- Executive Aviation posted the largest delivery volume in 7
years
- C-390 was selected by South
Korea, which reinforced sales momentum
- E2 deliveries more than doubled to 39 jets in 2023
- Executive and Commercial Aviation book-to-bill in excess of
1:1
- Services & Support backlog reached US$3.1 billion - the highest ever
recorded
SÃO JOSÉ DOS CAMPOS, Brazil, Jan. 30,
2024 /PRNewswire/ -- Embraer (NYSE: ERJ; B3: EMBR3)
delivered 75 aircraft in 4Q23, with 49 executive jets (30 light and
19 medium), 25 commercial jets and 1 military C-390 jet. In 2023,
Embraer supplied 181 aircraft, an increase of 13% compared to 2022
when the company delivered 160. The company continues to face
supply chain delays which have affected 2023 deliveries.
Deliveries by
Segment
|
4Q22
|
4Q23
|
2022
|
2023
|
2023
Guidance
|
|
|
|
|
|
|
Executive
Aviation
|
50
|
49
|
102
|
115
|
120-130
|
Phenom 100
|
2
|
6
|
7
|
11
|
|
Phenom 300
|
31
|
24
|
59
|
63
|
|
Light Jets
|
33
|
30
|
66
|
74
|
|
Praetor 500
|
6
|
10
|
15
|
20
|
|
Praetor 600
|
11
|
9
|
21
|
21
|
|
Medium Jets
|
17
|
19
|
36
|
41
|
|
|
|
|
|
|
|
Defense &
Security
|
-
|
1
|
1
|
2
|
|
C-390
|
-
|
1
|
1
|
2
|
|
|
|
|
|
|
|
Commercial
Aviation
|
30
|
25
|
57
|
64
|
65-70
|
E195-E2
|
12
|
17
|
18
|
38
|
|
E190-E2
|
1
|
1
|
1
|
1
|
|
E175
|
14
|
7
|
35
|
25
|
|
E190
|
3
|
-
|
3
|
-
|
|
|
|
|
|
|
|
Total
|
80
|
75
|
160
|
181
|
185-200*
|
*Excludes C-390
deliveries
|
|
|
|
|
|
The company's backlog rose by US$1.2 billion YoY, reaching a total of
US$18.7 billion in 2023 - the highest
number recorded since 1Q18.
Backlog by Segment -
US$bn
|
2022
|
2023
|
YoY
|
|
|
|
|
Executive
Aviation
|
3.9
|
4.3
|
10 %
|
Defense &
Security
|
2.4
|
2.5
|
4 %
|
Commercial
Aviation
|
8.6
|
8.8
|
2 %
|
Services &
Support
|
2.6
|
3.1
|
19 %
|
|
|
|
|
Total
|
17.5
|
18.7
|
7 %
|
Executive Aviation continued its sales momentum with
sustained demand across its entire product portfolio and strong
customer acceptance in both retail and fleet markets. The business
unit ended the year with a book-to-bill in excess of 1.3:1 and a
US$4.3 billion backlog, a
US$400 million growth YoY. The
74 deliveries of light jets in 2023 were 12% higher YoY and the
largest volume in 7 years. Moreover, the 41 deliveries of medium
jets also posted double-digit annual growth at 14%.
In Defense & Security, South Korea was in the spotlight with the
victory of the C-390 Millennium in the Large Transport Aircraft
(LTA) II public tender to provide the new military transport
aircraft. The country is the C-390 Millennium's first customer in
Asia. Furthermore, late last year,
the first NATO-configured KC-390 Millenium entered into service for
the Portuguese Air Force.
The aircraft was also selected by Austria and Czech
Republic in 2023, and by the
Netherlands in 2022. Negotiations about the 11 aircraft have
not yet been incorporated into Embraer Defense & Security's
backlog, which represents a significant potential for the coming
quarters. In 4Q23, the business' unit backlog is US$2.5 billion, a US$100
million growth YoY.
In Commercial Aviation, E-Jets family deliveries
increased 12% YoY from 57 jets in 2022 to 64 in 2023, supported by
a book-to-bill in excess of 1.1:1. The highlight was the E2 group
whose deliveries more than doubled from 19 aircraft in 2022 to 39
in 2023. The business unit backlog reached 298 aircraft in 4Q23 for
a total of US$8.8 billion, a
US$200 million growth YoY.
Porter Airlines exercised its purchase rights and placed a firm
order for 25 Embraer E195-E2 passenger jets, adding to their
existing 50 aircraft firm orders. The Canadian airline now has a
total of 46 firm orders to be delivered and 25 remaining purchase
rights. Furthermore, the backlog now includes 4 E175s
previously signed by American Airlines and 2 additional aircraft
ordered in December.
Backlog - Commercial
Aviation 2023
|
Aircraft
Type
|
Firm Orders
|
Deliveries
|
Firm Order
Backlog
|
E195-E2
|
271
|
89
|
182
|
E190-E2
|
35
|
19
|
16
|
E175
|
853
|
753
|
100
|
Total
|
1,159
|
861
|
298
|
Services & Support ended 2023 with a backlog of
US$3.1 billion, a US$400 million growth YoY - the highest level
ever recorded. The backlog includes renewed contracts of integrated
logistical support services and comprehensive airframe maintenance
programs, such as the Pool Program for Commercial Aviation and
Embraer Executive Care for Executive Aviation. These long-term
contracts in the backlog cover mainly pool contracts and other
services as spare parts, repair, maintenance, and technical
services.
The growth momentum in the business unit accelerated further
when it announced a deal which has doubled its maintenance service
capacity for executive jets in the United
States. The expansion will support the continued growth of
its customer base through the addition of 3 Executive Aviation
Maintenance, Repair and Overhaul (MRO) facilities in Dallas Love
Field, TX, Cleveland, OH, and
Sanford, FL.
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content:https://www.prnewswire.com/news-releases/embraer-deliveries-increased-13-in-2023-and-backlog-reached-us18-7-billion-a-us1-2-billion-growth-302048603.html
SOURCE Embraer S.A.