The Latest Breaking News from ERJ

Shares of Brazilian aircraft manufacturer Embraer S.A. (NYSE:ERJ) dropped on Thursday after President Donald Trump announced plans to impose a 50% tariff on all imports from Brazil. 

Embraer’s turnaround has been remarkable. Over the past four years, Embraer’s revenue has grown at a compound annual rate of 26%, and it has moved from three straight years of operating losses into a period of gradually improving returns. According to FactSet, ERJ is forecast to make more than 2…

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,…

Azorra has placed an order with Embraer SA (NYSE: ERJ) for 20 new E2 family aircraft, plus a further 30 purchase rights. At list prices, the order is valued at $3.9 billion. The deal enables Azorra to acquire E190-E2 or E195-E2 aircraft. Deliveries will begin in 2023.