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 announced the commencement of manufacturing for key components of the first Global 8000 production aircraft at its facilities in Saint-Laurent, Red Oak, and Querétaro. Set to enter service in the second half of 2025, the Global 8000 will be the world's fastest and longest-range purpose-built business jet, with an industry-leading top speed of Mach 0.94 and a range of 8,000 nautical miles.
The aircraft features four living spaces, a separate crew rest area, and advancements in passenger comfort, including a Principal Suite with a full-size bed and stand-up shower. It also boasts revolutionary cabin features like entertainment control, connectivity, and Bombardier's l'Opéra directional audio sound system. Flight testing is progressing positively, and an upgrade option is available for existing Global 7500 aircraft owners.
Bombardier is set to showcase its industry leadership at NBAA-BACE 2024 in Las Vegas from October 22-24. The company will highlight its innovation, safety, sustainability, and excellence in business aviation. A key highlight of the event will be the presentation of NBAA's Meritorious Service to Aviation Award to Laurent Beaudoin, Chairman Emeritus, and Pierre Beaudoin, Chairman of the Board of Directors, during the opening keynote on October 22.
Bombardier will display its acclaimed Global 7500, Global 6500, and Challenger 3500 aircraft, along with a Challenger 300 Certified Pre-Owned (CPO) aircraft. The company's Services team will present its comprehensive services offering and support infrastructure. Bombardier will also host a press conference on October 21 at 9:20 AM to share the latest news, product updates, and program information.
Bombardier (TSX: BBD.B) has announced that it will release its financial results for the third quarter of 2024 on November 7, 2024. The company will hold a live presentation of the results, followed by a Q&A session with analysts. Éric Martel, President and CEO, and Bart Demosky, Executive VP and CFO, will lead the presentation.
The event is scheduled for 8:00 a.m. ET on November 7, 2024. Interested parties can access the presentation through a live webcast available on Bombardier's website, which will include relevant financial charts in both English and French. Alternatively, participants can join via telephone, with lines opening 15 minutes before the start time. Local dial-in numbers are provided for Montréal and Toronto, with separate conference IDs for English and French presentations.
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.
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