Embraer reported a 13% increase in jet deliveries for 2023, with a record backlog of $18.7 billion, backed by strong performance across its Commercial and Executive Aviation sectors despite ongoing supply chain challenges.

Target Information

Embraer, a prominent global aerospace company headquartered in São Paulo, Brazil, specializes in the design, development, manufacture, and marketing of aircraft and aerospace systems. The company operates across several sectors, including Commercial and Executive Aviation, Defense & Security, and Agricultural Aviation. In 2023, Embraer delivered a total of 181 jets, comprising 64 commercial aircraft, 115 executive jets, and two military C-390s, marking a year-on-year increase in deliveries by 13% compared to 2022.

Despite the increase in deliveries, Embraer faced challenges due to supply chain delays which adversely affected its operations. The firm ended the fourth quarter of 2023 with a firm order backlog of $18.7 billion, the highest in the past six years, indicating robust demand across its sectors.

Industry Overview

Brazil's aerospace industry is a crucial component of its economy, known for producing advanced technology and high-value exports. Embraer stands as a leading player, responsible for a significant