Embraer blames failed Boeing deal for sharp drop in commercial jet deliveries
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SAO PAULO (Reuters) - Brazil planemaker Embraer said Tuesday it delivered just five commercial jets in the first quarter, less than half what it delivered a year ago, blaming the slump on its preparations for a deal with Boeing Co that ultimately fell apart.The company said its backlog, a gauge of future revenue, stood at $15.9 billion(12.86 billion pounds), compared with $16.8 billion three months ago.