SAO JOSE DOS CAMPOS, Brazil, May 13 /PRNewswire-FirstCall/ -- Embraer announced, today, in the presence of Mayor Harry Goode, of the City of Melbourne, Florida, Governor Charlie Crist of the State of Florida, Enterprise Florida, and other state and local officials, that it plans to invest an estimated US$ 50 million for the establishment of a new facility in the United States dedicated to its executive jets business.
The new 150,000-square-foot state-of-the-art facility will house a final assembly line, the first for Embraer in the U.S. It will be capable of producing both the Phenom 100 and Phenom 300 executive jet models, as well as a paint shop and a delivery and customer design center.
After a rigorous and thorough site selection process, the preferred location for the project is Melbourne International Airport, in Melbourne, Florida, which best satisfies all applicable operational requirements and strategies. A Memorandum of Intent has been executed between all of the necessary parties, and a final decision is predicated on approval by the State and local governments.
Embraer expects to create approximately 200 skilled positions by 2011. These will be necessary to operate all aspects of the facility, including aircraft assembly, production planning, logistics and quality, aircraft interior design, corporate administration, engineering, and aircraft painting, delivery, and flight testing functions.
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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