Embraer Delivers Six Commercial and Eight Executive Jets in 1Q22

Rhea-AI Summary

Embraer (NYSE: ERJ) reported a total of 14 jet deliveries in Q1 2022, including six commercial and eight executive jets. The firm order backlog stood at USD 17.3 billion. Among the deliveries, the E175 model accounted for four jets, and the Phenom 300 led in executive aviation with five deliveries. The company also secured two contracts with the Brazilian Army for radar units and signed a long-term services agreement with Air Peace for its E195-E2 and ERJ 145 jets. The Phenom 300 series has maintained an average of 50 deliveries annually since 2009.

Positive

• Total deliveries of 14 jets in Q1 2022, including 6 commercial and 8 executive jets.
• Firm order backlog of USD 17.3 billion enhances future revenue prospects.
• Successful contract with Brazilian Army for four radar units strengthens defense segment.
• Long-term services agreement with Air Peace supports growth in services and maintenance.

Negative

• None.

SÃO JOSÉ DOS CAMPOS, Brazil, April 19, 2022 /PRNewswire/ -- Embraer (NYSE: ERJ; B3: BOVESPA: EMBR3) delivered a total of 14 jets in the first quarter of 2022, of which six were commercial aircraft and eight were executive jets (six light and two large). As of March 31, the firm order backlog totaled USD 17.3 billion.

Deliveries by Segment	1Q22
Commercial Aviation	6
E175	4
E195-E2	2
Executive Aviation	8
Phenom 100	1
Phenom 300	5
Light Jets	6
Praetor 600	2
Midsize Jets	2
TOTAL	14

Embraer delivered 56 Phenom 300 series light jets in 2021, signaling a decade of product excellence and market dominance. The Phenom 300 series has had an annual average of 50 aircraft delivered per year since entering the market in December 2009. In the first quarter of 2022, Executive Aviation sales continue to grow.

In the Defense segment, Embraer signed two contracts with the Brazilian Army. The first for the Army's acquisition of four additional SABER M60 radar units, in its 2.0 version, and the second for the development and deployment of Phase Two of the Army's Strategic Program for the Integrated Border Monitoring System (SISFRON).

In the Services and Support segment, Embraer signed a comprehensive long-term services agreement with Air Peace to support the airline's fleet of E195-E2 and ERJ 145 jets. The contract includes access to the Pool Program, which includes component exchange and repair services for hundreds of items on Air Peace's Embraer aircraft, and the installation of Ahead-Pro (Aircraft Health Analysis and Diagnosis - PROgnosis) in the E195-E2 company's fleet. In addition, Embraer signed a long-term contract extension for the Pool Program with German Airways.

Backlog - Commercial Aviation (March 31, 2022)
Aircraft Type	Firm Orders	Deliveries	Firm Order Backlog
E170	191	191	-
E175	840	697	143
E190	568	565	3
E195	172	172	-
E190-E2	20	17	3
E195-E2	201	35	166
Total	1,992	1,677	315
Note: Deliveries and firm order backlog include orders for the Defense segment
placed by State-run airlines (Satena and TAME).

 

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View original content:https://www.prnewswire.com/news-releases/embraer-delivers-six-commercial-and-eight-executive-jets-in-1q22-301527948.html

SOURCE Embraer S.A.

FAQ

What was Embraer's total jet delivery in Q1 2022?

Embraer delivered a total of 14 jets in Q1 2022.

What is the current backlog for Embraer as of March 31, 2022?

As of March 31, 2022, Embraer's firm order backlog totaled USD 17.3 billion.

How many commercial jets did Embraer deliver in the first quarter of 2022?

Embraer delivered six commercial jets in Q1 2022.

What contracts did Embraer sign in the defense segment recently?

Embraer signed two contracts with the Brazilian Army for radar units and an integrated border monitoring system.

What notable agreement did Embraer sign regarding services and support?

Embraer signed a long-term services agreement with Air Peace for its E195-E2 and ERJ 145 jets.