EmbraerThird Annual

Investor MeetingSão José dos Campos

Nov. 21-22, 2002

Romualdo M. de BarrosExecutive Vice President

Defense Market

GMS 148-A02

DefenseMarket

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Integrated Market Approach

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Super Tucano (ALX)

GMS 148-A02 THE INFORMATION CONTAINED HEREIN IS THE PROPERTY OF EMBRAER AND SHALL NOT BE COPIED NOR USED IN ANY MANNER EXCEPT AS EXPRESSLY AUTHORIZED

ALX / Super Tucano

GMS 148-A02 THE INFORMATION CONTAINED HEREIN IS THE PROPERTY OF EMBRAER AND SHALL NOT BE COPIED NOR USED IN ANY MANNER EXCEPT AS EXPRESSLY AUTHORIZED

ALX / Super Tucano

GMS 148-A02 THE INFORMATION CONTAINED HEREIN IS THE PROPERTY OF EMBRAER AND SHALL NOT BE COPIED NOR USED IN ANY MANNER EXCEPT AS EXPRESSLY AUTHORIZED

F-5 BR

GMS 148-A02 THE INFORMATION CONTAINED HEREIN IS THE PROPERTY OF EMBRAER AND SHALL NOT BE COPIED NOR USED IN ANY MANNER EXCEPT AS EXPRESSLY AUTHORIZED

AMX

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Common Philosophy, Common Software, Common Operation, Common Man-Machine Interface, Common Logistics Support

Commonality benefits

GMS 148-A02 THE INFORMATION CONTAINED HEREIN IS THE PROPERTY OF EMBRAER AND SHALL NOT BE COPIED NOR USED IN ANY MANNER EXCEPT AS EXPRESSLY AUTHORIZED

F-X BR ProgramThe main purpose is to provide a new air superiority fighter to the Brazilian Air Force (FAB) in order to replace the Mirage IIIfleet

Embraer, together with Dassault, Thales & Snecma presented the Mirage 2000 BR

Embraer assures local domain of strategic content that allows the aircraft operation and upgrade throughout its life cycle.

GMS 148-A02 THE INFORMATION CONTAINED HEREIN IS THE PROPERTY OF EMBRAER AND SHALL NOT BE COPIED NOR USED IN ANY MANNER EXCEPT AS EXPRESSLY AUTHORIZED

Intelligence – Reconnaissance –Surveillance Systems

GMS 148-A02 THE INFORMATION CONTAINED HEREIN IS THE PROPERTY OF EMBRAER AND SHALL NOT BE COPIED NOR USED IN ANY MANNER EXCEPT AS EXPRESSLY AUTHORIZED

EMB 145 AEW&C

GMS 148-A02 THE INFORMATION CONTAINED HEREIN IS THE PROPERTY OF EMBRAER AND SHALL NOT BE COPIED NOR USED IN ANY MANNER EXCEPT AS EXPRESSLY AUTHORIZED

EMB 145 RS/AGS

GMS 148-A02 THE INFORMATION CONTAINED HEREIN IS THE PROPERTY OF EMBRAER AND SHALL NOT BE COPIED NOR USED IN ANY MANNER EXCEPT AS EXPRESSLY AUTHORIZED

EMB 145 MP/ASW (P-99)

GMS 148-A02 THE INFORMATION CONTAINED HEREIN IS THE PROPERTY OF EMBRAER AND SHALL NOT BE COPIED NOR USED IN ANY MANNER EXCEPT AS EXPRESSLY AUTHORIZED

Programs in Process

Brazil

A-1M Program(under negotiation)

ALX Program F-5 BR Program

GMS 148-A02 THE INFORMATION CONTAINED HEREIN IS THE PROPERTY OF EMBRAER AND SHALL NOT BE COPIED NOR USED IN ANY MANNER EXCEPT AS EXPRESSLY AUTHORIZED

EMB 145 RS (R-99B)Remote Sensing

EMB 145 RS (R-99B)Remote Sensing

EMB 145 SA (R-99A)Surveillance AircraftEMB 145 SA (R-99A)Surveillance Aircraft

Programs in ProcessAmazon Surveillance System

GMS 148-A02 THE INFORMATION CONTAINED HEREIN IS THE PROPERTY OF EMBRAER AND SHALL NOT BE COPIED NOR USED IN ANY MANNER EXCEPT AS EXPRESSLY AUTHORIZED

Programs in Process

International Market

Super Tucano

Legacy

ISR Systems

GMS 148-A02 THE INFORMATION CONTAINED HEREIN IS THE PROPERTY OF EMBRAER AND SHALL NOT BE COPIED NOR USED IN ANY MANNER EXCEPT AS EXPRESSLY AUTHORIZED

Programs in Process

Hellenic Program

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EMB 145 AEW&C

EMB 145 MP

C4I CENTERC4I CENTER

Programs in ProcessMexico Program

GMS 148-A02 THE INFORMATION CONTAINED HEREIN IS THE PROPERTY OF EMBRAER AND SHALL NOT BE COPIED NOR USED IN ANY MANNER EXCEPT AS EXPRESSLY AUTHORIZED

New scenario after September 11, 2001

Focus onIntelligence,

Surveillance andReconnaissance

GMS 148-A02 THE INFORMATION CONTAINED HEREIN IS THE PROPERTY OF EMBRAER AND SHALL NOT BE COPIED NOR USED IN ANY MANNER EXCEPT AS EXPRESSLY AUTHORIZED

New scenario after September 11, 2001

Intelligence,Surveillance &

Reconnaissance Systems

This segment will have the strongest growth in

the defense systems market worldwide.

Embraer is ready for it.

GMS 148-A02 THE INFORMATION CONTAINED HEREIN IS THE PROPERTY OF EMBRAER AND SHALL NOT BE COPIED NOR USED IN ANY MANNER EXCEPT AS EXPRESSLY AUTHORIZED

AirAir

GroundGround SeaSea

Market Opportunities

“Homeland Defence & Security”

Embraer is offering to the market a family of Intelligence, Surveillance and Reconnaissance Systems to fulfill the Defense

and Internal Security, in mission capacity and costs.

Embraer is offering to the market a family of Intelligence, Surveillance and Reconnaissance Systems to fulfill the Defense

and Internal Security, in mission capacity and costs.

GMS 148-A02 THE INFORMATION CONTAINED HEREIN IS THE PROPERTY OF EMBRAER AND SHALL NOT BE COPIED NOR USED IN ANY MANNER EXCEPT AS EXPRESSLY AUTHORIZED

Embraer’s defense segment is focused on theEmbraer’s defense segment is focused on the ISR ISR segment with the segment with the purpose of achievingpurpose of achieving 20% 20% of Embraer’s total revenue in 5 years.of Embraer’s total revenue in 5 years.