Embraer's Firm Order Backlog Ended 3Q23 At $ 17.8B, The Highest Level In One Year, Driven By Higher Sales In Commercial Aviation
Portfolio Pulse from Benzinga Newsdesk
Embraer's firm order backlog ended 3Q23 at $17.8B, the highest level in one year, driven by higher sales in commercial aviation.
November 06, 2023 | 10:32 am
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Embraer's firm order backlog for 3Q23 reached $17.8B, the highest in a year, due to increased commercial aviation sales.
The news directly mentions Embraer (ERJ) and its increased firm order backlog, which is a positive indicator of future revenues. This could lead to a positive sentiment among investors and potentially drive the stock price up in the short term.
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