05:12:12 EDT Sun 19 May 2024
Enter Symbol
or Name
USA
CA



Bombardier Inc (2)
Symbol BBD
Shares Issued 87,301,073
Close 2024-05-02 C$ 69.80
Market Cap C$ 6,093,614,895
Recent Sedar Documents

Bombardier boasts about Moody's rating bump to B1

2024-05-03 09:11 ET - News Release

Mr. Bart Demosky reports

STATEMENT FROM BART DEMOSKY, EXECUTIVE VICE PRESIDENT AND CFO, BOMBARDIER, ON MOODY'S RATINGS UPGRADE TO B1

Bart Demosky, executive vice-president and chief financial officer of Bombardier Inc., commented: "The entire Bombardier team is proud to celebrate Moody's rating upgrade announced yesterday. This most-recent upgrade places Bombardier at a B1 rating with a stable outlook and reflects the company's consistent performance to date throughout its turnaround. As we outlined in our 2024 investor day this week, we have a strong foundation upon which to keep improving key balance sheet metrics.

"Bombardier continues to build its resilience through growth pathways that thoughtfully diversify revenue streams, all while creating additional margin and cash upside. Dynamic businesses like services and Bombardier Defense not only add value to our company, but they do so by offering our customers unique and flexible solutions.

"We have created a lot of momentum that is well embodied in the launch of our new forward-looking brand identity. Over the past years, Bombardier team members across our various businesses have executed to plan to near perfection, intently focused on what we control. This approach continues to raise us to higher altitudes of performance on debt reduction, earnings and positive free cash flow generation."

About Bombardier Inc.

Bombardier designs, builds, modifies and maintains the world's best-performing aircraft for the world's most-discerning people, as well as businesses, governments and militaries. That means not simply exceeding standards, but understanding customers well enough to anticipate their unspoken needs.

For them, Bombardier is committed to pioneering the future of aviation -- innovating to make flying more reliable, efficient and sustainable. And the company is passionate about delivering unrivalled craftsmanship and care, giving its customers greater confidence and the elevated experience they deserve and expect -- because people who shape the world will always need the most productive and responsible ways to move through it.

Bombardier customers operate a fleet of approximately 5,000 aircraft, supported by a vast network of Bombardier team members worldwide and 10 service facilities across six countries. Bombardier's performance-leading jets are proudly manufactured in aerostructure, assembly and completion facilities in Canada, the United States and Mexico.

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