Embraer $ERJ Resurrection Cross After $72 Million Deal

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Embraer $ERJ stock confirmed a Resurrection Cross on January 4, 2023. $ERJ stock also did a Triangle breakout on December 21, 2022, with the breakout target zone shown with the green shaded box on the chart below. The stock is in a technical strong uptrend.

Embraer stock chart on January 4 2023 with a Triangle Breakout and Resurrection Cross
Embraer stock chart on January 4 2023 with a Triangle Breakout and Resurrection Cross

Embraer Signs Heavy Maintenance Services Agreements for Macon Facility

Two contracts for heavy maintenance services worth a combined $72 million were signed by Embraer Aircraft Maintenance Services (EAMS) in Macon, Georgia, on December 16, 2022. Each company will receive the airframe maintenance and repair services provided by Embraer’s portfolio of solutions under the contracts, which have been signed with Envoy Air and JSX.

Envoy has been a client of EAMS since 2002, and since 2011, it has periodically outsourced maintenance lines to the company; however, the new contract includes one heavy nose-to-tail maintenance line. Embraer has a long-term contract with JSX for two nose-to-tail heavy maintenance lines.

“We welcome Envoy back to EAMS as a recurring customer of heavy maintenance and look forward to the start of new partnerships with JSX for our support,” said Frank Stevens, Vice President, Global MRO Centers, Embraer Services & Support. “Macon continues to expand, and these new lines will promote growth within the area and open job positions for qualified talent. Overall, these contracts are mutually beneficial for our partners as we can provide exceptional service while expanding our operations.”

The Story Of Embraer: The Past, Present & Future

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