|Bid||19.28 x 900|
|Ask||0.00 x 1200|
|Day's Range||19.12 - 19.44|
|52 Week Range||16.81 - 26.59|
|Beta (3Y Monthly)||-0.72|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.04 (0.21%)|
|1y Target Est||N/A|
Brazilian planemaker Embraer landed the first major European customer for its newly certified E195-E2 passenger jet on Wednesday as Dutch KLM signed a letter of intent for 15 of the upgraded aircraft and options for another 20. A shake-up among regional jet makers vied for attention at the Paris Airshow as Embraer lined up against the Canadian A220, recently absorbed by Europe's Airbus, and Japan's Mitsubishi sought to make a splash with its own rebranded Spacejet. Embraer, whose commercial aircraft business is in the process of being acquired by Boeing, said first deliveries of the E195-E2 jets to KLM would begin in March.
Bullish unit revenue projections for the second quarter of 2019 from Alaska Air (ALK) and JetBlue (JBLU) highlight the upbeat demand for air travel.
The Brazilan jet maker announced at the Paris Air Show that it has secured a deal for dozens of its E-175 regional jets.
Short-distance commuter air travel has come a long way in the past few years-- at least when it comes to concepts
New Zealand on Tuesday said it had selected Lockheed Martin Corp's C-130J Super Hercules as the preferred replacement for five ageing C-130 Hercules military transport aircraft, a choice in line with its closest allies. The cabinet will seek detailed costing information through the U.S. foreign military sale process, New Zealand Defence Minister Ron Mark said, adding the government had previously estimated the cost at more than NZ$1 billion ($659.50 million).
MONTREAL/TOKYO June 5 (Reuters) - Japan's Mitsubishi Heavy Industries Ltd said on Wednesday it is holding talks to buy Bombardier Inc's regional jet program, in a deal that would shake up the market for narrowbody jets with fewer than 100 seats. Mitsubishi Heavy, which is working to break into aviation with the launch of its own regional jet program, told Reuters by email that it was in discussions but that no decision had been made. Bombardier also confirmed that it was in discussions with Mitsubishi Heavy but did not give any details.
Brazilian electric engineering company WEG SA said on Wednesday it had signed an agreement with Brazil's planemaker Embraer SA to develop new technology for electrical propulsion systems for aircraft. ...
The name change comes after Boeing agreed to pay $4.2 billion to buy 80% of Embraer's operation making passenger jets with fewer than 150 seats. Embraer will retain a 20% stake. Boeing has not made a decision yet about whether to rebrand the small and mid-sized planes, which currently carry the Embraer name followed by a model code.
In the past five trading sessions, the defense biggies put up a mixed show. While shares of Northrop, Textron and L3 Technologies gain hugely, the Boeing, General Dynamics and Raytheon stocks decline.
Embraer's commercial aircraft sales revenues dropped 26 percent, but new orders for business jets hit their highest quarterly level in three years, one analyst noted.
Embraer's (ERJ) first-quarter 2019 revenues declined year over year on account of lower deliveries at the Commercial Aviation segment and lower revenues from used jet sales in Executive Jets.
Stocks that moved substantially or traded heavily on Wednesday: The Progressive Corp., up $3.86 to $77.50 The insurance company reported a sharp increase in premiums during its most recent quarter and ...
Embraer SA reported a $42.5 million loss for the first quarter on Wednesday, its fifth straight quarter of losses, as revenue fell amid fewer plane deliveries and as the Brazilian planemaker spent heavily ahead of a deal with Boeing Co. Revenue fell most sharply, by 26% to $281 million, in its commercial aviation segment in the three months ended March 31. The company delivered 11 commercial jets in the quarter, three fewer than a year earlier.
Embraer SA reported a $42.5 million loss for the first quarter on Wednesday as revenue fell in its three main divisions due to fewer plane deliveries and as the Brazilian planemaker burned through cash in preparation for a deal with Boeing Co. Revenue fell most sharply, by 26% to $281 million, in its commercial aviation segment in the three months ended March 31. The company delivered 11 commercial jets in the quarter, three fewer than a year earlier.
On a per-share basis, the Sao Paulo-based company said it had a loss of 23 cents. Losses, adjusted for pretax gains, came to 34 cents per share. The plane and jet manufacturer posted revenue of $823.3 ...