By Brazil Stock Guide – Embraer (NYSE: ERJ; B3: EMBR3) closed the third quarter of 2025 with a record-high order backlog of US$31.3 billion, underscoring surging global demand across all business units. The figure represents a 38% jump year-on-year and 5% quarter-on-quarter, marking the highest level ever achieved by the Brazilian aerospace manufacturer. The company delivered 62 aircraft in Q3, up from 59 in the same period last year, led by strong momentum in both commercial and executive aviation.
The commercial division posted a US$15.2 billion backlog, its highest in nine years, with a book-to-bill ratio of 2.7x over the past 12 months. New firm orders included 50 E195-E2 jets from Avelo Airlines (with 50 options) and 24 aircraft from LATAM Group, alongside options for another 50 units—solidifying the E2 program as a key growth driver in North and South America. The quarter also saw additional deliveries to Porter, Azorra, Aircastle, and Mexicana, while the company anticipates incorporating 30 more firm orders from TrueNoord in Q4.
In executive aviation, Embraer reached the landmark of 2,000 business jet deliveries, with a US$7.3 billion backlog, up 65% year-on-year. The unit delivered 41 jets in the quarter, meeting its schedule and completing 68% of its 2025 target by September. The company expects to achieve full production leveling by 2026. Meanwhile, the Defense & Security segment reported an 8% increase in backlog to US$3.9 billion, highlighted by the delivery of a KC-390 Millennium to the Portuguese Air Force and new A-29 Super Tucano contracts with Panama and the U.S. SNC.
Finally, the Services & Support division maintained a record US$4.9 billion order book, up 40% year-on-year, fueled by long-term maintenance and fleet modernization contracts. The sustained performance of this unit reinforces Embraer’s strategic shift toward recurring revenue and aftermarket resilience.
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