BOMBARDIER INC B - BDRBF STOCK NEWS

Bombardier has announced a partial redemption of US$300 million of its 7.875% Senior Notes due 2027. The redemption will be executed using cash from the company's balance sheet. The redemption date is set for January 9, 2025, with a redemption price of 100.00% of the principal amount plus accrued and unpaid interest.

The redemption process will be facilitated through the Depository Trust Company, with Deutsche Bank Trust Company Americas serving as the paying agent. The notice of redemption was issued to record holders on December 10, 2024.

Bombardier has achieved a significant milestone with the delivery of its 200th Global 7500 business jet, highlighting the platform's international success. The aircraft features a Smooth Flĕx Wing technology and boasts impressive specifications including a top speed of Mach 0.925 and a range of 7,700 nautical miles.

Since its entry into service in December 2018, the Global 7500 has maintained a fleet dispatch reliability exceeding 99.8% and set over 75 speed records on key routes. Notable achievements include an 8,225 nautical mile flight from Sydney to Detroit in October 2019, marking the longest flight in business aviation history.

The aircraft's success will be further enhanced with the upcoming Global 8000, announced in 2022, which will feature an extended range of 8,000 nautical miles and a top speed of Mach 0.94, scheduled to enter service in the second half of 2025.

Bombardier has announced reaching a settlement agreement with Honeywell International regarding a lawsuit initially filed in 2016 in the Superior Court of Québec. The settlement resolves both the original lawsuit and the pending appeal request before the Supreme Court of Canada. The specific terms of the settlement agreement remain confidential between both parties.

Bombardier Defense has delivered its first Global 6500 aircraft to the U.S. Army's High Accuracy Detection and Exploitation System (HADES) program. The ceremony took place at Bombardier's U.S. Headquarters in Wichita, Kansas. The aircraft will enhance the Army's aerial deep sensing capabilities as part of its intelligence, surveillance and reconnaissance (ISR) modernization efforts. The Global 6500 offers superior performance with up to 18 hours of endurance, 750 flight hours between maintenance, and 99.83% dispatch reliability. The platform flies higher, faster, and farther than legacy airborne sensor platforms, providing significant advantages for military ISR missions.

Bombardier has appointed Caroline Maso as Chief Human Resources Officer, effective early 2024. Maso brings nearly 25 years of aerospace industry experience and will report to CEO Éric Martel. She previously served as Senior VP of HR at AtkinsRéalis and held executive positions at Pratt & Whitney. Maso will succeed Dan Brennan, who will retire on June 30, 2025, after joining in 2017. Brennan will support Maso's transition and act as special advisor to the CEO. In her new role, Maso will lead Bombardier's worldwide HR practice, focusing on making the company a best-in-class employer across all operating countries.

Bombardier (BBD-B.TO) has announced its participation in two upcoming financial conferences in December 2024. The company will attend Bank of America's Leveraged Finance Conference on December 3 in Boca Raton, Florida, represented by Francis Richer de la Flèche and Anna Marie Westerdahl. The following day, December 4, Goldman Sachs' Industrials and Materials Conference in New York will feature Bart Demosky and Francis Richer de la Flèche. Interested parties can contact Investor Relations for more information about Bombardier's participation.

Bombardier's Global 7500 business jet has achieved over 75 speed records, including new routes from Miami to São Paulo, Tokyo to Los Angeles, and Los Angeles to Auckland. The aircraft features a top speed of Mach 0.925 and a range of 7,700 nautical miles, with notable achievements like Tokyo to Hong Kong in 3 hours 40 minutes and Los Angeles to Auckland in 11 hours 55 minutes. With a fleet of nearly 200 aircraft and over 200,000 flying hours, the Global 7500 sets industry standards in the ultra-long-range class. The upcoming Global 8000 aircraft, announced in 2022, will offer enhanced capabilities with an 8,000 nautical mile range and Mach 0.94 speed, with entry into service planned for 2025.

Bombardier reported strong Q3 2024 results with total revenues increasing 12% year-over-year to $2.1 billion, driven by record Services revenue of $528 million and favorable aircraft mix across 30 delivered units. The company achieved an Adjusted EBITDA of $307 million with a 14.8% margin. The backlog stood at $14.7 billion with a unit book-to-bill of 1.0. Available liquidity remained strong at $1.2 billion, further strengthened by a $150 million increase in its secured revolving credit facility to $450 million. The company maintains its position to meet full-year 2024 guidance.

Bombardier has received two prestigious Red Dot Awards for its new brand evolution in 2024. The company won the 'Red Dot: Best of the Best' award for Brands and Communication Design, and a 'Red Dot' prize for its logo redesign, the Bombardier Mach, which features an aircraft breaking the sound barrier. The brand evolution reflects Bombardier's focus on business jets, innovative spirit, and family values.

The award-winning work will be displayed at the Museum of Communication in Berlin from November 2024 to January 2025 and at the Red Dot Design Museum in Essen in Spring 2025. These accolades add to other 2024 recognition from Graphis Design, Brand Impact, and Transform North America.