Embraer announced on Monday (Apr. 27) its consolidated order backlog for the quarter, indicating a 22 percent increase compared to the first quarter of 2025. The result was driven by growth in commercial aviation orders, which rose 50 percent to an order backlog of USD 15 billion.

Embraer’s total order backlog reached USD 32.1 billion in the first quarter of 2026, marking the company’s sixth record-high level.

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The company delivered 44 aircraft during the period across all business units. This represents a 47 percent increase compared to the 30 deliveries in the first quarter of 2025 and accounts for 16 percent of the deliveries projected for 2026. The company expects to deliver between 240 and 255 aircraft in 2026 across business and commercial aviation.

The highlight was commercial aviation sales to Europe, with Finnish airline Finnair placing an order for up to 46 E195-E2 aircraft, including 18 official purchase orders, as well as options and purchase rights.

The company also announced that the Embraer Phenom 300 family has been recognized as the world’s best-selling light jet for the 14th consecutive year.

The Services & Support segment reached a record high, with revenues of approximately USD 5.1 billion, up 11 percent from the previous year.

The Brazilian company Serra Verde, which operates in the rare earth mining sector, was acquired by the US mining company USA Rare Earth (USAR) in a deal valued at approximately USD 2.8 billion. The purchase was announced on Monday (Apr. 20) by both companies.

Serra Verde operates the Pela Ema mine in Minaçu, in the state of Goiás. It is the only active ionic clay mine in Brazil, in operation since 2024. It is also the only producer of the most critical and valuable heavy rare earth elements outside Asia: dysprosium (Dy), terbium (Tb), and yttrium (Y). More than 90 percent of global rare earth extraction takes place in China.

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The materials are used to manufacture permanent magnets for electric vehicles, wind turbines, robots, drones, and high-efficiency air conditioners, as well as for the semiconductor, defense, nuclear, and aerospace sectors.

According to the Brazilian mining company, the venture will enable the creation of the world’s largest company in the sector. Production in Goiás is in its first phase and is still considered modest, but is expected to double by 2030.

“Serra Verde’s mining and processing operations will play a central role in establishing the first rare earth supply chain from mine to magnet outside Asia, when combined with USAR’s mining and downstream capabilities,” the Serra Verde Group said in a market announcement.

15-year contract

The contract provides for a 15-year supply agreement with a Special Purpose Vehicle (SPV), capitalized by various US government agencies as well as private capital sources, for 100 percent of its Phase I production at guaranteed minimum prices for magnetic rare earths.

“The supply agreement provides secure and predictable cash flows for Serra Verde, reducing risks, supporting investments, and enabling its successful development,” the USAR press release states.

According to the statement, the agreement will enable the creation of “a leading multinational rare earth company, from mine to magnet, with eight operations in Brazil, the United States, France, and the United Kingdom, and with active operational capabilities across the entire light and heavy rare earth supply chain, including mining, processing, separation, metallization, and magnet manufacturing.”

“These milestones are a significant positive development for Brazil and demonstrate the country’s ability to play a leading role in the development of global rare earth supply chains,” said Ricardo Grossi, president of Serra Verde Pesquisa e Mineração and chief executive officer of the Serra Verde Group.