Embraer Wins Order for Fifteen E195-E2s

Rhea-AI Summary

Embraer (NYSE: ERJ) has announced a significant new order for 15 E195-E2 aircraft from an undisclosed customer, valued at US$1.17 billion. This order will enhance the company's Q4 2022 backlog and reinforces Embraer's position in the aerospace market. Known for producing commercial jets for up to 150 seats, Embraer continues to be a leading player in the global aviation sector. The company has delivered over 8,000 aircraft since its inception, transporting more than 145 million passengers annually.

Positive

• New order for 15 E195-E2 aircraft valued at US$1.17 billion.
• Order contributes to Q4 2022 backlog, boosting future revenues.
• Strengthens Embraer's position in the commercial aviation market.

Negative

• None.

News Market Reaction – ERJ

+4.05%

+4.05% Session move

In the trading session that priced this news, ERJ gained 4.05%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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SÃO JOSÉ DOS CAMPOS, Brazil, Jan. 16, 2023 /PRNewswire/ -- Embraer (NYSE: ERJ, B3: EMB3) has secured a new firm order for 15 new E195-E2 aircraft from an undisclosed customer.

The order is valued at US$1.17 billion at list price and will be added to the Q4 2022 backlog.

Follow us on Twitter: @Embraer

About Embraer

Embraer is a global aerospace company headquartered in Brazil. It manufactures aircraft for Commercial and Executive aviation, Defense & Security, and Agricultural customers. The company also provides after-sales services & support through a worldwide network of wholly-owned entities and authorized agents.

Since it was founded in 1969, Embraer has delivered more than 8,000 aircraft. On average, about every 10 seconds an aircraft manufactured by Embraer takes off somewhere in the world. The aircraft transport over 145 million passengers per year.

Embraer is the leading manufacturer of commercial jets up to 150 seats and is the main exporter of high value-added goods in Brazil. The company maintains industrial units, offices, service and parts distribution centers across the Americas, Africa, Asia, and Europe.

View original content:https://www.prnewswire.com/news-releases/embraer-wins-order-for-fifteen-e195-e2s-301722394.html

SOURCE Embraer S.A.

FAQ

What is the value of the new order for Embraer's E195-E2 aircraft?

The new order for 15 E195-E2 aircraft is valued at US$1.17 billion.

How many E195-E2 aircraft has Embraer ordered recently?

Embraer has received a new firm order for 15 E195-E2 aircraft.

What will the new order from Embraer contribute to?

The new order will be added to the Q4 2022 backlog.

Who is the customer for Embraer's new aircraft order?

The customer for the new order of 15 E195-E2 aircraft is currently undisclosed.