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May 16, 2004

Embraer Announces 1Q04 Financial Results

Embraer, one of the leading commercial aircraft manufacturers in the world, registered in 1Q04 net sales of US$626.2 million and net income of US$103.3 million.

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Composite Technology, Inc. Acquired by Private Equity Syndicate

Composite Technology, Inc., the largest independent rotor blade repair company operating worldwide, has been acquired by a syndicate of Philadelphia based private equity firms assembled as a holding company called Ranger Composites LLC.

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