First things first: The new Boeing deal should not affect Embraer’s business jet operations. Those, along with its military contracts, will remain wholly operated by the Brazilian company. The real prize that Boeing is eyeing under the deal is access to Embraer’s 100- to 150-passenger regional jet manufacturing capabilities, including the E2 series, which may be used as a basis for future planes. With this, it will be able to better compete against Airbus and it’s Bombardier-designed C Series. The deal also means that Boeing will have access to Embraer’s lower-cost engineers, which it could then leverage to work on midsize projects as well. Finally, as a united front, the companies will be able to negotiate better deals with parts manufacturers.