Embraer reported its first quarter 2009 results. Revenue declined 18.2% year-over-year to $1.154 billion due to lower jet deliveries. Net income was a loss of $23 million compared to a profit of $85 million in the prior year period. The order backlog remained strong at $19.7 billion though down from previous quarters. Embraer also received several new orders and certifications for its aircraft in the quarter and signed a $1.44 billion contract with the Brazilian government. However, the results and outlook reflect the challenging global economic environment.