Embraer (NYSE: ERJ / B3: EMBR3), announced that its total order backlog reached US$26,3 billion in 4Q24. This is the highest volume recorded by the company in its history, up more than 40% year-over-year (4Q23) and 16% quarter-over-quarter (3Q24). Embraer ended 2024 with a solid orders-to-sales ratio of 2,2 based on financial values.1
1 Calculated as the (delta of Embraer backlog plus Embraer revenues) divided by Embraer revenues
Embraer delivered 75 aircraft in the last quarter of the year, 27% above the 59 aircraft delivered in the previous quarter (3Q24) and equal to the volume delivered in the same period of 2023 (4Q23). The company delivered 206 aircraft in 2024 – a 14% increase compared to the 181 aircraft delivered in 2023.
Na Commercial Aviation, Backlog reached $10,2 billion in 4Q24 – 15% higher year over year but 8% lower quarter over quarter – due to the seasonally stronger delivery period. The business unit delivered 31 new aircraft during the fourth quarter of 2024 and 73 for the full year (at the high end of revised estimates of 70-73 for the year and within the original estimates of 72-80). Consequently, Commercial Aviation ended 2024 with a solid orders-to-sales ratio of 1,6 based on financials.2.
Luxair has formalized an order for 2 E195-E2 jets, which will complement the airline’s fleet of larger aircraft already on order. By exercising 2 secured options on its 2023 firm order for 4 aircraft, Luxair now has a total of 6 E195-E2 jets on order. Therefore, Embraer currently has 179 firm orders for its E2 jet family and 164 for its E1-175 aircraft.
Finally, it is important to highlight the production leveling initiative that the company seeks to advance by 2025.
2 Calculated as the (delta of Commercial Avenue order book plus Commercial Avenue revenue) divided by Commercial Avenue revenue.
In Executive Aviation, The company’s backlog grew to $7,4 billion in 4Q24 – up 70% year over year and 67% quarter over quarter – a new all-time high for the business unit, helped by a major contract with Flexjet. The contract includes 182 firm orders for the Phenom 300E, Praetor 500 and Praetor 600 aircraft with deliveries between 2026 and 2030, and up to 30 options for Praetor jets.
The division delivered 44 jets in the final quarter of the year, and delivered 130 total annual deliveries (at the midpoint of original 2024 estimates, and a 14-year high). Consequently, Business Jets ended 2024 with an industry-leading orders-to-sales ratio of 2,7 based on financials.3.
The Praetor 500 and Praetor 600 midsize and super-midsize jets ed for half of the segment’s deliveries (22 aircraft) during the quarter, driven by the positive momentum of the product family. Meanwhile, the Phenom 300, the world’s best-selling and most-flown jet in its category for 12 consecutive years, led deliveries (19 aircraft) during the period.
It is important to highlight the progress made in the company’s initiative to level production. Management has managed to reduce the concentration of deliveries in the fourth quarter and spread them more evenly across the quarters. In 2024, fourth-quarter deliveries ed for 34% of the annual total, compared to an average of 45% over the previous five years. The company achieved impressive results during the year and expects further gains from gradual improvements in the production chain in the near future.
3 Calculated as the (delta of Executive Avenue order book plus Executive Avenue revenue) divided by Executive Avenue revenue.
In Services & , backlog expanded to $4,6 billion in 4Q24 – up more than 50% year-over-year and more than 30% quarter-over-quarter – ed by new long-term contracts with Flexjet in Business Aviation, and Air Serbia, LOT Polish Airlines and CommuteAir in Commercial Aviation. These second group contracts are for the Pool and Part Exchange Plus Program, which will these companies’ E-Jets fleets with a wide range of repair components, services and repair management. In addition, contributions from spare parts, technical publications, technical services, training and modifications played a key role in this result. Services & ended 2024 with an industry-leading orders-to-sales ratio of 1,9 based on financial values.4.
In Defense & Security, Backlog grew to US$4,2 billion in 4Q24 – up 67% year over year and 15% quarter over quarter – ed by new orders for the C-390 Millennium (4) and A-29 Super Tucano (10). Embraer currently has 32 firm orders for its military transport and 17 for its light attack aircraft. Meanwhile, Defense & Security continued to ramp up its production with the delivery of 3 new C-390 Millennium jets in 2024, compared to 2 in 2023. As a result, the unit ended 2024 with an industry-leading orders-to-sales ratio of 3,3 based on financials.5.
4 Calculated as the (delta of Services & backlog plus Services & revenue) divided by Services & revenue.
5 Calculated as the (delta of Defense & Security backlog plus Defense & Security revenue) divided by Defense & Security revenue.
The division signed firm contracts in the fourth quarter of 2024 with the Czech Air Force and an undisclosed customer for 2 C-390 Millennium aircraft each – these aircraft entered the order backlog. In addition, this military transport jet was selected by Slovakia (3) and Sweden (undisclosed) in the period – no contracts have been signed yet; therefore these aircraft are not included in the order backlog.
The business unit also signed a firm contract with an undisclosed customer for 6 A-29 Super Tucanos in the last quarter of 2024, and another with an undisclosed customer in Africa for 4 additional aircraft. Meanwhile, the Portuguese Air Force became the first customer for the NATO version of this light attack aircraft (12) – although the contract was not active at the end of 2024 – and the Uruguayan Air Force exercised its options (5) in early 2025. Therefore, these 17 aircraft are not yet in the order book.
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