Embraer investigated for bribery in Argentine, Dominican deals

SAO PAULO/WASHINGTON (Reuters) - U.S. and Brazilian authorities are investigating whether Embraer SA (EMBR3.SA) bribed officials in Argentina and the Dominican Republic to secure deals for commercial and defense aircraft, according to legal documents reviewed by Reuters. The investigations involve the sale of 20 passenger jets to an Argentine state airline, worth about $900 million at Embraer list prices, and a $92 million deal with the Dominican armed forces for eight Super Tucano light attack planes, according to documents prepared by prosecutors. The world's third-largest commercial plane maker disclosed two years ago that it had been under investigation by the U.S. Department of Justice and the Securities and Exchange Commission since 2010 regarding sales of aircraft abroad. Embraer's defense division has partnered with Boeing Co (BA) to sell an upcoming military cargo jet, its biggest plane ever, against Lockheed Martin Corp's (LMT) Hercules airlifter in the United States and Britain.



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