https://phys.org/news/2018-07-boeing-embraer-commmercial-jets-joint.html > Under the terms of the deal, Boeing will hold an 80 percent stake valued at $3.8 billion, the companies said in a release Thursday, while Embraer will hold the remaining 20 percent. > The proposed partnership is expected to be accretive to Boeing's earnings per share beginning in 2020 and to generate estimated annual pre-tax cost synergies of approximately $150 million by the third year.