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Bombardier Inc. (BDRBF) is a global leader in aerospace innovation and advanced rail transportation solutions. This dedicated news hub provides investors and industry professionals with timely updates on corporate developments, financial performance, and strategic initiatives shaping the future of mobility.
Access authoritative coverage of Bombardier's latest press releases, including aircraft delivery milestones, service network expansions, and technological advancements. Our curated collection features essential updates across key operational areas: quarterly earnings disclosures, defense contract awards, sustainability initiatives, and partnership announcements within the aviation sector.
Bookmark this page for streamlined access to critical information affecting Bombardier's market position. Monitor executive leadership updates, production capacity changes, and regulatory developments that impact the company's performance in business aviation and rail transportation markets.
Bombardier has received a notice from Alstom S.A. requesting arbitration over alleged contractual breaches related to the sale of Bombardier's Transportation business on January 29, 2021. Bombardier believes it has strong grounds to defend itself and will also contest certain purchase price adjustments that reduced the proceeds from the sale. The arbitration process may take several years, and Bombardier will limit its comments on the matter due to confidentiality obligations.
Bombardier has designated its Wichita facility as the new U.S. Headquarters, aiming to capitalize on growth in the MRO and defense sectors. This site will also host Bombardier Defense, reflecting an expansion of its Specialized Aircraft division. Further, Bombardier confirmed additional orders for modified Global 6000 jets worth up to $465 million from the USAF for the BACN program. The Wichita site will focus on recruiting, with over 180 jobs available, and has increased its service center workforce significantly, expanding from three to seven hangars in four years.
On April 19, 2022, Bombardier will celebrate the future of its Wichita site and announce job opportunities. The event, attended by President and CEO Éric Martel and the Executive Leadership Team, will include a site tour for media representatives.
The celebration takes place at 1:30 pm CST at 1 Learjet Way, Wichita, KS. Media can register via an online form and join the event live on LinkedIn and Facebook. Bombardier is a leader in aviation, focusing on business jets with a global fleet of approximately 5,000 aircraft.
On April 19, 2022, Bombardier will host a significant event at its Wichita site to discuss future plans and available job opportunities. The event, starting at 1:30 pm CST, will feature President and CEO Éric Martel and other executives. Media members can tour the facility after the event. Attendees must register through Bombardier’s online form. Bombardier is a leading aviation company known for its innovative business jets, with operations in various countries and a customer support network worldwide.
VistaJet has achieved a significant milestone by managing 10% of the Global 7500 fleet following Bombardier's 100th delivery of the aircraft. This expansion will enhance VistaJet's ultra-long-haul capabilities, with plans to increase its fleet to 17 by the end of 2022. VistaJet's Global 7500 jets provide access to 187 countries, allowing for non-stop flights globally. Notably, the aircraft boasts an industry-leading range of over 7,700 nautical miles and aligns with VistaJet's sustainability goals, aiming for carbon neutrality by 2025.
Bombardier announced its upcoming Annual and Special Meeting of Shareholders set for May 5, 2022, to discuss a proposal for share consolidations of Class A and Class B shares in a ratio between 10-for-1 and 30-for-1. This initiative aims to align Bombardier's share structure with similar market capitalizations on the TSX. CEO Éric Martel stated that the consolidation is a strategic move to enhance liquidity and streamline operations, focusing on business jets. Shareholders of record as of March 7, 2022, will vote on this resolution.
Bombardier contributed $5.7B to Canada’s GDP and supported 33,276 full-time jobs in 2021, as highlighted in a PwC Canada report. The company spent $1.9B on goods and services from suppliers across Canada, with a notable presence in Québec and Ontario. Between 2022-2025, Bombardier is expected to contribute $25.2B to GDP and create over 150,485 job-years. The company is also seeking 1,000 skilled positions globally while investing $150M annually in R&D.
Bombardier has redeemed $200 million of its 7.500% Senior Notes due 2024 and another $200 million of its 2025 Notes. This action reflects the company's commitment to debt reduction and is part of its strategic priorities. The redemptions were executed through the Depository Trust Company, utilizing cash from Bombardier's balance sheet. CFO Bart Demosky highlighted the strong liquidity position at the end of the previous year, which supports the company’s operations and future objectives outlined during the recent Investor Day.
Bombardier expresses deep concern regarding the humanitarian crisis in Ukraine, suspending all activities with Russian clients and adhering to international sanctions. The company, alongside the J. Armand Bombardier Foundation, has pledged $150,000 to the Canadian Red Cross to support humanitarian efforts. Bombardier emphasizes its commitment to uphold its values and contribute positively amid this crisis, reinforcing its people-centric approach.
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