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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 renewed its International Standard for Business Aircraft Operations (IS-BAO) Stage 3 certification, demonstrating a sustained commitment to safety. First achieved in 2018, this recognition marks the second consecutive time the company has attained the highest safety designation from the International Business Aviation Council (IBAC). The certification reflects Bombardier's dedication to an effective Safety Management System (SMS) and its overall safety culture. The company conducts rigorous training and meetings to ensure compliance with safety protocols and enhance operational professionalism.
Bombardier hosted its virtual Investor Day, unveiling its 2025 financial targets and market outlook. The company anticipates a gradual recovery in business jet deliveries, projecting revenues of ~$7.5 billion and adjusted EBITDA of ~$1.5 billion by 2025. Key initiatives include enhancing aftermarket growth, improving productivity, and a significant focus on balance sheet deleveraging. Furthermore, Bombardier expects to achieve free cash flow of over $500 million by 2025, primarily through leveraging its Global 7500 aircraft's learning curve and diversifying revenue streams.
Aston Martin and Bombardier have agreed to collaborate on custom design services for Bombardier's business jets, enhancing the customer experience with luxury automotive design. This partnership aims to combine Bombardier's design leadership with Aston Martin's exceptional craftsmanship, offering unique aircraft interiors. Bombardier's recent portfolio refresh, including the award-winning Global and Challenger jets, highlights its commitment to passenger comfort and innovation. This collaboration opens new design possibilities, appealing to customers seeking bespoke luxury in aviation.
Bombardier's Challenger 350 aircraft was the top medium category business jet in 2020, marking its seventh consecutive year as a category leader. The company delivered 44 aircraft in Q4 2020, spurred by a record 16 Global 7500 deliveries. In a significant order, Bombardier secured 10 Challenger 350 jets worth $267 million, celebrating its 350th delivery. The Challenger 350 features upgraded designs and high-speed connectivity, while the Challenger 650 remains integral for specialized missions, including medevac.
Bombardier reported a limited cybersecurity breach on February 23, 2021, due to a vulnerability in a third-party file-transfer application. An unauthorized party accessed sensitive data affecting approximately 130 employees in Costa Rica.
Bombardier's security measures helped contain the incident, and they are collaborating with cybersecurity experts and authorities to investigate further. The breach was not targeted specifically at Bombardier, and key operations remain unaffected. The company is actively notifying impacted stakeholders and remains committed to securing its IT infrastructure.
Bombardier announced on February 17, 2021, the initiation of repayment for the total outstanding balance of $750 million drawn from its $1 billion senior secured term loan facility. This facility was established on August 19, 2020, and the repayment, which includes all accrued interest and associated fees, is set to be completed by February 19, 2021. This move underscores Bombardier's commitment to managing its debt effectively.
In 2020, Bombardier reported revenues of $5.6 billion from Business Aircraft, a 3% year-over-year increase due to the ramp-up of Global 7500 deliveries, with a record 16 aircraft delivered in Q4. Adjusted EBITDA reached $200 million while reported EBIT was $912 million, reflecting gains from asset disposals. The company projects improved performance in 2021, targeting revenues growth and an adjusted EBITDA exceeding $500 million.
Additionally, Bombardier plans a significant cost savings initiative aiming for $400 million annually by 2023, including workforce reductions and ending Learjet production.
Bombardier is set to announce its financial results for Q4 and FY 2020 on February 11, 2021. Investors and analysts can join a webcast at 8:00 a.m. EST for a detailed review of these results. The conference call can be accessed via multiple phone numbers, including toll-free options for North America. The company aims to showcase financial performance and address questions from stakeholders. Bombardier remains a leader in aviation, providing innovative aircraft globally, and supports a fleet of approximately 4,900 aircraft.
Bombardier has partnered with StandardAero to enhance maintenance services for Learjet and Challenger aircraft in Europe. This agreement will enable expanded overhaul capabilities at Biggin Hill and Berlin service centers. Customers will benefit from all-inclusive pricing and streamlined maintenance, reducing downtime and costs by bundling services. The collaboration aims to deliver superior service support, leveraging expertise from both companies for a comprehensive maintenance experience, which includes engine, APU, and airframe services.
Bombardier is set to release its financial results for the fourth quarter and full year ending December 31, 2020, on February 11, 2021. A conference call will occur at 8:00 a.m. EST, where the results will be discussed. Investors can access a live webcast on Bombardier's website, as well as participate via phone. The corporation is a leader in aviation with a global footprint, supporting a fleet of approximately 4,900 aircraft.