BOMBARDIER INC B - BDRBF STOCK NEWS

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.

Bombardier's Safety Standdown seminar returns to Wichita, KS for a three-day event from November 12-14, 2024, featuring the theme 'Elevate your Influence.' The free safety event, available both in-person and online, expects over 400 on-site attendees and hundreds more via webcast. The seminar offers safety knowledge-based training to all aviation professionals, regardless of aircraft type operated. Key presentations include insights from sports influence on aviation by Dr. Tony Kern, lessons from NTSB near misses, and aviation challenges analysis. Since its inception, over 10,000 aviation professionals have attended these seminars worldwide.

Bombardier Defense has delivered its eighth Global aircraft to the U.S. Air Force's Battlefield Airborne Communications Node (BACN) program. This delivery is part of a multi-year contract with a potential total value of nearly US$465 million. The BACN aircraft, designated E-11A, serves as a high-altitude communications gateway, enabling enhanced situational awareness and interoperability between air and land forces. A ninth aircraft is scheduled for delivery in 2025.

The Global aircraft platform was chosen for its speed, agility, and low operating costs, making it suitable for specialized missions. Known as 'Wi-Fi in the sky,' these aircraft can relay voice and tactical data, overcoming obstacles like mountains and terrain.

Bombardier celebrates a significant milestone with the delivery of its 100th Challenger 3500 aircraft, marking the fastest platform to reach 100 deliveries in the super-midsize category since its 2022 service entry. The aircraft features the widest-in-class cabin with a remarkable 99.8% dispatch reliability.

The Challenger 3500 introduces innovative features including Bombardier's patented Nuage seat, voice-control capability, 4K entertainment, wireless chargers, and a bring-your-own-device cabin philosophy. The platform has become a preferred choice for charter operators and corporations worldwide, offering unmatched versatility and the lowest direct operating costs in its class.

HENSOLDT, Lufthansa Technik Defense, and Bombardier Defense announced the successful first flight of the PEGASUS aircraft from Bombardier's Wichita facility. The aircraft, a modified Global 6000, is part of Germany's airborne surveillance program and will integrate HENSOLDT's Kalætron Integral SIGINT system for signal surveillance missions.

This milestone marks the first of three aircraft destined for the German Bundeswehr. The aircraft will undergo further flight testing at Bombardier's Wichita Flight Test Center before moving to Hamburg for systems integration and certification by Lufthansa Technik Defense. The project, awarded to HENSOLDT in June 2021, involves extensive collaboration between the three companies and various suppliers across Germany, Canada, and the U.S.

Bombardier has announced the commencement of manufacturing for key components of the first Global 8000 production aircraft at its facilities in Saint-Laurent, Red Oak, and Querétaro. Set to enter service in the second half of 2025, the Global 8000 will be the world's fastest and longest-range purpose-built business jet, with an industry-leading top speed of Mach 0.94 and a range of 8,000 nautical miles.

The aircraft features four living spaces, a separate crew rest area, and advancements in passenger comfort, including a Principal Suite with a full-size bed and stand-up shower. It also boasts revolutionary cabin features like entertainment control, connectivity, and Bombardier's l'Opéra directional audio sound system. Flight testing is progressing positively, and an upgrade option is available for existing Global 7500 aircraft owners.

Bombardier is set to showcase its industry leadership at NBAA-BACE 2024 in Las Vegas from October 22-24. The company will highlight its innovation, safety, sustainability, and excellence in business aviation. A key highlight of the event will be the presentation of NBAA's Meritorious Service to Aviation Award to Laurent Beaudoin, Chairman Emeritus, and Pierre Beaudoin, Chairman of the Board of Directors, during the opening keynote on October 22.

Bombardier will display its acclaimed Global 7500, Global 6500, and Challenger 3500 aircraft, along with a Challenger 300 Certified Pre-Owned (CPO) aircraft. The company's Services team will present its comprehensive services offering and support infrastructure. Bombardier will also host a press conference on October 21 at 9:20 AM to share the latest news, product updates, and program information.