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Bombardier Inc. (BDRAF)

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0.9700+0.0320 (+3.41%)
As of 10:13AM EDT. Market open.
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Neutralpattern detected
Previous Close0.9380
Open0.9902
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.9501 - 0.9902
52 Week Range0.2800 - 0.9902
Volume24,640
Avg. Volume38,756
Market Cap1.918B
Beta (5Y Monthly)3.10
PE Ratio (TTM)N/A
EPS (TTM)-0.3700
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateDec 10, 2014
1y Target EstN/A
  • Bombardier Celebrates Completion of 100th Global 7500 Business Jet Wing Manufactured in Texas
    GlobeNewswire

    Bombardier Celebrates Completion of 100th Global 7500 Business Jet Wing Manufactured in Texas

    Global 7500 100th wing Bombardier celebrates the 100th manufacture of the Global 7500 wing in Red Oak, Texas. Milestone shines light on Global 7500 aircraft production growth and continued development of industry flagship business jet programAdvanced wing on Global 7500 aircraft, made in the U.S., delivers optimum speed, range, short-field capabilities and an exceptionally smooth rideBombardier recently marked the 50th delivery of the Global 7500 business jet, which continues to receive strong interest from customers worldwide MONTREAL, April 12, 2021 (GLOBE NEWSWIRE) -- Bombardier announced today that it is celebrating the completion of the 100th wing for its Global 7500 business jet, a significant milestone for the industry-leading aircraft and for the company’s facility in Red Oak, Texas, where the advanced wing is manufactured. The advanced wing on the Global 7500 aircraft celebrates Bombardier ingenuity and know-how and contributes to the aircraft’s outstanding performance and exceptionally smooth ride, delivering the ultimate flying experience in business aviation today. It also plays a significant role in the aircraft’s exceptional short-field capabilities. The Global 7500 program recently marked its 50th aircraft delivery and continues to garner significant interest from customers worldwide for its innovative technology, unique cabin design and unmatched performance. “This is an important milestone for our Global 7500 program, and we are proud of our skilled team in Red Oak, Texas,” said Paul Sislian, Executive Vice President, Operations and Operational Excellence, Bombardier. “Their dedication and expertise in manufacturing this truly unique wing, built exclusively for the Global 7500 business jet, is what helps make it the industry flagship.” Since its entry-into-service in 2018, the Global 7500 business jet has demonstrated an outstanding dispatch reliability rate of 99.7% and has proven to be the highest-performing aircraft in the industry. It completed various key speed records and challenging flights, including the longest city-pair flown by a purpose-built business aircraft, connecting Sydney and Detroit non-stop. The aircraft has also received multiple accolades, including the 2019 Aviation Week Grand Laureate Award, the 2019 Robb Report Best of the Best Business Jet of the Year Award, and the 2018 Red Dot Award for Product Design. With four distinct living spaces plus a dedicated crew rest area, it is unique among business jets in spaciousness, comfort, highly personalized design flexibility, and patented cabin innovations. Bombardier’s 600-plus employees in Red Oak play a critical role in ensuring the success of the technologically advanced wing program. In 2019, Bombardier established the Bombardier Aviation Apprenticeship Program (BAAP) in association with Texas State Technical College (TSTC). The initiative is designed to develop local talent, drive regional aerospace growth, and support the manufacture of the Global 7500 aircraft wing. The BAAP program is critical in keeping up with increased customer demand for the industry-defining aircraft. Earlier this year, Bombardier was awarded the Large Employer of the Year award from Texas Workforce Solutions for its work with TSTC in the development of the BAAP initiative. The Large Employer of the Year award honours one private-sector employer with 500 employees or more whose efforts and initiatives resulted in an extraordinary impact on the state of Texas, as well as the employers, workers and community in which the employer operates. About BombardierBombardier is a global leader in aviation, creating innovative and game-changing planes. Our products and services provide world-class experiences that set new standards in passenger comfort, energy efficiency, reliability and safety. Headquartered in Montréal, Canada, Bombardier is present in more than 12 countries including its production/engineering sites and its customer support network. The Corporation supports a worldwide fleet of approximately 4,900 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. News and information is available at bombardier.com or follow us on Twitter @Bombardier. Notes to EditorsVisit the Bombardier Business Aircraft website for more information on our industry-leading products and services. Follow @Bombardierjets on Twitter to receive the latest news and updates from Bombardier. Bombardier, Global and Global 7500 are registered trademarks of Bombardier Inc. or its subsidiaries. For InformationMatthew NichollsBombardier+ 1 514-243-8214matthew.nicholls@aero.bombardier.com A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/23d2778f-ce6e-409e-81cb-48da5aa16594

