Welcome to our dedicated page for Embraer S.A. news (Ticker: ERJ), a resource for investors and traders seeking the latest updates and insights on Embraer S.A. stock.
Embraer S.A. (NYSE: ERJ; B3: EMBR3) is a leading Brazilian multinational aerospace manufacturer with its headquarters in São José dos Campos, São Paulo. Established in 1969, the company specializes in designing, developing, and manufacturing a wide range of aircraft, including commercial, military, executive, and agricultural aircraft, and offers comprehensive aeronautical services.
Business Segments:
- Commercial Aviation: Embraer is renowned for its E-Jets family, which has seen a significant increase in deliveries, particularly the E2 group. In 2023, the company delivered 64 commercial jets, marking a 12% increase from the previous year.
- Defense and Security: Embraer's C-390 Millennium has been a standout, recently winning South Korea's Large Transport Aircraft public tender. The aircraft is recognized for its reliability and multi-mission capability, including cargo transport, medical evacuation, and firefighting.
- Executive Aviation: Embraer offers a range of business jets, including the Phenom 100EX, Phenom 300E, Praetor 500, and Praetor 600. The company is expanding its MRO facilities in the U.S. to support the growing customer base.
- Service and Support: This segment has shown robust growth with a backlog of US$3.1 billion, driven by renewed contracts and innovative solutions like the Pool Program and Embraer Executive Care.
Key Achievements and Projects:
- Embraer delivered 181 aircraft in 2023, up 13% from 2022, with a significant backlog of US$18.7 billion.
- Successful entry of the first NATO-configured KC-390 Millennium for the Portuguese Air Force.
- Expansion of executive jet MRO facilities in Dallas, Cleveland, and Sanford in the U.S.
Financial Performance and Outlook:
Embraer has shown a steady financial performance with continued growth across its various segments. The company reported a 13% YoY increase in its backlog to US$21.1 billion in 1Q24. Despite facing supply chain delays, the company remains committed to stabilizing its production levels and meeting customer demand. With a focus on innovation, customer satisfaction, and long-term relationships, Embraer is poised for sustained growth and strategic expansion in the global aerospace market.
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Embraer signs contract extension with Sky High Aviation for Pool Program
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Embraer and Luxair sign firm order for four E195-E2 aircraft
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Embraer and the German Aerospace Center (DLR) announce collaboration for precompetitive technology research and development activities.
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Embraer unveils Phenom 100EX business jet with enhanced cabin comfort and new avionics features
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Embraer signs MoU with SIAEP to explore further partnership for maintenance services on E-Jets E2 fleet in Asia-Pacific.
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Austrian Ministry of Defense selects C-390 Millennium aircraft as new tactical transport solution
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Embraer sells AllowMe to Serasa Experian for $45 million in cash.
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Air Peace orders 5 Embraer E175 aircraft, valued at US$288.3m, to modernize its fleet and enhance connectivity.
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Embraer's E195-E2 receives Type Certificate from CAAC, paving the way for sales in the Chinese market. The E2 offers flexible, efficient, and eco-friendly options for Chinese airlines. Asia Pacific, including China, is expected to show a strong growth rate of 4.4% annually over the next 20 years. The E195-E2 is the most fuel-efficient single aisle aircraft, delivering 25% better fuel efficiency per seat compared to previous generation E-Jets. China's domestic passenger traffic volume has reached 224.8 million, up 135% compared to 2022. Embraer signed a Letter of Agreement for 20 E-Jets Passenger-to-Freight Conversions with Lanzhou Aviation Industry Development Group.
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EMBRAER S.A. (NYSE: ERJ; B3: EMBR3) released its SECOND Quarter 2023 Earnings Results, reporting a 47% increase in total deliveries compared to 2Q22, with revenues reaching US$ 1,292 million, representing a double-digit growth of 57% in Commercial Aviation and 42% in Executive Aviation YoY. The firm order backlog ended 2Q23 at US$ 17.3 billion, and operational and financial guidance for 2023 remains unchanged.
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FAQ
What is the current stock price of Embraer S.A. (ERJ)?
The current stock price of Embraer S.A. (ERJ) is $37.92 as of November 15, 2024.
What is the market cap of Embraer S.A. (ERJ)?
The market cap of Embraer S.A. (ERJ) is approximately 7.0B.
What does Embraer S.A. specialize in?
Embraer S.A. specializes in manufacturing commercial, military, executive, and agricultural aircraft and offers comprehensive aeronautical services.
Where is Embraer headquartered?
Embraer is headquartered in São José dos Campos, São Paulo, Brazil.
What are the key segments of Embraer's business?
Embraer operates through several segments: Commercial Aviation, Defense and Security, Executive Aviation, Service and Support, and Other Segments.
What recent achievements has Embraer made?
Recent achievements include winning South Korea's Large Transport Aircraft tender with the C-390 Millennium and expanding MRO facilities in the U.S.
How has Embraer performed financially?
Embraer reported a 13% YoY increase in its backlog to US$21.1 billion in 1Q24, with significant growth in Commercial Aviation and Executive Aviation.
What is Embraer's focus in the executive aviation market?
Embraer focuses on delivering innovative, high-performance business jets and expanding its MRO facilities to support a growing executive jets customer base.
What makes the C-390 Millennium unique?
The C-390 Millennium is known for its multi-mission capability, reliability, and ability to perform various tasks like cargo transport, medical evacuation, and firefighting.
How many aircraft did Embraer deliver in 2023?
In 2023, Embraer delivered 181 aircraft, marking a 13% increase compared to 2022.
What are Embraer's plans for future growth?
Embraer plans to stabilize production, expand its service capabilities, and leverage innovation to meet growing market demands and sustain long-term growth.
Where can I find Embraer's financial reports?
Embraer's financial reports are available on the SEC, CVM, and Embraer Investor Relations websites.
Embraer S.A.