Brazil’s new defense budget could give Embraer’s stock another lift

Brazil’s Senate has approved a new multi-year BRL 30 billion defense budget through 2031, a move analysts say could bring further momentum to Embraer’s recent remarkable run. The plan, which guarantees predictable funding for strategic military programs, strengthens both the company’s domestic pipeline and its credibility among foreign buyers.

BTG Pactual, an investment bank, wrote that the new budget carries a “double impact” for Embraer: