The Latest Breaking News from ERJ

Brazilian jet manufacturer Embraer is the IBD Stock Of The Day for Tuesday. ERJ stock is actionable amid a 60% rally.

The defense industry is anticipated to grow amid geopolitical unrest worldwide, substantial investments in technology, and an uptick in defense spending by countries. Given this backdrop, investors could consider buying quality defense stocks: Embraer (ERJ), Allegion (ALLE), BWX Technologies (BWXT), and TransDigm (TDG). Read on.

Eve UAM, LLC, an Embraer SA (NYSE:ERJ) company, has established a strategic partnership with Acciona to accelerate the development of a global and sustainable Urban Air Mobility ecosystem. Acciona is a provider of regenerative solutions for a decarbonized economy. Related: EVTOL Company Eve Gets Spin Out From Embraer, SPAC Deal: What Investors Should Know As…

Eve UAM, LLC , an Embraer SA (NYSE:ERJ) company, signed a Letter of Intent with Global Crossing Airlines Group, Inc. (OTC:JETMF) for order of up to 200 of Eve's electric vertical take-off and landing aircraft (eVTOL). This potential sale is included in Eve's current order backlog of up to 1,785 eVTOLs. Delivers are expected to start…

Embraer SA (NYSE:ERJ) reported fourth-quarter revenue of $1.3 billion, a decline of 29.3% year-over-year. Adjusted income per basic ADS was $0.3116 versus $(0.0679) last year. Embraer delivered 55 jets in Q4, of which 16 were commercial aircraft, and 39 were executive jets. It delivered a total of 141 jets in FY21. Also…

Russia’s invasion of Ukraine has been motivating many nations to increase their defense budgets. This should drive the demand for aerospace and defense companies. Amid favorable policies and rising demand, the industry should yield good returns for investors. Indeed, Wall Street analysts expect the stocks of quality aerospace and defense…

Embraer SA (NYSE:ERJ) enters the air freight market with the E190F and E195F Passenger to Freight Conversions (P2F) launch. These E-Jets freighters are designed to meet the changing demands of e-commerce and modern trade that require fast deliveries and decentralized operations. The full freighter conversion is available for all pre-owned E190 and E195…

American Airlines Group Inc (NASDAQ:AAL) signed a firm order with Embraer SA (NYSE:ERJ) for three new E175s, which will be delivered this year. The contract value is $160.2 million at current list prices and will be included in Embraer's 4Q21 backlog. The aircraft will be operated by American's wholly-owned subsidiary, Envoy Air, growing Envoy's fleet…

Embraer SA's (NYSE:ERJ) EmbraerX has signed a service agreement with Jet Flight Service (JFS), a global MRO service provider headquartered in Russia. Financial terms were not disclosed. The partnership supports Jet Flight Service in gaining efficiencies by onboarding their teams into Beacon's multi-sided platform.  Incubated by EmbraerX, Embraer's market accelerator for disruptive businesses,…