Texas Gets A Lift: Embraer's ~$70M Investment Set To Power Aviation Jobs And Innovation In Fort Worth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 16 2024
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Source: Benzinga
Expansion of MRO Services: Embraer S.A. is expanding its maintenance, repair, and overhaul services in the U.S. with a new service center at Perot Field Alliance Airport in Fort Worth, Texas, set to open by 2025, increasing E-Jet service capacity by 53% and creating around 250 jobs.
Investment and Regional Impact: The expansion involves an investment of up to $70 million and aims to strengthen North Texas as a hub for aerospace innovation, benefiting both Embraer and other aviation companies in the region.
Analyst Views on AADR
Wall Street analysts forecast AADR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AADR is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 93.695
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Current: 93.695
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
