Embraer Nabs Order for 5 E195-E2 Aircraft, Keeps Airline Secret

Aircraft manufacturer Embraer (NYSE: ERJ) announced today that it had secured a new firm order for five E195-E2 aircraft from an undisclosed airline.

Michael Wildes

Wednesday, November 30, 2022 at 03:29 PM ET

Verified

The OEM said it will deliver four aircraft by the end of 2023, while the final aircraft will be delivered in 2024. [Courtesy: Embraer]

Key Takeaways:

Embraer secured a new firm order for five E195-E2 aircraft from an undisclosed airline, valued at $389.4 million, with deliveries expected by the end of 2023 and in 2024.
This new order contributes to Embraer's significant firm order backlog, which stood at $17.8 billion as of its third-quarter earnings update.
In Q3, Embraer reported $929 million in revenue and delivered 10 commercial and 23 executive jets, though its CEO noted that supply chain issues continue to impact production.

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Aircraft manufacturer Embraer (NYSE: ERJ) announced today that it had secured a new firm order for five E195-E2 aircraft from an undisclosed airline “with exciting new plans for future growth.”

The OEM said it will deliver four aircraft by the end of 2023, while the final aircraft will be delivered in 2024. The contract is valued at $389.4 million and adds to the manufacturer’s backlog.