Embraer S.A. is a Brazilian aerospace conglomerate that produces commercial, military, executive and agricultural aircraft and provides aeronautical services. The company was founded in 1969 in São José dos Campos, São Paulo, where its headquarters are still located. Embraer is the third largest producer of civil aircraft, after Boeing and Airbus. The company's main competitors in the regional jet market are Bombardier and Mitsubishi Heavy Industries. Embraer has several subsidiaries, including Embraer Defense & Security, Embraer Executive Jets, and EmbraerX, which focuses on developing disruptive businesses.