Welcome to our dedicated page for Bombardier B news (Ticker: BDRBF), a resource for investors and traders seeking the latest updates and insights on Bombardier B stock.
Bombardier Inc. (BDRBF) is an aircraft manufacturing company that focuses on business aviation, with Challenger and Global jets at the core of its portfolio. The company’s news flow reflects activities across aircraft development, manufacturing, services, defense programs and corporate finance. Readers of this page can follow how Bombardier describes the evolution of its products, facilities and capital structure over time.
Recent announcements from Bombardier have covered topics such as the certification and entry into service of the Global 8000 ultra‑long‑range business jet, which the company highlights for its speed, range and cabin characteristics. Other news has detailed investments in manufacturing infrastructure, including a new manufacturing centre in Dorval and the Global Aircraft Assembly Centre in the Greater Toronto Area, as well as service network expansion with a major facility under construction at Al Bateen Executive Airport in Abu Dhabi.
Bombardier’s communications also include updates on government and defense‑related contracts, such as the purchase of Global 6500 aircraft by the Government of Canada for multi‑mission air transport and the use of Global 6000 platforms in the PEGASUS airborne signals intelligence program in Germany. Financial and capital markets news has highlighted debt redemptions, deleveraging progress and credit rating changes from agencies like Moody’s and S&P.
On this BDRBF news page, investors and aviation observers can review company press releases related to aircraft programs, service initiatives, defense collaborations, sustainability disclosures and financing activities. The feed offers a consolidated view of how Bombardier presents its strategy and operations across business jets, services and defense applications.
Bombardier has launched the Global 8000, the fastest and longest-range business jet, featuring a top speed of Mach 0.94 and a range of 8,000 nautical miles. The aircraft boasts superior passenger comfort with the industry's lowest cabin altitude and advanced filtration systems. Current Global 7500 operators can retrofit to upgrade performance. Scheduled for service entry in 2025, the Global 8000 enhances Bombardier's position in business aviation, continuing to leverage technology from its predecessor while introducing innovative design elements for an unparalleled flying experience.
Bombardier has published an Environmental Product Declaration (EPD) for its Challenger 3500, marking it as the first super mid-size business jet to achieve this milestone. This follows the Global 7500's EPD, underscoring Bombardier's commitment to sustainability. The EPD details a comprehensive lifecycle environmental footprint, having assessed over 40,000 aircraft parts. New cabin features reduce environmental impact, while the aircraft promotes carbon neutrality and uses sustainable aviation fuel. Recognized with a Red Dot award, the Challenger 3500 merges luxury and cutting-edge technology.
Bombardier is set to host a live and virtual event at the European Business Aviation Convention and Exhibition (EBACE) on May 23, 2022. The event, led by Éric Martel, President and CEO, will showcase Bombardier's innovation and leadership in aviation. Scheduled from 11:00 a.m. to 11:45 a.m. CET, the event will take place at Geneva Palexpo, Bombardier Booth Z117.
For those unable to attend, the event will be streamed live on LinkedIn, Facebook, and YouTube, emphasizing Bombardier's commitment to accessibility and engagement.
The Board of Directors of Bombardier has approved a 25-for-1 share consolidation for its Class A and B shares, subject to final approval from the TSX. The consolidation aims to reduce the total number of outstanding shares significantly, decreasing Class A shares from approximately 308 million to 12 million and Class B shares from over 2 billion to about 85 million. Additionally, Bombardier plans to renew its Normal Course Issuer Bid (NCIB), allowing for the purchase of up to 20 million Class B shares to mitigate dilution effects from employee share-based incentives.
Bombardier has successfully elected all 13 nominees from its management proxy circular during its annual shareholders' meeting on May 5, 2022. Key results include:
- Pierre Beaudoin received 97.47% votes in favor.
- Joanne Bissonnette achieved 98.55% support.
- Charles Bombardier earned 98.48% backing.
This decisive vote reflects strong shareholder confidence in Bombardier's leadership and strategic direction, essential for its role as a global aviation leader.
Bombardier reported strong first-quarter results for 2022, achieving revenues of $1.2 billion from 21 aircraft deliveries, supporting its guidance for over 120 deliveries this year. Adjusted EBITDA rose by 36% year-over-year to $167 million, aided by margin expansion and cost reduction. The backlog grew to $13.5 billion, reflecting a robust unit book-to-bill ratio of 2.5. Free cash flow improved significantly, reaching $173 million, driven by strong order intake. The company also made strides in debt reduction, redeeming $400 million in Senior Notes.
Bombardier has won the 2022 Mercuriades award for its innovative Smart Link Plus connected aircraft program, recognized in the Technological Innovation category. This advanced system enhances aircraft health monitoring by interpreting real-time data to alert maintenance crews, significantly reducing downtime. Currently, over 97% of Global 7500 operators use the service. Bombardier aims to expand the program with predictive analytics in collaboration with Scale AI, further enhancing operational efficiency and reducing unscheduled maintenance.
Bombardier will release its Q1 2022 financial results on May 5, 2022, at 8:00 a.m. EDT. A conference call for investors and analysts will follow to discuss the results. Media will have a separate session at 9:30 a.m. EDT. The Annual and Special Meeting of Shareholders will take place the same day at 10:30 a.m. EDT. Shareholders can participate via a live webcast. Bombardier is recognized for its innovative business jets and operates globally with a fleet of approximately 5,000 aircraft.
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.
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