Tuesday, June 18, 9:58 AMParis Air Show: Boeing (BA) has signed an agreement to lead the sales of Embraer's (ERJ) KC-390 military transport plane in the U.S., U.K. and in the Middle East. The deal comes a year after the companies signed a technical agreement and as Boeing attempts to win a lucrative contract to sell its F-18 fighter aircraft to Brazil, where Embraer is based. Boeing's Chris Raymond said one deal had nothing to do with the other. Sure. (PR) 1 Comment
Monday, June 17, 9:22 AMParis Air Show: Embraer (ERJ +4.1%) unveils potential orders for up to 365 of its new more fuel-efficient E-Jets E2 family of aircraft, including a firm order for 100 planes from launch customer SkyWest (SKYW) (PR). The regional carrier also has options for another 100 jets, which would make the whole deal worth $9.36B at list prices. International Lease Finance (AIG) signs a letter of intent (LOI) to acquire 50 jets from Embraer and takes an option for another 50 (PR). Five undisclosed airlines sign LOIs for a further 65 E2s (PR).
Comment![On the Move]
Monday, June 17, 7:58 AMParis Air Show: Embraer (ERJ) has launched the second generation the E-Jets family of aircraft, and is reportedly already lining up orders for 200 planes. Regional carrier SkyWest will be the launch customer for the E-Jets 2 with a booking for 100 aircraft, while AIG's (AIG) Lease Finance Corp also plans to order 100 of the jets. (PR)
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Tuesday, May 21, 10:42 AM
Shares in Embraer (ERJ +3.3%) move up after it and SkyWest (SKYW -0.4%) earlier announced a firm order for 40 Embraer 175 aircraft. Additionally, another 60 firm orders were reconfirmable aircraft, subject to SkyWest being awarded CPA agreement contracts with United Airlines. If all firm orders are exercised, the order has a current estimated value of $4.1M.
1 Comment[Global & FX, On the Move]
Tuesday, April 30, 10:51 AM
Brazilian aircraft manufacturer Embraer (ERJ +6.3%) posted a drop in Q1 Y/Y net profit late yesterday - due largely an increase in payroll costs - but the shares are trading higher today after the company announced it had signed a firm order with United Airlines for the sale of 30 Embraer 175 jets, with options for an additional 40. If all the ptions are exercised, the combined order has an estimated value of $2.9B at current list prices.
Comment![Global & FX, Earnings, Consumer]
Tuesday, April 30, 5:00 AMEmbraer (ERJ): Q1 Earning per ADS of $0.165. Revenue of $1.09B misses by $0.07B. (PR)
Comment![Earnings, Breaking News]
Thursday, February 28, 8:49 AM
Embraer (ERJ +3.3%) and privately held Sierra Nevada have beaten out Hawker Beechcraft to win a $428M deal to supply 20 single-engine turboprop Super Tucano planes to the U.S. Air Force for counterinsurgency missions in Afghanistan. The "seal of quality" from the U.S. should help Embraer win contracts from other countries, although it's a blow to Hawker as it tries to recover after exiting Chapter 11.
1 Comment
Thursday, January 24, 11:35 AM
Brazilian aircraft maker Embraer (ERJ +9.7%) pops after announcing earlier that its inked a contract with Republic Airways (RJET +2.7%) for as many as 94 of its ERJ175 planes to fly regional routes for American Airlines. RJET plans to buy 47 of the planes initially, and holds the option to buy another 47. If the option is exercised, the deal could mean as much as $4B to ERJ's coffers. Service expected to start in June of 2013.
Comment![Global & FX, On the Move, Consumer]
Monday, January 14, 10:06 AM
Embraer (ERJ +2.6%) delivered 205 aircraft last year, up a hair from 204 in 2011, with the the world's No. 4 jet maker by sales providing 106 commercial planes in 2012 and 99 executive aircraft. However, backlog fell to the lowest since 2005, dropping to $12.5B last year from $15.4B in 2011. (PR)
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Tuesday, January 8, 4:25 PM
United Technologies (UTX) reaffirms its 2013 EPS expectations in the range of $5.85 to $6.15 per share on sales of $64B to $65G. Today's earlier announcement that Embraer (ERJ) has selected its Pratt & Whitney PurePower PW1700G and PW1900G engines as the exclusive power for its new second generation E-Jet aircraft family is expected to have no impact on it's 2013 financial outlook.
Comment![Earnings]
Tuesday, January 8, 3:29 PM
Brazil's Embraer (ERJ -5.8%) selects United Technology's (UTX -1.2%) Pratt & Whitney geared turbofan engine to update its regional E-Jet line, displacing incumbent GE Aviation (GE -1.2%), who has delivered more than 2K engines on ERJ's current family of regional jets. Rolls Royce (RYCEY.PK -0.6%) had also been competing for the contract as well.
Comment![Global & FX]
Thursday, December 6, 2012, 9:34 AM
Delta Airlines (DAL) chooses Bombardier (BDRAF.PK) over Embraer (ERJ -5.3%) and orders 40 CRJ900 NextGen regional jets from the Canadian company, and takes an option to acquire another 30 in a deal that could be worth up to $3.29B. The initial value is $1.85B. The booking adds to orders worth billions of dollars that Bombardier received from Berkshire Hathaway's NetJets and VistaJet.
Comment![On the Move]
Monday, October 29, 2012, 8:29 AM
Honeywell (HON) gets upbeat about the corporate jet market, predicting that the number delivered will rise 9% globally this year and next, and will reach $250B worth by 2022. Honeywell's Rob Wilson even predicts a decoupling of U.S. corporate results and jet sales as demand grows in Asia and Latin America. In addition to Honeywell, those that should benefit include GD's (GD) Gulfstream, Textron's (TXT) Cessna, Bombardier and Embraer (ERJ). (PR)
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