Embraer reported a record year with sales topping $3.8 billion, an 11.3% increase over 2004, and net income of $446 million, a 17.2% rise. The Brazilian manufacturer's firm-order backlog was valued at $10.4 billion as of Dec. 31. Additionally, the company strengthened its financial position, with net cash of $360 million compared to $22 million on hand last year. It delivered 118 aircraft in 2005 and has a firm-order backlog of 322 170/190 aircraft. Included among 2005 deliveries were the ...

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