Embraer S.A. (ERJ) Stock Price, News & Analysis

Embraer S.A. (NYSE: ERJ) is a global aerospace company headquartered in Brazil. According to its public disclosures and regulatory filings, Embraer has businesses in Commercial and Executive aviation, Defense & Security, and Agricultural Aviation. The company designs, develops, manufactures and markets aircraft and systems, and provides services and support to customers after sales.

Embraer states that it was founded in 1969 and has delivered more than 9,000 aircraft since then. Based on the company’s own description, on average about every 10 seconds an aircraft manufactured by Embraer takes off somewhere in the world, transporting over 150 million passengers a year. The company also reports that it is the leading manufacturer of commercial jets with up to 150 seats and describes itself as the main exporter of high value-added goods in Brazil. Embraer maintains industrial units, offices, service and parts distribution centers across the Americas, Africa, Asia and Europe.

Business segments

Embraer’s disclosures highlight four main business fronts: Commercial Aviation, Executive Aviation, Defense & Security, and Services & Support, with Agricultural Aviation also mentioned as part of its broader aerospace activities.

In Commercial Aviation, Embraer focuses on jets with up to 150 seats. The company reports firm orders and deliveries for aircraft families such as the E175, E190-E2 and E195-E2, which are used by airlines in multiple regions. Backlog data published by Embraer shows commercial customers in North America, Europe, Africa, Latin America, the Middle East and Asia, illustrating the global reach of this segment.

In Executive Aviation, Embraer manufactures business jets and reports deliveries of light and midsize aircraft. Its public backlog and delivery tables distinguish between light jets and midsize jets, reflecting a portfolio that serves different ranges and cabin sizes in the business aviation market.

The Defense & Security segment includes multi-mission military transport aircraft and light attack and training aircraft. Embraer’s filings list firm orders and deliveries for the KC-390 Millennium and the A-29 Super Tucano, with customers that include air forces in Brazil, Europe, Latin America, Africa and Asia. These aircraft are used for transport, tactical missions and training, according to the company’s own descriptions.

Services & Support is presented by Embraer as a growing part of the business. The company reports a dedicated backlog for this segment and describes activities such as maintenance contracts, training infrastructure and support agreements for commercial and executive operators. It also notes a worldwide network of wholly owned entities and authorized agents that provide after-sales services and parts distribution.

Global footprint and customer base

Embraer’s own communications emphasize a broad international footprint. The company notes that it maintains industrial units, offices, service and parts distribution centers across the Americas, Africa, Asia and Europe. Its published order books and backlog tables name airline and defense customers in countries such as the United States, Canada, Brazil, several European states, African nations and others, reflecting a diversified geographic exposure.

On the commercial side, Embraer reports firm orders from regional and network airlines for its E-Jet and E2 families. In Defense & Security, the KC-390 Millennium and A-29 Super Tucano have been ordered by multiple air forces, and the company highlights selections and additional options under discussion with European and NATO-related customers. In Executive Aviation, Embraer discloses growing backlogs and higher deliveries year over year, indicating continued demand from corporate and private operators.

Production, deliveries and backlog

Embraer regularly reports aircraft deliveries and backlog levels through earnings releases and Form 6-K filings. These documents show that the company delivers aircraft across Commercial Aviation, Executive Aviation and Defense & Security each quarter, and that it tracks a firm order backlog by segment.

For example, in its second quarter 2025 backlog release, Embraer reported a total backlog of US$29.7 billion, with separate figures for Commercial Aviation, Executive Aviation, Services & Support, and Defense & Security. The same disclosure detailed deliveries by segment and aircraft type, and provided firm order and backlog tables for the E175, E190-E2 and E195-E2 families, as well as for the KC-390 Millennium and A-29 Super Tucano.

Subsequent filings and notices describe additional commercial orders, such as firm orders for E175 and E195-E2 aircraft by airlines in Europe, North America and Africa, and new contracts that are added to Embraer’s backlog in the relevant quarter. The company also reports on deliveries in later periods, including a total of 244 aircraft delivered across Commercial Aviation, Executive Aviation and Defense & Security in 2025.

Capital markets presence

Embraer is described in its filings as a publicly held company. It lists its shares on B3 S.A. – Brasil, Bolsa, Balcão and American Depositary Shares on the New York Stock Exchange. The company files Form 20-F as a foreign private issuer and provides interim information on Form 6-K under the Securities Exchange Act of 1934.

Embraer’s board of directors has approved share buyback programs and the use of equity swap derivative contracts, as disclosed in material fact notices. These programs are intended, according to the company, to acquire common shares for holding in treasury, cancellation, or subsequent sale, and to support share-based compensation plans. The equity swap arrangements are described as tools to mitigate fluctuations in the price of Embraer’s shares in connection with long-term incentive plans.

The company also discloses decisions on interest on equity and interim dividends, specifying record dates, ex-dividend dates and payment deadlines for shareholders in Brazil and for holders of American Depositary Shares on the NYSE. In a separate notice, Embraer reported the engagement of a market maker on B3 with the stated goal of fostering liquidity in its common shares.

Debt and financing activities

Embraer and its financing subsidiary Embraer Netherlands Finance B.V. have issued senior unsecured guaranteed notes in international markets. In a series of press releases and 6-K filings, the company describes cash tender offers for outstanding notes due 2028 and 2030, managed by Morgan Stanley & Co. LLC as offeror and dealer manager. These offers involve the purchase of existing notes up to a defined maximum tender amount, with consideration calculated by reference to U.S. Treasury yields and fixed spreads.

The same communications explain that Embraer Finance priced a new issuance of 5.400% senior unsecured notes due 2038, and that notes purchased in the tender offers are intended to be exchanged for a portion of the new notes under an exchange settlement agreement. The tender offers are subject to conditions described in the offer to purchase, including completion of the new debt financing.

Strategic orders and partnerships

Embraer’s public news releases highlight significant commercial orders that support its growth plans. For instance, Avelo Airlines announced a firm order for 50 E195-E2 aircraft, with purchase rights for 50 more, to modernize its fleet and expand its network in the United States. The order is described as a milestone for Embraer’s flagship E2 program, making Avelo the first U.S. carrier to operate Embraer’s largest commercial aircraft.

Other disclosed transactions include a firm order from Air Côte d’Ivoire for four E175 aircraft with eight additional purchase rights, and a new firm order from Helvetic Airways for three E195-E2 aircraft with five purchase rights. These deals are tied to fleet modernization, regional expansion and sustainability goals for the respective airlines, and Embraer notes that they will be added to its backlog in the relevant reporting periods.

Corporate governance and shareholder information

Through its notices to shareholders and Form 6-K reports, Embraer provides information on upcoming annual general meetings, distributions of interest on equity and dividends, and changes to share-based compensation and liquidity support arrangements. The company specifies that interest on equity amounts are imputed to mandatory dividends under Brazilian corporate law, and that both interest on equity and dividends may be affected by share repurchase programs that alter the number of treasury shares.

Embraer also communicates renegotiations of existing firm orders when these are material to its business. For example, it disclosed an agreement with Azul Linhas Aéreas Brasileiras S.A. to amend a firm order for E195-E2 aircraft placed between 2014 and 2018, reducing the number of aircraft under the order as part of Azul’s restructuring plan in a Chapter 11 process in the United States.