Embraer Ecstasy Over U.S. Contract Proves Agony Losing It

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Embraer SA Chief Executive Officer Frederico Curado won’t forget the day he learned that the Brazilian planemaker had won a $355 million contract for a U.S. Air Force light-attack aircraft after 14 months of work.

Even more memorable was the day Curado saw in the press that the U.S. had canceled the award.