Latest news with #KC-390
Yahoo
6 days ago
- Business
- Yahoo
HSBC upgrades Brazil's Embraer on strong delivery outlook
--HSBC upgraded Brazilian planemaker Embraer to 'Buy' from 'Hold,' saying a record order backlog, improving output, and growing momentum in executive jets and defense deliveries support a positive earnings trajectory through this year. The brokerage raised its price target to $57 from $45, citing a higher valuation for Embraer's eVTOL unit EVE and a lower discount rate in its cash flow model. The new target implies a 24% upside from current levels. 'With an all-time high backlog of $26.4bn at end-Q1, Embraer offers strong revenue generation in the coming quarters, which is supported by accelerated efforts to remove output bottlenecks and spread production more evenly over quarters,' HSBC wrote. It expects robust second-quarter performance with nine aircraft already in finished inventory, equal to nearly 20% of last year's Q2 deliveries. HSBC forecasts a 28% year-on-year rise in executive jet deliveries in the first quarter of 2025 and sees steady demand in defense, particularly for the KC-390 and A-29 aircraft. It also flagged the upcoming Paris Air Show as a potential source of new orders. The bank said the impact of new U.S. tariffs, 10% on Brazilian imports, is likely limited, estimating a roughly 90 basis-point hit to EBIT margins in the Executive and Services segments, but noted that Embraer plans to offset these through cost cuts and increased U.S. content. Commercial aviation is unaffected, and overall 2025 margin guidance remains unchanged. HSBC maintained its 2025 revenue estimate of $7.5 billion, at the top of company guidance, and its consolidated adjusted EBIT margin forecast at 7.9%. It now values the company at 10.8x and 8.1x 2025 and 2026 EV/EBITDA respectively, versus a five-year average of 8.7x. A successful flight test of EVE's first full-scale prototype, scheduled for mid-2025, could serve as a key catalyst, the firm added. Related articles HSBC upgrades Brazil's Embraer on strong delivery outlook Goldman Sachs upgrades Brazil's XP, cuts rating on B3 on shifting risk-reward Bernstein starts coverage of entertainment stocks: Spotify and TKO at Outperform Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Sun
15-05-2025
- Business
- The Sun
Embraer to showcase multi-mission medium transport KC-390 Millennium at LIMA 2025
KUALA LUMPUR: Embraer, a global leader in the aerospace industry, will display its KC-390 Millennium, the most advanced multi-mission tactical airlift in its class, at the 17th edition of Langkawi International Maritime and Aerospace Exhibition (LIMA) from May 20 to 24. Embraer Defence and Security president and CEO Bosco da Costa Junior said the KC-390 is a new generation military airlift with multi-mission capability, interoperability, reliability, low life-cycle cost, and high performance at its core. 'Embraer is proud to bring the KC-390 to LIMA 2025. The aircraft is gaining traction around the world, and we look forward to expanding our footprint in the Asia Pacific region,' he said in a statement today. According to the statement, the KC-390 is a new generation multi-mission aircraft designed and built to take on the demands of the 21st-century operating environment. 'The aircraft is the most advanced in its class and flies faster (470kts) and further on a standard crew duty day. It also carries more cargo (26 tonnes) compared to other medium-sized military cargo aircraft and is powered by IAE V2500 engines,' it said. Capable of performing reliably in Southeast Asia's diverse terrains and climate, the KC-390 can operate on temporary or unpaved runways, including packed earth, soil and gravel and in conditions ranging from humid to hot and high or cold and dry. 'It can perform a wide range of missions such as transporting and dropping cargo and troops, medical evacuation, search and rescue, humanitarian missions, firefighting and air-to-air refuelling both as a tanker and a receiver,' it said. Embraer's KC-390 is also equipped with a modern and comprehensive suite of sensors and communication equipment that support vital connectivity between aircraft, operational commands, and troops on the ground. 'Additionally, KC-390's robust integrated electronic warfare and self-protection system drive survivability. 'The aircraft has achieved an outstanding mission accomplishment rate of 99 per cent with low operational costs. Its multi-mission capability and interoperability are built-in by design, enabling the aircraft to be ready for all mission profiles by Air Forces,' it added.
The Sun
15-05-2025
- Business
- The Sun
Embraer to showcase KC-390 Millennium at LIMA 2025
KUALA LUMPUR: Embraer, a global leader in the aerospace industry, will display its KC-390 Millennium, the most advanced multi-mission tactical airlift in its class, at the 17th edition of Langkawi International Maritime and Aerospace Exhibition (LIMA) from May 20 to 24. Embraer Defence and Security president and CEO Bosco da Costa Junior said the KC-390 is a new generation military airlift with multi-mission capability, interoperability, reliability, low life-cycle cost, and high performance at its core. 'Embraer is proud to bring the KC-390 to LIMA 2025. The aircraft is gaining traction around the world, and we look forward to expanding our footprint in the Asia Pacific region,' he said in a statement today. According to the statement, the KC-390 is a new generation multi-mission aircraft designed and built to take on the demands of the 21st-century operating environment. 'The aircraft is the most advanced in its class and flies faster (470kts) and further on a standard crew duty day. It also carries more cargo (26 tonnes) compared to other medium-sized military cargo aircraft and is powered by IAE V2500 engines,' it said. Capable of performing reliably in Southeast Asia's diverse terrains and climate, the KC-390 can operate on temporary or unpaved runways, including packed earth, soil and gravel and in conditions ranging from humid to hot and high or cold and dry. 'It can perform a wide range of missions such as transporting and dropping cargo and troops, medical evacuation, search and rescue, humanitarian missions, firefighting and air-to-air refuelling both as a tanker and a receiver,' it said. Embraer's KC-390 is also equipped with a modern and comprehensive suite of sensors and communication equipment that support vital connectivity between aircraft, operational commands, and troops on the ground. 'Additionally, KC-390's robust integrated electronic warfare and self-protection system drive survivability. 'The aircraft has achieved an outstanding mission accomplishment rate of 99 per cent with low operational costs. Its multi-mission capability and interoperability are built-in by design, enabling the aircraft to be ready for all mission profiles by Air Forces,' it added.
Reuters
02-04-2025
- Business
- Reuters
Embraer eyes KC-390 sales to Poland, Turkey, Finland, minister says
RIO DE JANEIRO, April 2 (Reuters) - Brazil is in talks with Poland, Finland and Turkey for them to potentially purchase Embraer's ( opens new tab KC-390 military aircraft, Defense Minister Jose Mucio said on Wednesday at the LAAD conference in Rio de Janeiro. "Negotiations to expand KC-390 are permanent and we are optimistic," Mucio said, after Sweden earlier this week confirmed it would buy four aircraft.
Reuters
11-03-2025
- Business
- Reuters
Embraer eyes potential KC-390 final assembly line in Poland
SAO PAULO, March 11 (Reuters) - Brazilian planemaker Embraer ( opens new tab is considering establishing a final assembly line for its KC-390 military cargo aircraft in Poland, it said on Tuesday amid strong sales momentum for the plane in Europe. "Embraer is looking at partners for parts manufacturing and for a potential final assembly line for the KC-390," the firm said in a statement as Chief Executive Francisco Gomes Neto visited Poland this week. Make sense of the latest ESG trends affecting companies and governments with the Reuters Sustainable Switch newsletter. Sign up here.
