Embraer’s backlog for 2023 hits US$18.7 billion

Embraer reported the delivery of 75 aircraft in the fourth quarter of 2023 (4Q23), comprising 49 executive jets (30 light and 19 medium), 25 commercial jets, and one military C-390 jet. Despite facing supply chain challenges impacting 2023 deliveries, the company experienced a 13% increase compared to 2022, delivering a total of 181 aircraft. The backlog for 2023 rose by US$1.2 billion year-on-year (YoY), reaching US$18.7 billion, the highest since 1Q18.

In Executive Aviation, the business unit sustained sales momentum, achieving a book-to-bill ratio exceeding 1.3:1, resulting in a US$4.3 billion backlog, a US$400 million YoY growth. Light jet deliveries reached a seven-year high with 74 aircraft, a 12% YoY increase, while medium jet deliveries posted a double-digit annual growth at 14% with 41 aircraft.

The Defence and Security sector saw the C-390 Millennium secure a victory in South Korea's Large Transport Aircraft II tender, marking the aircraft's first customer in Asia. The NATO-configured KC-390 Millennium entered service for the Portuguese Air Force and additional contracts with Austria, Czech Republic and the Netherlands are in progress. The unit's 4Q23 backlog stands at $2.5 billion, a $100 million YoY increase.

In Commercial Aviation, E-Jets family deliveries increased by 12% YoY, reaching 64 in 2023, driven by a book-to-bill ratio exceeding 1.1:1. Notably, the E2 group's deliveries more than doubled from 19 aircraft in 2022 to 39 in 2023. The unit's backlog for 4Q23 reached 298 aircraft, totalling US$8.8 billion, a US$200 million YoY increase.

Porter Airlines exercised its purchase rights, placing a firm order for 25 Embraer E195-E2 passenger jets, augmenting its existing 50 firm orders. The backlog now includes additional orders from American Airlines and new aircraft ordered in December.

Services and 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 Programme 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.