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

Industrials Aerospace & Defense

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.

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Bombardier Inc. > RBC: Big week for Bombardier at NBAA

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Post by Tempo1on Oct 25, 2024 3:34pm

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Post# 36282606

RBC: Big week for Bombardier at NBAA

What happened? NBAA-BACE wrapped up this week, with the event hosting a series of major announcements, awards and displays, including:

• Bombardier announced that the manufacturing of major structural components for the first Global 8000 had begun.
• Lufthansa Technik Defense and Bombardier Defense announced that the PEGASUS aircraft has completed its first flight out of Bombardier's facility in Wichita, Kansas.
• Wheels Up announced a $300 million fleet modernization with acquisitions of Bombardier Challenger 300/350 jets.
• At NBAA, Laurent Beaudoin, Chairman Emeritus of Bombardier, and Pierre Beaudoin, Chairman of the Board of Directors of Bombardier, received the "Meritorious Service to Aviation Award" recognizing their leadership and significant contribution to the advancement of the business aviation industry.
• At NBAA, Bombardier displayed its prototype small-scale demonstrator aircraft, the EcoJet, w

Sentiment: Positive

Our view. This week marked a series of key announcements that were released during NBAA. We view the announcement that Global 8000 production has kicked off as a key positive, reflecting the company's ability to produce an industry-leading derivative aircraft off its already top-tier Global 7500 aircraft. In our view, leading the business jet market in performance and range will continue to support demand and allow the company to reach its 2025 and long-term targets. In Defense, Bombardier announced that the PEGASUS aircraft had completed its first flight out of the company's facility in Wichita, Kansas. Key is the successful test represents a milestone for the first of three modified Global 6000 aircraft to be delivered to the German Air Force. We grow increasingly confident in the company's ability to grow the defense segment post-2025, and see further tailwinds from the global platform due to its applicability for mission use supported by higher defence spending by NATO countries. Finally, we see the adoption of Challenger 300/350 jets by Wheels Up as a testament to the super-midsize platform and as a tailwind for Services and CPO growth post-2025, given the higher utilization rates of fleet operators (see our note here).