Embraer
Embraer S.A. is a Brazilian multinational aerospace corporation that designs, develops, manufactures, and sells commercial, executive, military, and agricultural aircraft while providing related services and support.[1] Founded on August 19, 1969, by the Brazilian government under the leadership of Ozires Silva to advance national aeronautical technology and reduce import dependence, the company was privatized in 1994 following financial difficulties.[2][3] Headquartered in São José dos Campos, Brazil, Embraer employs over 23,000 people globally and operates in key segments including commercial aviation with regional jets like the E-Jet family, executive jets such as the Phenom and Praetor series, defense systems featuring the Super Tucano and C-390 Millennium, and services for aftermarket support.[1][4] Embraer has achieved prominence as the world's third-largest producer of civil aircraft after Boeing and Airbus, driven by its focus on efficient regional jets that captured significant market share in the 70-150 seat category through technological innovation and export-oriented strategies post-privatization.[5] The company's success stems from government-backed R&D in its early years, transitioning to a competitive private entity that delivered over 8,000 aircraft cumulatively and expanded into diverse markets, including substantial U.S. operations contributing billions in assets.[6] In recent years, Embraer reported record revenues exceeding $1.8 billion in Q2 2025, with an all-time high backlog of $29.7 billion, reflecting strong demand amid industry recovery.[7] Notable controversies include a 2016 settlement exceeding $107 million with U.S. authorities for violations of the Foreign Corrupt Practices Act, involving bribes to foreign officials in countries like the Dominican Republic and Saudi Arabia to secure contracts, alongside historical subsidy disputes with competitors such as Bombardier.[8][9] These events highlight challenges in international dealings but have not derailed Embraer's operational growth or market position, underscoring its resilience in a highly competitive and regulated sector.