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A Milestone Year

By any standard, 1999 was a milestone year for Embraer. Our company earned a record US$230 million in net income and celebrated our tenth consecutive quarter of rising profitability. Total revenue reached US$1.89 billion, and our year-end backlog was US$6.4 billion in confirmed orders and US$17.7 billion including options both all-time highs.

In the commercial market, Embraer launched a new family of regional jets the ERJ 170, ERJ 190-100, and ERJ 190-200 and became

the first manufacturer to offer a full array of aircraft from 30 to 108 seats customized for each niche. The addition of a second jet family to our highly acclaimed ERJ 145, ERJ 135, and new ERJ 140 offers high commonality, cost savings, and service benefits to airlines around the world.

Our Defense business unit rolled out and flew the EMB 145 AEW&C, a cost-efficient, multiple-mission surveillance aircraft. With the sale of four of these aircraft to the Hellenic Air Force, we successfully entered the NATO market.