  • Bombardier Confirms VistaJet as Customer for Previously Disclosed Order for 10 Challenger 350 Aircraft
    GlobeNewswire

    Bombardier Confirms VistaJet as Customer for Previously Disclosed Order for 10 Challenger 350 Aircraft

    Bombardier Challenger 350 Challenger 350 business jet VistaJet announcement also reveals that the worldwide operator has taken delivery of its first two Global 7500 aircraftBombardier’s refreshed portfolio of business jets, including the flagship Global family and the best-selling Challenger platform, is well-positioned to meet growing interest in private aviation MONTREAL, April 06, 2021 (GLOBE NEWSWIRE) -- Bombardier is pleased to confirm that worldwide fleet operator VistaJet is the customer for a previously disclosed firm order for 10 Challenger 350 business jets. Bombardier announced the sale involving its best-selling Challenger platform on December 23. It was one of the largest biggest jet orders of 2020. VistaJet, a longtime Bombardier customer, has also taken delivery of its first two Global 7500 business jets. The flagship Global 7500 business jet elevates the passenger experience with the smoothest ride and a true four-zone cabin designed to be a home and office in the skies. Bombardier recently celebrated the milestone 50th delivery of this unparalleled aircraft, which has the longest range among business jets. Leading global business aviation company VistaJet said in a press release issued today that its firm order for 10 Challenger 350 business jets is in response to “a growing and urgent demand” in the super midsize segment. The best-selling Bombardier Challenger 350 aircraft represents the total package of performance and cabin experience. It is the ideal business jet to respond to a growing interest in private aviation amid a worldwide pandemic. Éric Martel, President and Chief Executive Officer, Bombardier, said: "We are extremely proud of our long-standing partnership with VistaJet and are thrilled that they have again chosen Bombardier aircraft to support their fleet expansion plans. With unmatched performance and comfort, the Global 7500 and Challenger 350 are the perfect aircraft to support VistaJet’s rapid growth as more people turn to business aviation and the enhanced safety and reliability it provides.” Thomas Flohr, Founder and Chairman, VistaJet, said: “It is an incredibly exciting time as VistaJet transforms the architecture of how companies and individuals fly. We continue to see rapid acceleration in new Members, which is driven by corporate and executive demand for our business mobility offerings. Global private aviation networks will be even more vital to support businesses and the economy. The expansion of our worldwide fleet will guarantee our customers full confidence in a consistent flying experience anywhere in the world — offering the best value in the industry through our unique asset-light flight solutions. We remain committed to providing critical support to businesses in this new world — we kept our business steady during 2020 and we are already seeing much increased demand for VistaJet’s asset-free solutions in 2021 and beyond.” About Bombardier Bombardier is a global leader in aviation, creating innovative and game-changing planes. Our products and services provide world-class experiences that set new standards in passenger comfort, energy efficiency, reliability and safety. Headquartered in Montréal, Canada, Bombardier is present in more than 12 countries including its production/engineering sites and its customer support network. The Corporation supports a worldwide fleet of approximately 4,900 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. News and information is available at bombardier.com or follow us on Twitter @Bombardier. Notes to EditorsVisit the Bombardier Business Aircraft website for more information on our industry-leading products and services. Follow @Bombardierjets on Twitter to receive the latest news and updates from Bombardier Aviation. To receive our press releases, please visit the RSS Feed section. Bombardier, Challenger, Challenger 350, Global and Global 7500 are registered or unregistered trademark of Bombardier Inc. or its affiliates. For InformationLouise SolomitaBombardierLouise.Solomita@aero.bombardier.com+ 1 514-855-5001, ext. 25148 A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3bc72e21-c0b4-428a-881b-8bc1a26dd912

