Embraer deliveries up 33% YoY in Q3 2024
October 22, 2024
Embraer delivered 57 aircraft in Q3 2024, an increase of 33% compared to the same period last year and up 24% on Q2 2024; bolstered by a strong performance in the mid and super-mid-sized business jet sector. Momentum in the defence and security division also helped bolster a record backlog for the Brazilian manufacturer in the quarter.
Q3 2024 saw the OEM reach a new backlog record of $22.7 billion, up more than 25% year-on-year (and almost 10% higher quarter-on-quarter), reaching a nine-year-high level. The biggest backlog was registered in the Defense & Security business segment ($1.5 billion), with a new firm contract for the acquisition of nine C-390 aircraft signed in July; positive momentum that carried over into new sales contracts signed in Paraguay and Uruguay for the A-29 Super Tucano. Embraer’s Defense & Security segment reached $3.6 billion during the quarter, up from Q2 2024’s $2.1 billion.
This placed the business segment as the third most profitable behind commercial aviation ($11.1 billion) and executive aviation ($4.4 billion), both of which reported quarter-on-quarter marginal sequential backlog declines of 1% and 4% respectively – explained by Embraer as attributable to “stronger growth (higher deliveries) and a seasonably slower period for sales because of summer in the northern hemisphere”. Embraer Services & Support, however, continued to record positive growth at $3.5 billion, up 12% from Q2’s $3.1 billion.
However, despite executive aviation reporting a slight dip in backlog values, the segment nevertheless reached 41 deliveries during the quarter, with units shipped up more than 45% year-on-year and 50% quarter-on-quarter. The Praetor 500 and 600 mid- and super-mid-sized jets accounted for nearly half of all the segment’s deliveries, while the Phenom 300 again the top performer during the quarter (with 18 units shipped).
Commercial aviation deliveries, meanwhile, also showed a healthy growth of more than 5% year-on-year, with 13 E-Jets delivered during the quarter. An order from Virgin Australia for eight E190-E2s received during the period helped take the segment’s backlog to $11.1 billion, almost 30% higher year-on-year. Embraer’s commercial aviation backlog now stand at a firm order backlog of 374 aircraft, with the E195-E2 and the E175 contributing fairly evenly (172 and 175 respectively) to the total firm order backlog.
