Embraer announced a backlog of US$26.3 billion in the fourth quarter of 2024 (4Q24), a 40% increase compared to the previous year and a 16% rise quarter-on-quarter. The company also achieved a 2.2 book-to-bill ratio based on financial values.
In 4Q24, Embraer delivered 75 aircraft, a 27% increase from the 59 aircraft delivered in the previous quarter (3Q24) and the same as the 75 aircraft delivered in 4Q23. Across the full year, Embraer delivered a total of 206 aircraft—up 14% from the 181 aircraft delivered in 2023.
Commercial Aviation Performance
Embraer's Commercial Aviation division ended 4Q24 with a backlog of US$10.2 billion, reflecting a 15% increase year-on-year but an 8% decline from the previous quarter due to strong seasonal aircraft deliveries. The division delivered 31 aircraft in 4Q24, contributing to a total of 73 aircraft for the year. This figure met the upper range of Embraer's revised estimate of 70-73 aircraft and remained within the original estimate of 72-80 aircraft. The Commercial Aviation segment closed the year with a solid 1.6 book-to-bill ratio.
Executive Aviation Growth
Executive Aviation saw exceptional growth, with its backlog soaring to US$7.4 billion in 4Q24—70% higher year-on-year and 67% up from 3Q24—marking an all-time high for the business unit. This surge was primarily driven by a major contract with Flexjet, which includes 182 firm orders for Phenom 300E, Praetor 500, and Praetor 600 aircraft, with deliveries set between 2026 and 2030, along with up to 30 additional options.
The Executive Aviation division delivered 44 jets in 4Q24 and 130 for the full year, representing a 14-year high in deliveries. It ended 2024 with an industry-leading 2.7 book-to-bill ratio, reinforcing its strong market position.
Defence & Security Expansion
In Defence & Security, Embraer's backlog climbed to US$4.2 billion in 4Q24, marking a 67% increase year-on-year and a 15% rise quarter-on-quarter. This growth was driven by new orders for four C-390 Millennium military transport aircraft and ten A-29 Super Tucano light attack aircraft. Embraer now has firm orders for 32 C-390 Millennium jets and 17 A-29 Super Tucanos.
The company also ramped up production in 2024, delivering three new C-390 Millennium aircraft compared to two in 2023. As a result, the Defence & Security unit ended the year with an industry-leading 3.3 book-to-bill ratio, underscoring its strong demand and market presence.
