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São José dos Campos, December 13, 2007 – Embraer received the FINEP 2007 Award for Technological Innovation, yesterday, in the Product category, for the project of the Phenom 100 very light executive jet that combines bold performance features, comfort and design with low-cost operation and maintenance. The ceremony was held in the Brazilian capital, Brasília, and Luís Carlos Affonso, Embraer Executive Vice President, Executive Jets, received the award from Brazil’s Vice President, José Alencar.

We are honored by FINEP’s recognition. The agency plays an extremely important role in the Nation’s development,” Affonso said. “This award confirms the vision and purpose of Embraer of becoming one of the world’s primary manufacturers of executive jets, offering innovative and high technology products to the market.”

The Financing Agency for Studies and Projects (Financiadora de Estudos e Projetos - FINEP) organizes the FINEP Award, which had over 730 participants this year, and it supports all of the phases of the innovation process, from laboratory research to the development of markets for innovative products and processes.

This Award is the Oscar of Innovation. With this trophy, the agency recognizes the good ideas that give structure to the knowledge community,” commented Carlos Ganem, FINEP’s Superintendent of Institutional Relations.

Created in 1998, the initiative encourages entrepreneurial projects throughout Brazil and has included new categories over the years. Throughout its ten editions, 3,029 projects have been evaluated, which shows the growing importance of the Award.

About Financiadora de Estudos e Projetos (FINEP)

FINEP’s mission is to finance the innovations and scientific and technological research of companies, universities, technological institutes, research centers, and other public or private institutions, by mobilizing funds and integrating instruments for Brazil’s economic and social development.

FINEP is a public company connected to the Ministry of Science and Technology, and was created in 1967 to institutionalize the Fund for Financing Project and Program Studies (Fundo de Financiamento de Estudos de Projetos e Programas), substituting and expanding the role played, up to that time, by the National Economic and Social Development Bank (Banco Nacional de Desenvolvimento Econômico e Social - BNDES) and the Technical-Scientific Development Fund (Fundo de Desenvolvimento Técnico-Científico - FUNTEC), established in 1964 for the purpose of financing the implementation of post-graduate programs in Brazilian universities.

The company also supports science, technology and innovation programs of companies, in a partnership with scientific and technological institutions, such as the development of Embraer’s Tucano aircraft that opened the way for Brazilian airplanes to become an important export item for the Nation.

About the Phenom 100 Jet

The Phenom 100 jet is best-in-class. Premium comfort, outstanding performance and low operating costs are key design drivers for this jet. The aircraft will offer pilots and passengers the comfort and style unseen in its category. The relaxing ambience is enhanced by the size of the generous windows and the most ample cabin in its class. Onboard conveniences include a wardrobe or refreshment center, an aft cabin private lavatory with toiletry cabinet, and satellite communications.

The pilot-friendly cockpit and the docile flight characteristics of the new aircraft will enable single-pilot operation. Drawing from Embraer’s design and engineering heritage, the Phenom 100 will be built for high utilization and availability. For added safety and reliability, it will offer a standard brake-by-wire system with anti-skid capability.

Based on Garmin’s all-glass, fully-integrated avionics suite, the Prodigy® flight deck offers Phenom operators more advantages than any other avionics suite on the market. The pilot- friendly cockpit features three interchangeable 12-inch displays – two primary flight displays (PFD) and one multi-function display (MFD). The system integrates all primary flight, navigation, communication, terrain, traffic, weather, engine instrumentation, and crew- alerting system data and presents the composite information in brilliant, sunlight-readable color on three high-definition displays.

The Phenom 100 will comfortably accommodate four passengers in a typical club configuration. The generous 55-cubic-foot (1.56-cubic-meter) total baggage capacity is big enough to store their luggage, golf bags and even skis.

The jet is powered by two Pratt & Whitney Canada PW617F engines with 1,615 pounds of thrust each. Its range with four occupants onboard and at a maximum speed of Mach 0,70, will be 1,160 nautical miles (2,148 km or 1,335 miles) with NBAA IFR reserves, 35 minutes, and 100 nm alternate; or 1,320 nautical miles (2,445 km or 1,519 miles) with NBAA VFR reserves, 45 minutes. The Phenom 100 is capable of flying at 41,000 feet (12,497 meters) and is designed for short field takeoff performance. These characteristics will allow customers to fly nonstop from São Paulo to Buenos Aires (Argentina); Recife to Brasilia; Buenos Aires to Rio de Janeiro; Caracas (Venezuela) to Manaus; Santiago (Chile) to La Paz (Bolivia) at a lower cost than competitive aircraft, including turboprops.

The Phenom 100 is priced at US$ 3.05 million (basic configuration, without optional equipment), under conditions for ANAC certification, based on January 2005 economic conditions, and is expected to enter service in the second half of 2008.

More information available at

Note to Editors

Embraer (Empresa Brasileira de Aeronáutica S.A. - NYSE: ERJ; Bovespa: EMBR3) is the world’s largest manufacturer of Commercial jets up to 120 seats, and one of Brazil's leading exporters. Embraer's headquarters are located in São José dos Campos, São Paulo, and it has offices, industrial operations and customer service facilities in Brazil, the United States, France, Portugal, China and Singapore. Founded in 1969, the Company designs, develops, manufactures and sells aircraft for the Commercial Aviation, Executive Aviation, and Defense and Government segments. The Company also provides after sales support and services to customers worldwide. On September 30, 2007, Embraer had a workforce of 23,770 employees and a firm order backlog of US$ 17.2 billion.

This document may contain projections, statements and estimates regarding circumstances or events yet to take place. Those projections and estimates are based largely on current expectations, forecasts on future events and financial tendencies that affect Embraer’s businesses. Those estimates are subject to risks, uncertainties and suppositions that include, among others: general economic, political and trade conditions in Brazil and in those markets where Embraer does business; expectations on industry trends; the Company’s investment plans; its capacity to develop and deliver products on the dates previously agreed upon, and existing and future governmental regulations. The words “believe”, “may”, “is able”, “will be able”, “intend”, “continue”, “anticipate”, “expect” and other similar terms are supposed to identify potentialities. Embraer does not feel compelled to publish updates nor to revise any estimates due to new information, future events or any other facts. In view of the inherent risks and uncertainties, such estimates, events and circumstances may not take place. The actual results can therefore differ substantially from those previously published as Embraer expectations.

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