Bombardier Inc B - BDRBF STOCK NEWS

Bombardier has announced plans to build a new 51,000 sq. ft. paint facility at its London Biggin Hill Service Centre, scheduled to open in the second half of 2026. The facility will service all Bombardier Global, Challenger, and Learjet aircraft, including Global 7500 and 8000 jets.

The two-bay paint facility will employ over 50 skilled paint technicians and complement the existing 250,000 sq. ft. service centre, which handles scheduled and unscheduled maintenance, modifications, and avionics installations. This expansion follows recent improvements at the site, including the 2024 addition of a 700-sq. ft. material lounge in partnership with F/LIST, installation of 3,000+ solar panels, and a new line maintenance station at nearby Farnborough Airport.

Bombardier Defense unveiled its first Head of State multi-mission Global 7500 aircraft delivered to armasuisse on January 29th, 2025, in Bern, Switzerland. The aircraft, delivered in December 2024, will serve dual purposes: government and military personnel transport and emergency evacuation missions.

The platform features the Smooth Flĕx Wing technology, achieving a top speed of Mach 0.925 and a range of 7,700 nautical miles. Notable specifications include exceptional lift capabilities, improved safety features, and a fleet dispatch reliability exceeding 99.8%. The aircraft's self-protection system is scheduled for installation in the second half of 2025.

According to armasuisse project manager Samuel Fuhrimann, the collaboration with Bombardier has met all contractual requirements regarding schedule and quality. The Global 7500 has set numerous speed records, completing more than 75 record missions on key routes since its entry into service in December 2018.

Bombardier (TSX: BBD.B) has announced it will release its fourth quarter and full year 2024 financial results on February 6, 2025. The company will host a live presentation at 8:00 a.m. ET, featuring President and CEO Éric Martel and CFO Bart Demosky, followed by an analyst Q&A session.

The presentation will be accessible via live webcast and telephone conference. Participants can join through local dial-in numbers in Montréal (+1 514 316-5035) and Toronto (+1 416 764-8624), with separate conference IDs for English and French presentations.

Bombardier has completed a partial redemption of US$300 million of its 7.875% Senior Notes due 2027, as announced in their December 10, 2024 notice. This debt reduction was funded using cash from the company's balance sheet.

CFO Bart Demosky emphasized the company's disciplined approach to debt reduction, noting that over the last twelve months, Bombardier has utilized $400 million of balance sheet cash to reduce long-term debt. This strategic move aims to reduce leverage and improve the company's credit metrics while providing additional flexibility in executing their strategy.

The redemption process was conducted through the Depository Trust Company's facilities following their standard procedures.

Bombardier (BDRBF) has announced the appointment of Bettina Fetzer to its Board of Directors, effective January 1, 2025. Fetzer currently serves as Vice President Digital & Communications at Mercedes‐Benz AG. She joined Mercedes-Benz in 2004 and became the company's first female Chief Marketing Officer and youngest Vice President in 2018. Fetzer holds a Diploma in European Business Studies and a Master's in Business Management, and currently serves on the Board of Directors of Moncler SpA.

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.