Embraer (ERJ) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Brazilian planemaker Embraer said on Wednesday it has signed a purchase deal worth up to $7 billion with Flexjet for a fleet of Phenom and Praetor executive jets, including firm orders for 182 aircraft and options for another 30.
ERJ is set to supply five A-29 Super Tucano aircraft to Uruguay, the sixth nation to operate this aircraft in South America.
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The aerospace sector had a strong 2024, but 2025 may be even stronger with lower interest rates, fuel costs, and less regulation under Trump's Presidency. During the year, aerospace giant Boeing Co. NYSE: BA suffered a number of challenges that hurt its reputation, including a $5.5 billion union strike.
Brazilian planemaker Embraer delivered 75 aircraft in last year's fourth quarter, similar to the same period in 2023, the company said in a securities filing on Tuesday.
Mesa Air Group will sell 18 Embraer aircraft to United Airlines for about $229.1 million and use the proceeds to cut debt, the regional airline operator said on Tuesday.
ERJ's A-29 Super Tucano aircraft continues to be the market leader in its class, and the company keeps on receiving orders from customers worldwide.
ERJ has inked a deal to supply two of its C-390 Millennium multi-purpose aircraft.
Brazilian planemaker Embraer has signed a contract to sell two C-390 Millennium military cargo aircraft to an undisclosed client, it said on Friday.
ERJ, with its recent order win, is set to provide 12 A-29 Super Tucano aircraft to the Portuguese government.
Embraer said on Tuesday that Luxembourg-based Luxair has placed a firm order for two more E195-E2 jets, bumping up its 2023 order of four aircraft and helping to drive shares of the Brazilian planemaker higher.