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Stock Market & Financial Investment News

News Breaks
July 15, 2014
08:07 EDTERJEmbraer announces LOI with Azul Brazilian for up to 50 E195-E2s valued at $3.1B
Azul Brazilian Airlines announced, at the 2014 Farnborough International Airshow, that it has signed a Letter of Intent, or LOI, with Embraer S.A. for 30 firm orders for the E195-E2 jets. Besides the firm order, the LOI includes additional 20 purchase rights for the same model, bringing the total potential order to up to 50 E195-E2 jets. The contract for the E-Jets E2 has an estimated value of $3.1B, at list prices, if all purchase rights are converted to firm orders. As the first airline to order the E195-E2, Azul becomes the launch operator for this aircraft.
News For ERJ From The Last 14 Days
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March 5, 2015
09:34 EDTERJEmbraer downgraded to Hold from Buy at Drexel Hamilton
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March 4, 2015
19:01 EDTERJEmbraer sees FY15 revenue $6.1B-$6.6B, consensus $6.86B
Expected deliveries of 95-100 jets in the Commercial Aviation segment and 35-40 large jets and 80-90 light jets in the Executive Jets segment, with Defense & Security revenues of $1.1B-$1.25B in FY15.
18:58 EDTERJEmbraer reports Q4 EPS 50c, consensus 91c
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February 23, 2015
06:51 EDTERJAerospace sector downgraded to Neutral from Attractive at Goldman
Goldman downgraded the Aerospace sector to Neutral based on group outperformance and increased downside risks. The firm believes Boeing (BA) and Airbus are now oversupplying the market after a decade of undersupply and replacement demand required to sustain production may prove difficult to achieve. Goldman said accelerated new aircraft replacements was partially due to fuel economics and lower fuel prices and global growth volatility could substantially change Aerospace dynamics. As part of the sector view change, Goldman downgraded Boeing to Sell from Neutral and Precision Castparts (PCP) to Natural from Buy.

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