  • Bombardier Announces Expiration of Early Tender Date and Amendments for its Cash Tender Offer for Certain Outstanding Senior Notes
    GlobeNewswire

    Bombardier Announces Expiration of Early Tender Date and Amendments for its Cash Tender Offer for Certain Outstanding Senior Notes

    MONTREAL, April 05, 2021 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier” or the “Corporation”) today announced certain matters with respect to its cash tender offer previously announced on March 22, 2021 (the “Tender Offer”) to purchase for cash up to US$1,100,000,000 aggregate purchase price (exclusive of Accrued Interest) (as such aggregate purchase price may be increased or decreased by the Corporation, the “Aggregate Maximum Purchase Amount”) of three series of its outstanding senior notes (collectively, “Notes”) due 2021, 2022 and 2023 as identified in the Offer to Purchase (as defined below), subject to the Acceptance Priority Levels and the 2023 Tender Cap (as such 2023 Tender Cap may be increased or decreased by the Corporation), as applicable, and possible proration, as set forth in the Offer to Purchase containing the terms and conditions of the Tender Offer, subject to amendment as announced hereby. Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Offer to Purchase dated March 22, 2021 (as amended hereby, the “Offer to Purchase”) with respect to the Tender Offer. The Tender Offer and the Offer to Purchase are hereby amended as follows: The Aggregate Maximum Purchase Amount is amended to increase it to US$1,571,000,000 so that Bombardier may purchase on the Early Settlement Date or Final Settlement Date, as applicable, up to US$1,571,000,000 in aggregate purchase price (exclusive of Accrued Interest) and subject to the Acceptance Priority Levels, 2023 Tender Cap and possible proration as set forth in the Offer to Purchase.The 2023 Tender Cap is amended to decrease it to US$235,125,000 so that Bombardier may purchase on the Early Settlement Date or Final Settlement Date, as applicable, up to US$235,125,000 in aggregate purchase price (exclusive of Accrued Interest) of 2023 Notes, subject to the Aggregate Maximum Purchase Amount, the Acceptance Priority Levels and possible proration as set forth in the Offer to Purchase. As of the Early Tender Date for the Tender Offer, US$955,552,000 aggregate principal amount of the 2021 Notes (93.91%) were validly tendered and not validly withdrawn, US$315,754,000 aggregate principal amount of the 2022 Notes (63.15%) were validly tendered and not validly withdrawn and US$332,389,000 aggregate principal amount of the 2023 Notes (26.59%) were validly tendered and not validly withdrawn. As a result of the amendments set forth herein, (i) all 2021 Notes and 2022 Notes that were validly tendered and not validly withdrawn at or before the Early Tender Date will be accepted for purchase by Bombardier on the Early Settlement Date, and (ii) 2023 Notes that were validly tendered and not validly withdrawn at or prior to the Early Tender Date will be accepted for purchase by Bombardier on the Early Settlement Date, subject to proration as set forth in the Offer to Purchase, such that the aggregate purchase price (exclusive of Accrued Interest) of 2023 Notes will be US$235,125,000. Any Notes that have been validly tendered at or before the Early Tender Date, not validly withdrawn and accepted for purchase by the Corporation, subject to the Acceptance Priority Level, the Aggregate Maximum Purchase Amount the 2023 Tender Cap and possible proration, will be settled on the Early Settlement Date in accordance with the terms of the Tender Offer as set forth in the Offer to Purchase, as amended hereby. Bombardier expects such Early Settlement Date to be April 6, 2021. On the Early Settlement Date, the aggregate total purchase price payable under the Offer to Purchase (as amended hereby) for Notes validly tendered and not validly withdrawn at or prior to the Early Tender Date and accepted for purchase will have reached the 2023 Tender Cap (as amended hereby) with respect to the 2023 Notes and will be within US$786,032.24 of reaching the Aggregate Maximum Purchase Amount (as amended hereby) for all Notes. As a result of the amounts of Notes accepted for purchase on the Early Settlement Date, no 2023 Notes tendered after the Early Tender Date and only a limited amount of 2021 Notes or 2022 Notes tendered after the Early Tender Date will under the terms of the Offer to Purchase (as amended hereby) be accepted for payment unless, in the Corporation’s sole and absolute discretion, the terms of the Tender Offer are further amended or waived by the Corporation to permit further purchases of Notes. There can be no assurance that the Corporation will further amend or