UPDATE 2-Embraer boosts backlog with regional jet order

Mon Jan 14, 2013 10:10am EST
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* Order backlog up to $12.5 billion, first rise in a year

* Shares up 3 percent as order bolsters 2013 output outlook

* Late flood of private jet deliveries helps meet targets

By Brad Haynes

SAO PAULO, Jan 14 (Reuters) - Brazilian planemaker Embraer SA reported its first quarterly backlog growth in a year on Monday with an order of 20 regional jets from an unnamed customer.

The company, the world's largest maker of regional jets, broke a yearlong drought of big airline orders with a deal for 15 E-190 and five E-175 planes in the fourth quarter. The announcement in a securities filing raised hopes that Embraer can keep up production levels in 2013.

Shares of Embraer rose 3 percent in Sao Paulo, their biggest intraday rise in nearly a month, helping the stock recover after a year when the planemaker lost its sales lead to Canadian rival Bombardier Inc.

The company's order backlog, a pipeline of future revenue, grew to $12.5 billion at the end of December. Three months earlier, the backlog fell to $12.4 billion, its lowest level in more than six years, raising concerns that Embraer might have to cut output this year.

Embraer has said it is counting on orders early in 2013 to fill open production slots for the end of the year.   Continued...