09:19 AM EDT, 09/16/2024 (MT Newswires) -- Embraer ( ERJ ) said Monday that Boeing ( BA ) will pay a gross amount of $150 million under a "collar agreement" to complete an arbitration process over a joint venture dispute from back in 2020.

The arbitration began after Boeing ( BA ) terminated a $4.2 billion deal to buy Embraer's ( ERJ ) commercial aircraft division at the height of the COVID-19 pandemic.

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