendment is expected to generate incremental sales of approximately $9M over the next several years compared to the original agreement. The overall value of the long term agreement is now estimated by CPI Aero to be in excess of $50M.
News For CVU;ERJ From The Last 14 Days
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September 24, 2014
07:32 EDTERJEmbraer faces criminal charges against Brazilian authorities, WSJ says
Embraer is up against criminal action charges after Brazilian authorities accused eight company employees of bribing officials in the Dominican Republic in exchange for a $92M agreement to supply attack planes to the country's military, according to The Wall Street Journal, citing the criminal complaint. Reference Link
September 23, 2014
08:38 EDTERJBofA/Merrill airlines/aerospace analysts hold analyst/industry conference call
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September 17, 2014
07:06 EDTERJEmbraer and Republic Airways sign a contract for 50 firm E175 jets
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05:22 EDTERJRepublic Airways acquires 50 new Embraer E175 aircraft
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