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Bombardier Inc. T.BBD.A

Alternate Symbol(s):  BDRPF | T.BBD.PR.B | BDRXF | T.BBD.PR.C | T.BBD.PR.D | BOMBF | BDRAF | T.BBD.B | BDRBF

Bombardier Inc. is a Canada-based manufacturer of business aircraft with a global network of service centers. The Company is focused on designing, manufacturing and servicing business jets. The Company has a worldwide fleet of more than 5,000 aircraft in service with a variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. It operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. Its robust customer support network services the Learjet, Challenger and Global families of aircraft, and includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Austria, the United Arab Emirates, Singapore, China and Australia. The Company's jets include Challenger 350, Challenger 3500, Challenger 650, Global 5500, Global 6500, Global 7500 and Global 8000.


TSX:BBD.A - Post by User

Post by Tempo1on Jan 14, 2024 3:09pm
471 Views
Post# 35826083

Confirmation for 138 deliveries from Aviation Week

Confirmation for 138 deliveries from Aviation WeekFrom CIBC Aerospace weekly

BBD Hits Q4 Delivery Target --

Transportation & Aerospace Weekly

Key Points


Aviation Week published global new business aircraft deliveries for
December 2023. Our key takeaways are:

• BBD delivered 39 aircraft in December and 56 in the fourth quarter,
bringing its annual total to 138. This is exactly equal to BBD’s annual
target and in line with our expectations. BBD delivered 49 planes in
Q4/22. BBD’s fourth quarter 2023 deliveries consisted of 20 Challenger
3500, four Global 5500, nine Global 6500, 17 Global 7500, and six
Challenger 650.

• With BBD hitting its annual delivery target, this alleviates concerns
around the risk of hitting its full-year target given how back-end loaded
deliveries would be and the ongoing supply chain issues impacting the
aerospace industry. BBD’s ability to meet its 2023 revenue, EBITDA and
FCF guidance has been significantly de-risked. On this last point,
reaching its delivery target is a key driver of unwinding working capital
and putting it in a position to generate ~$640MM of FCF in Q4 and to
achieve its full-year guidance of more than $250MM. In addition, BBD
did announce 12 Challenger 3500 orders on December 22, which puts it
in a strong position to deliver a book-to-bill of ~1x when it reports Q4
results.

• In terms of total Q4 deliveries, global business jet deliveries totaled 154
units in December versus 158 aircraft in December 2022. For the fourth
quarter, total deliveries were 262 units versus 250 the year prior.
Amongst the business jet manufacturers, BBD led the way with 56
deliveries followed by Embraer and Textron – both of which delivered 50
units. Gulfstream delivered 29 aircraft in Q4
.


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