BOMBARDIER INC B - BDRBF STOCK NEWS

Bombardier Defense has inaugurated a new office in Adelaide, Australia, enhancing its presence in the Asia-Pacific region. This expansion aims to better serve special mission customers in Australia, leveraging Bombardier's reputable Challenger and Global aircraft families for various mission types, including civilian, military, and hybrid. Steve Patrick, Vice President of Bombardier Defense, highlighted that the new office is part of a broader strategy to provide additional support and resources. This new Adelaide office complements the Melbourne Service Centre, which opened in September 2022, and underscores Bombardier's extensive experience and strong presence in the special mission aircraft sector, including a fleet of Medevac and Search & Rescue aircraft in Australia.

Bombardier inaugurated the new Aviator Lounge in Monaco, providing a state-of-the-art space to showcase their aircraft, innovations, and commitment to sustainability. The Lounge, designed by Andrea Mosca, is the first of its kind by a jet manufacturer, offering guests a glimpse into Bombardier's 80-year legacy. The company's strong presence in Europe is further solidified with this new space, located at the Monaco Yacht Club.

Bombardier recently announced its participation in two upcoming investor conferences in May 2024, namely the Royal Bank of Canada Capital Markets Canadian Industrials Conference in Toronto and the Bank of America Securities Transportation, Airline, & Industrials Conference in New York. The company's senior executives will be present to engage with investors and address queries. Additionally, Bombardier held its Investor Day event on May 1st, 2024, with the presentation and webcast now available on the company's Investors Web page.

Bombardier, the global aerospace and transportation company, received an upgrade in its credit rating to B1 by Moody's, reflecting the company's solid performance and turnaround efforts. The upgrade signifies a stable outlook and highlights Bombardier's commitment to improving key financial metrics. The company's focus on diversifying revenue streams, enhancing margins, and generating cash flow through growth in Services and Bombardier Defense sectors is seen as a positive move.

Bombardier revealed that NetJets placed a firm order for 12 Challenger 3500 aircraft valued at $326.4 million, potentially rising to over $6 billion if all options are exercised. This underlines the strong relationship between the companies and the appeal of the Challenger 3500 in the super midsize category. Delivery of the jets is set to start in the second half of 2025.

Bombardier confirms that its 2025 objectives are on track and plans to detail growth strategies through 2030 during Investor Day 2024. The company highlights a strong performance, focusing on revenue growth, adjusted EBITDA, and diversified revenue streams. Bombardier's leadership aims to create shareholder value by focusing on resilience, growth, and strategic capital deployment.

Bombardier announces the election of its Board of Directors during its annual general meeting of shareholders. Detailed results show all 13 candidates proposed by management were elected as directors. Key figures include Pierre Beaudoin receiving 97.46% of votes for and Joanne Bissonnette with 98.68% of votes for.

Bombardier Inc. reported a strong first quarter in 2024 with significant backlog growth, expanded margins, and increased service revenues. Revenues of $1.3 billion, adjusted EBITDA of $205 million, adjusted EBITDA margin of 16%, and positive adjusted EPS of $0.36 reflect the company's robust performance. The unit order intake increased by 60% year-over-year, leading to a backlog of $14.9 billion. Debt reduction efforts, including a $100 million debt redemption, contribute to the company's favorable positioning for future growth. Bombardier's new Aircraft Assembly Centre in Toronto will host the 2024 Investor Day, showcasing the company's commitment to innovation and sustainability.

Bombardier unveils a new brand identity worldwide, reflecting its focus on business aviation. The new logo, inspired by innovation and heritage, symbolizes the company's shift towards designing, building, and servicing the world's best business jets. The rebranding emphasizes Bombardier's talented workforce, passion for craftsmanship, and technological expertise. The company's commitment to customer experience, precision engineering, and sustainability is highlighted through its new brand identity.