Embraer Says Deliveries, Backlog Rose in 2023 but Supply Chain Woes Slowed Results Overall

Highlights from the year include increased E-Jet deliveries and military orders for the C-390 Millennium transport.

Monday, February 05, 2024 at 08:02 PM ET

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Embraer attributed its 2023 results in part to increased deliveries of E2-series commercial jets including the E195-E2. [Credit: iStock]

Key Takeaways:

Embraer reported a 13% increase in aircraft deliveries (181 total) and a 6.9% growth in its overall backlog to $18.7 billion for 2023, despite ongoing supply chain delays.
Growth was evident across multiple segments, including a significant increase in E2 series and executive jet deliveries, and a record $3.1 billion backlog for Services & Support.
The company's Defense & Security unit expanded its international reach by securing a deal to supply C-390 Millennium military transport jets to South Korea, its first Asian customer.

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Embraer announced that its deliveries rose 13 percent and backlog grew 6.9 percent to $18.7 billion during 2023. The company said growth in deliveries of its E2 series jets and record backlog in services and support operations helped its results, but continued supply chain delays hurt its overall performance.

Embraer delivered 75 aircraft during the fourth quarter of 2023, including 49 executive jets, 25 commercial jets, and one C-390 military jet. For the full year, the company’s deliveries totaled 181 aircraft, an increase of 13 percent from 160 in 2022.