Embraer announces its first quarter 2007 (1Q07) deliveries and Company backlog for the Commercial Aviation, Executive Aviation, and Defense and Government segments. The Company’s firm order backlog increased from US$ 14.8 billion in the fourth quarter of 2006 to a record US$ 15 billion in the 1Q07.
In the same period, deliveries came to 25 jets. Embraer has taken action regarding the supply chain and industrial processes for manufacturing the wings, in order to overcome the difficulties reported last year. The delivery forecast for 2007 is maintained at 165-170 aircraft, of which 40% are expected to be delivered in the first half of the year.
In the first three months of the year, a total of 25 jets were delivered.
Due to our mathematical wizardry, we are able to deduce the forecast for the second quarter as being 41-43 aircraft (the difference between the 25 delivered in Q1 and 40% of 165-170). The second quarter rate is sufficient to fill the full-year forecast, indicating the company is indeed back on track. In the second half, however, they will also have to make up for the slower Q1.