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Embraer better than Boeing
5/21/2013 8:37:00 AM
By: Emerging Money
Embraer ( ERJ , quote ) is about to announce another larger than expected customer order that will continue a re-rating process on the stock.
A quick review of the updates on EmergingMoney.com over the last two years, illustrates our view that this is one of the best run companies in the world, and a leader in technology.
Embraer is a charter member of the "Ambassador's Index". Today, SkyWest ( SKYW , quote ), Inc. has agreed to purchase 100 new E175 dual-class regional jet aircraft from Embraer, and another 60 conditional orders.
The potential size of this deal is $4.1 billion and this should increase their order book backlog by 30% deliveries are expected to begin in the second quarter of 2014 and continue through mid-2015.
SkyWest will operate Embraer 175s under the United Express brand. This deal was not expected to come until later in the year and also is larger than expected.