What Happened
Brazilian Aircraft Maker Sees Growth Across Four Businesses
Embraer-Empresa Brasileira de Aeronautica reported record third-quarter revenue and an all-time high backlog, driven by growth across its four businesses. The company raised its full-year revenue and free cash flow forecasts, with adjusted EBIT margin expanding to 10.9%. Embraer’s backlog climbed 14% to $35.7 billion, with the company expecting to deliver 80 to 85 commercial aircraft and 160 to 170 executive aircraft this year. This news was first reported by Unknown Source.