Ms. Christina McCraw reports

BOMBARDIER STATEMENT ON CANADIAN MULTI-MISSION AIRCRAFT

Today, Bombardier Inc. and GDMS-C employees, as well as Canadians, political and industry leaders, and suppliers, who have very vocally supported Canadian talent, are all equally disappointed that their Canadian government has decided to award a generational contract without an open and fair competition, and without fully evaluating its home-grown industry's multimission aircraft capabilities.

Despite multiple conversations with the government, where Bombardier requested an RFP (request for proposal) or a more detailed framework within which to present key facts and capabilities, no such follow-on opportunities were given to Bombardier, or its partners. No aerospace or third party experts subsequently evaluated the company's capabilities. Throughout, Bombardier remained resolute and came together to passionately advocate for a next-generation capability and an opportunity for its aerospace industry to shine -- the company is truly thankful for everyone's effort to that end.

The solution the company was ready to present would have been a game changer for the Canadian economy -- not only would it have created and sustained more than 22,000 full-time jobs, but it would have been a model as many countries around the world are looking at Bombardier's offering as the true future of multimission aircraft. Canada is in a unique position of having a manufacturing hub that is the envy of countries around the globe. There is still a bright future for maritime surveillance platforms that Bombardier is ready, willing and able to offer Canada, and the rest of world, which will be less expensive to acquire, less expensive to operate, saving approximately 30 per cent on operating costs, all while decreasing carbon emission by approximately 40 per cent -- in 2023 and beyond, the company cannot underestimate how important this is as a key differentiator.

All in all, the company and its partners can all be proud of the next-generation solution they were poised to deliver. They are confident that their product offering will be successful in multiple markets, setting a new standard for maritime patrol. Bombardier Defense has built a successful reputation as the most flexible partner for countries around the world and it looks forward to sharing more successes on this front.

About Bombardier Inc.

Bombardier is a global leader in aviation, focused on designing, manufacturing and servicing the world's most exceptional business jets. Bombardier's Challenger and Global aircraft families are renowned for their cutting-edge innovation, cabin design, performance and reliability. Bombardier has a worldwide fleet of approximately 5,000 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments, and private individuals. Bombardier aircraft is also trusted around the world in government and military special-mission roles leveraging Bombardier Defense's proven expertise.

Headquartered in greater Montreal in Quebec, Bombardier operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. The company's 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, Italy, Austria, the United Arab Emirates, Singapore, China and Australia.