Embraer S.A. (the "Company") is a publicly-held company incorporated under the laws of the Federative Republic of Brazil. Formed in 1969 by the Brazilian Federal Government, the Company was privatized in 1994. The corporate purpose of the Company is the development, production and sale of jet and turboprop aircraft for civil and defense aviation, aircraft for agricultural use, structural components, mechanical and hydraulic systems and technical activities related to the production and maintenance of aerospace material.
On September 16, 2010, the Board of Directors approved a proposal to change Embraer's corporate objective and name. The proposal was submitted to the Board member appointed by the Brazilian Federal Government and to the Brazilian Finance Ministry, who confirmed that they were in favor of the measure. The proposal was submitted to the General Meeting held on November 19, 2010 and was approved, and the corporate name was changed from Embraer – Empresa Brasileira de Aeronáutica S.A. to Embraer S.A. and the following activities included among its corporate objectives.
i) to design, construct and sell equipment, materials, systems, software, accessories and components for the defense, security and energy industries and to promote or perform technical activities in relation to the respective production and maintenance, upholding the highest technical and quality standards; and
ii) to execute other technical, industrial, commercial and service activities related to the defense, security and energy industries.
The Company's shares are listed on the enhanced corporate governance segment of the São Paulo Stock Exchange (BM&FBovespa), the New Market ("Novo Mercado"). The Company also has American Depositary Shares (evidenced by American Depositary Receipts – ADRs) registered with the Securities and Exchange Commission (SEC) and listed on the New York Stock Exchange (NYSE). The Company has no controlling group and its capital comprises only ordinary shares.
The Company has wholly-owned consolidated subsidiaries and/or commercial representative offices, which are located in Brazil, the United States, France, Spain, China, Portugal and Singapore and are mainly engaged in sales marketing and post sales/maintenance services.