waive any terms of the Tender Offer to accept any 2023 Notes tendered after the Early Tender Date, or will increase the Aggregate Maximum Purchase Amount or amend the Tender Offer in any other respect. Except as expressly set forth herein, the terms and conditions with respect to the Tender Offer are as set forth in the Offer to Purchase, subject to the Corporation’s right to further waive, amend or terminate any provisions of the Tender Offer, in the Corporation’s sole and absolute discretion. The obligation of the Corporation to accept for purchase, and to pay for, Notes validly tendered pursuant to the Tender Offer is subject to, and conditioned upon, the satisfaction or waiver of certain conditions as set forth in the Offer to Purchase, in the sole and absolute discretion of the Corporation. None of Bombardier, the trustees for the Notes, the agents under the respective indentures for the Notes, the dealer managers, the information and tender agent, any of their respective subsidiaries or affiliates or any of its or their respective directors, officers, employees or representatives makes any recommendation to Holders as to whether or not to tender all or any portion of their Notes, and none of the foregoing has authorized any person to make any such recommendation. Holders must decide whether to tender Notes, and if tendering, the amount of Notes to tender. All of the Notes are held in book-entry form. If you hold Notes through a broker, dealer, commercial bank, trust company or other nominee, you must contact such broker, dealer, commercial bank, trust company or other nominee if you wish to tender Notes pursuant to the Tender Offer. You should check with such broker, dealer, commercial bank, trust company or other nominee to determine whether they will charge you a fee for tendering Notes on your behalf. You should also confirm with the broker, dealer, bank, trust company or other nominee any deadlines by which you must provide your tender instructions, because the relevant deadline set by such nominee may be earlier than the deadlines set forth in the Offer to Purchase. Bombardier has retained BofA Securities, Inc. and Morgan Stanley & Co. LLC to serve as dealer managers for the Tender Offer. Bombardier has retained Global Bondholder Services Corporation to act as the information and tender agent in respect of the Tender Offer. For additional information regarding the terms of the Tender Offer, please contact BofA Securities, Inc. at (980) 388-3646 or debt_advisory@bofa.com, or Morgan Stanley & Co. LLC at (212) 761-1057 or toll free at (800) 624-1808. Copies of the Offer to Purchase may be obtained at www.gbsc-usa.com/bombardier/ or by contacting Global Bondholder Services Corporation at (866) 807 2200 or by email at contact@gbsc-usa.com. This notice does not constitute or form part of any offer or invitation to purchase, or any solicitation of any offer to sell, the Notes or any other securities in the United States or any other jurisdiction, and neither this notice nor any part of it, nor the fact of its release, shall form the basis of, or be relied on or in connection with, any contract therefor. The Tender Offer is made only by and pursuant to the terms and conditions of the Offer to Purchase and the information in this notice is qualified by reference to the Offer to Purchase. None of the Corporation, the dealer managers or the information and tender agent makes any recommendations as to whether Holders should tender their Notes pursuant to the Tender Offer. This announcement does not constitute an offer to buy or the solicitation of an offer to sell any securities in any jurisdiction or in any circumstances in which such offer or solicitation is unlawful. In those jurisdictions where the securities, blue sky or other laws require the Tender Offer to be made by a licensed broker or dealer, the Tender Offer will be deemed to be made by the dealer managers or one or more registered brokers or dealers licensed under the laws of such jurisdiction. Certain statements in this announcement are forward-looking statements based on current expectations. By their nature, forward‑looking statements require us to make assumptions and are subject to important known and unknown risks and uncertainties, which may cause our actual results in future periods to differ materially from those set forth in the forward-looking statements. For additional information regarding these risks and uncertainties, and the assumptions underlying the forward‑looking statements, please refer to the Offer to Purchase. For information Francis Richer de La FlècheVice President, Financial Planning and Investor RelationsBombardier+514 855 5001 x13228Anna CristofaroManager, Communications Bombardier +514 855 8678