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

Verified

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 overall aircraft deliveries and a 6.9% growth in its backlog to $18.7 billion in 2023, though performance was impacted by supply chain delays.
The company saw strong delivery growth across its segments, including a 12-14% rise in executive jets and a 12% increase in commercial E-Jets, with E2 models more than doubling.
Embraer's Defense & Security unit expanded its market, securing South Korea as the first Asian customer for the C-390 Millennium military transport jet, alongside new European selections.
The Services & Support business achieved a record-high backlog of $3.1 billion, bolstered by expanded maintenance capacity for executive jets in the U.S.

See a mistake? Contact us.

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.