The presentation summarizes Embraer's corporate overview and outlook. It discusses reaching a record backlog of $15 billion in orders in 1Q07. However, jet deliveries declined to 25 aircraft in 1Q07 due to supply chain issues. Embraer outlined actions taken to increase production through hiring 3,500 new employees, expanding facilities, and investing in new machines. Embraer expects to deliver between 165 to 170 aircraft in 2007 and reach a 30% gross margin in 4Q07 as the actions taken start delivering results.