Embraer 2007 Results Show Record Deliveries

 - April 29, 2008, 7:27 AM

Embraer ended calendar year 2007 with a record 169 aircraft deliveries and a record backlog of firm orders worth $18.8 billion. The numbers reflected activity in all aircraft segments, including its Executive Jets division. According to president and CEO Frederico Fleury Curado, Embraer took in $5.245 billion in revenue, a substantial increase over the $3.759 billion in 2006. Embraer is now focused on “gathering resources” to accelerate production. Those resources included the hiring of an additional 4,500 employees in the first half of the year, “most of them in Brazil,” bringing the total Embraer workforce worldwide to nearly 24,000. Curado reaffirmed expectations that Embraer will deliver between 195 and 200 aircraft this year.