Embraer Secures Its 2018 Production With a Big E175 Order

Embraer Secures Its 2018 Production With a Big E175 Order

Shares of Brazilian aircraft manufacturer Embraer (NYSE: ERJ) lost more than half of their value between late 2014 and mid-2017. Order activity for the company's commercial aircraft started to slow during this period, while profit margins plunged at Embraer's executive aviation and defense segments.

However, Embraer stock rallied more than 3% on Wednesday, after the company announced a firm order for 25 jets from top U.S. regional airline SkyWest (NASDAQ: SKYW). In total, the stock has jumped by about 30% since late June.

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Source: Fool.com