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Friday, April 12, 2013

Embraer's Order Backlog Increases to $13.3 Billion

Embraer reported its first quarter 2013 aircraft deliveries Thursday, including 17 commercial aircraft and 12 business jets for a total of 29 deliveries. 
(Embraer E-190. Photo, courtesy of Embraer.)
Commercial deliveries included eight E-190s, six E-1955s, two E-175s and one E-170. The company's order backlog totaled $13.3 billion by the end of the first quarter, an $800-million increase over the backlog reported at the end of 2012. 
The first quarter report comes following an announcement Wednesday by Embraer's defense unit launching the commercial campaign for its KC-390 military transport jet. The Brazilian Air Force, launch customer of the KC-390, recently completed the critical design review of the jet, setting the definitive configuration of the aircraft and allowing Embraer to begin releasing information for producing the prototypes.

“The project has firmly and consistently moved forward and, now that we have concluded the CDR, we are ready to begin holding discussions with potential customers of the aircraft,” said Luiz Carlos Aguiar, president and CEO of Embraer Defense & Security. “There is a heavy demand for replacing older aircraft in this segment of the international market.”

Related: Aviation Today's Checklist 

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