Why These Defense Stocks Are Gaining This Week

6. Embraer S.A. (NYSE:ERJ)

Weekly Gains: 7.07%

Embraer S.A. (NYSE:ERJ) is a Brazil-based jet manufacturer that produces aircraft for commercial and executive aviation and defense purposes.

The stock has surged 40% year-to-date. It continues to generate solid returns, with another gain of 7.07% over the past week. Investor sentiment has been bolstered by the recent announcement of financial results for the fourth quarter and full year 2024 on February 27.

Embraer S.A. (NYSE:ERJ) generated a revenue of $2.3 billion in Q4, up 17% from last year. Full year revenue stood at $6.4 billion, the highest ever in the company’s history. It ended Q4 with a record order backlog of $26.3 billion, which is also the largest ever in its history and 40% higher year-over-year.

Embraer S.A. (NYSE:ERJ) continues to receive high-value contracts. Last month, it signed a $7 billion agreement with Flexjet to supply 182 aircraft and 30 options, and another contract with Japan’s ANA for 15 E190-E2 planes to support domestic operations.