BOMBARDIER INC B - BDRBF STOCK NEWS

Bombardier has announced the winners of its Diamond Supplier Program for 2023, recognizing 26 suppliers for their outstanding operational performance and commitment to quality. The awards ceremony will be held in Montréal on September 16, 2024. The program covers three categories: Production, Indirect Goods and Services, and Aftermarket.

Highlights include:

• Introduction of a new 'Outstanding Partnership' category, with RAMM Aerospace as the inaugural recipient
• Plans to launch an Environmental Sustainability Supplier Award next year
• Recognition of suppliers' role in fostering innovation and stability in Bombardier's supply chain

The Diamond Supplier Program aims to promote excellence and collaboration, driving mutual success for Bombardier and its suppliers.

Bombardier (TSX: BBD.B) has been recognized on the TSX30 list for the second consecutive year, highlighting its robust stock performance. The company achieved a 200% share price growth and a 208% market cap increase over a three-year period ending June 30, 2024. As the only aerospace company in the ranking, Bombardier's inclusion underscores its strong financial discipline and value creation for shareholders.

The company's success stems from its focus on designing, manufacturing, and servicing premium business jets. Bombardier has also expanded into Services, Defense, and pre-owned businesses, setting the stage for future growth. The firm plays a important role in the Canadian aerospace sector and leads in sustainable aviation initiatives, including the EcoJet research project and the use of sustainable aviation fuel (SAF) for all flight operations since 2023.

Bombardier (BDRBF) has announced its participation in three key industry conferences during September 2024. Executive Vice-President and CFO Bart Demosky will represent the company at the Jefferies Industrials Conference in New York on September 4 and the Morgan Stanley's 12th Annual Laguna Conference in Dana Point, CA on September 12. Additionally, Francis Richer de la Flèche, Vice-President of Financial Planning and Investor Relations, will attend the 23rd Annual CIBC Eastern Institutional Investor Conference in Montréal on September 26. These events provide Bombardier with opportunities to engage with investors and industry professionals, potentially discussing the company's financial performance, strategic initiatives, and market outlook.

Bombardier's Global 7500 business jet has set over 50 speed records in less than 50 weeks, showcasing its outstanding performance. Notable records include city pairs from Miami to São Paulo, Tokyo to Los Angeles, Jeddah to London, and London to Bahrain. The jet's average speed for its 10 fastest new records exceeds 1,000 km/h.

With a top speed of Mach 0.925 and a range of 7,700 nautical miles, the Global 7500 offers exceptional performance and luxury. Its Smooth Flĕx Wing enhances aerodynamic efficiency, safety, and ride comfort while reducing fuel burn and emissions. The aircraft features four living spaces, a full-size kitchen, and innovative design elements like the patented Nuage seat.

Bombardier also announced the upcoming Global 8000, set to enter service in 2025, with an industry-leading range of 8,000 nautical miles and a top speed of Mach 0.94.

Bombardier has announced a partnership with Alinghi Red Bull Racing as an official supplier for the 37th America's Cup. This collaboration unites two teams dedicated to engineering excellence and innovation in their respective fields of aviation and sailing. The partnership comes as Alinghi Red Bull Racing prepares to compete in the prestigious sailing race, while Bombardier readies to launch its Global 8000 business jet.

Both teams share a commitment to uncompromising performance and pushing boundaries. Alinghi Red Bull Racing brings together experienced America's Cup winners and new talent, bolstered by Red Bull's Formula One expertise. Meanwhile, Bombardier's Global 7500 jet holds over 40 industry speed records, and the upcoming Global 8000 has already made history by breaking the sound barrier during testing.

Bombardier (TSX: BBD.B) reported strong Q2 2024 financial results, showing double-digit growth across key metrics. Aircraft deliveries increased 34% to 39 units, while total revenues climbed 32% to $2.2 billion. The Services segment contributed $507 million, up 18% year-over-year. Adjusted EBITDA rose 22% to $335 million, with a 15.2% margin. Free cash flow usage improved by $154 million compared to Q2 2023. The company's backlog stood at $14.9 billion with a unit book-to-bill of 1.0. Bombardier affirmed its full-year guidance, aiming for 150-155 aircraft deliveries in 2024 and $2 billion in Services revenues by 2025.

Bombardier has expanded its customer service footprint in Europe by adding a new line maintenance station in Farnborough, UK. This addition brings Bombardier's global line maintenance stations to 9, offering light scheduled and unscheduled maintenance, as well as Aircraft on Ground (AOG) support for all Learjet, Challenger, and Global series business jets.

The new station complements Bombardier's existing European service network, including the London Biggin Hill Service Centre, Berlin Service Centre, and Paris Line Maintenance Station. This expansion is part of Bombardier's commitment to enhancing OEM support for customers in the region, providing more resources and increased flexibility closer to their base of operations.

Bombardier's global network now includes 10 service centres and 35 Mobile Response Team units, ensuring comprehensive support for its aircraft worldwide.

Bombardier (TSX: BBD.B) has announced that it will release its second quarter 2024 financial results on July 25, 2024. The company will host a live presentation of the results, featuring Éric Martel, President and CEO, and Bart Demosky, Executive VP and CFO. The presentation is scheduled for 8:00 a.m. ET and will be followed by a Q&A session with analysts.

Interested parties can access the presentation via a live webcast available on Bombardier's website, which will include relevant financial charts in both English and French. Alternatively, the presentation can be accessed by phone, with lines opening 15 minutes before the start time. Local dial-in numbers are provided for Montréal and Toronto.

Bombardier has installed over 3,000 solar panels at its London Biggin Hill Service Centre, demonstrating its commitment to sustainable aviation practices. The new PV solar panel system will generate more than 1.133 million kWh, reducing annual carbon emissions by up to 252 tons and providing up to 32% of the facility's total energy demand from an on-site renewable source.

This initiative aligns with Bombardier's goal to reduce greenhouse gas emissions by 25% by 2025 relative to 2019 levels. The company is also pursuing other sustainability efforts, including using sustainable aviation fuel for all flight operations, publishing Environmental Product Declarations for its aircraft, and developing the EcoJet research project, which aims to reduce business jet CO2 emissions by up to 50%.