Embraer, one of the global leaders in the aerospace industry, reports that its organization-wide backlog reached US$26.3 billion in 4Q24. The value is the largest ever recorded by the company in its history, and more than 40% higher year-on-year and 16% higher quarter-on-quarter. Embraer finished 2024 with an industry leading 2.2 book-to-bill ratio based on financial values.
Embraer delivered 75 aircraft in the last quarter of the year, 27% more than the 59 aircraft in the previous quarter (3Q24), and equal to the number in the same period a year ago (4Q23). Meanwhile, the company delivered a total of 206 aircraft in 2024 – a 14% increase compared to the 181 aircraft in 2023.
Other key details from the release:
- Commercial Aviation finished 2024 with a US$10.2 billion backlog (15% year-on-year) and a strong 1.6x book-to-bill ratio
- Executive Jets recorded a new US$7.4 billion all-time high backlog (65%+ quarter-on-quarter) supported by a marquee deal with Flexjet
- Services & Support posted a new all-time high US$4.6 billion backlog during the quarter, up 50%+ compared to 4Q23
- Defense & Security registered a 67% year-on-year backlog increase to US$4.2 billion, with a record share from global clients
Embraer and Flexjet sign agreement valued at up to USD $7 billion, representing the largest firm order for both companies and reaffirming Flexjet’s long-standing commitment to Phenom and Praetor jets
Embraer Executive Jets, a division of Embraer announced today a purchase agreement with Flexjet, a global leader in private jet travel. The deal commitment comprises a fleet of Embraer business jets, which includes the Praetor 600, Praetor 500 and Phenom 300E models, as well as an enhanced services and support agreement. This firm order of 182 aircraft and options for another 30 will nearly double the size of Flexjet’s fleet in the next five years.
The agreement is valued at up to USD $7 billion at current list prices and includes an enhanced services and support agreement. Not only is this the largest order Flexjet has placed in its 30-year history, but it is the largest order to date for Embraer Executive Jets. Flexjet reaffirms its longstanding commitment as Embraer’s Praetor fleet launch customer and now introduces the enhanced Phenom 300E model to its growing global portfolio.
