Jet Maker Embraer Scores Breakout On Record $7 Billion Order

Blockhead
05 Feb

Shares of Embraer rallied above a buy point early Wednesday after the Brazilian jet manufacturer landed a record $7 billion order. Embraer (ERJ) on Wednesday announced a new purchase agreement with Flexjet, a fractional jet ownership company. Per the deal, Flexjet ordered a fleet of 182 business jets comprised of Praetor 600, Praetor 500 and Phenom 300E models, as well…

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