Embraer Earnings Take Hit from Bribery Probe
Embraer set aside a $200 million provision in anticipation of potential settlement in the nearly six-year-old U.S. government investigation.

Embraer’s second-quarter results were marred by a $200 million provision set aside as the Brazilian manufacturer prepares for a possible settlement in the six-year-old U.S. government investigation over potential violations of anti-corruption laws. The U.S. Securities and Exchange Commission and Department of Justice have been investigating possible non-compliance with the U.S. Foreign Corrupt Practice Act (FCPA) surrounding certain aircraft sales outside of Brazil.