Empresa Brasileira de Aeronautica S.A. (NYSE: ERJ), or "Embraer," formed by the Brazilian government in 1960 and privatized in 1994, designs, manufactures and sells aircraft and aviation-related structural parts to the world's commercial aviation and defense markets. Embraer is the fourth largest commercial aircraft manufacturer in the world and focuses primarily on the manufacture of regional aircraft for commercial, military, and corporate aviation. Accordingly, the company operates through four segments Service Aviation, Defense and Government, Corporate Aviation, and Executive Aviation. Embraer comprises a well-established family of regional airliners, including the 30-seat Embraer Brasilia Turboprop, the 37-seat Embraer 135, the new 44-seat Embraer 140, and the 50-seat Embraer 145 jetliners. In addition, the company has launched a new family of jetliners the Embraer 170/175 and the Embraer 190/195.
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