Second-quarter earnings for the Aerospace sector, which houses aerospace-defense stocks, are expected to have declined 2.3%. Let's see how LDOS, CW, ERJ & HII report.
Brazilian planemaker Embraer on Thursday opened a maintenance hub for Pratt & Whitney (P&W) engines in Portugal, which it expects to bring in an additional 600 million euros ($653 million) in revenues per year once fully operational. The move comes amid surging demand for aircraft maintenance as airlines and manufacturers struggle with supply chain snags in the wake of the pandemic and more frequent engine repairs. The P&W-authorized maintenance facility at Embraer's OGMA subsidiary near Lisbon will be able to overhaul P&W engines that power jets made both by the Brazilian firm and larger peer Airbus.
Brazilian planemaker Embraer expects global passenger traffic in the next 20 years to grow at a faster pace than it had previously forecast but sees less room for regional aircraft deliveries, it said on Tuesday. Air travel boomed right after the pandemic but airlines cautioned at the Farnborough Airshow this week that demand has been normalizing as travelers baulk at higher fares while carriers face delivery delays and supply chain constraints. Embraer is the world's third-largest planemaker and focuses on up-to-150-seat aircraft, sitting just below Airbus' and Boeing's best-selling A320 and 737 families and rivaling the Airbus A220.