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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Bombardier, Inc.    BBD.B   CA0977512007

BOMBARDIER, INC.

(BBD.B)
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Bombardier : Welcomes First Global 6500 Aircraft into its State-of-the-art Completion Facility in Montreal

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05/22/2019 | 05:15am EDT

Bombardier is pleased to announce that the first Global 6500 aircraft was inducted in its state-of-the-art completion centre in Montreal moving the new addition to the Global family closer to entry-into-service later this year.

As the Global 6500 jet progresses towards entry-into-service, we couldnt be happier to welcome the first production aircraft in our state-of-the-art facilities in Montreal, where high-precision completion work is being carried out on the new business jet, said Julien Boudreault, Vice President, Program Management, Bombardier Aviation. With the longest range, largest cabin in its class and smoothest ride, the Global 6500 boasts an innovative interior design and enhanced performance, offering the convenience and state-of-the-art technology our customers have come to expect from the Global family.

Flight testing is progressing well, with 90 per cent of flight testing completed at Bombardiers world-class test centre in Wichita, Kansas. The first flight test vehicle (FTV) has successfully completed all mission testing and is now retired. The Rolls-Royce Pearl 15 engine, the most advanced in business aviation, is delivering on the unmatched total performance expected and FTV2 and FTV3 are performing exceptionally well throughout the rigorous flight testing program.

The purpose-built Rolls-Royce Pearl 15 engines and a new wing make the Global 6500 aircraft faster and more efficient. The Global 6500 aircraft boast optimal operating costs that outmatch all other aircraft in their class, along with the built-in systems redundancy and robustness for which Bombardier Global aircraft are renowned.

Taking total performance to new heights, the Global 6500 aircraft delivers a range increase of up to 1,300 nautical miles when operating out of hot weather and high-altitude conditions, thanks to increased engine thrust and improved overall fuel efficiency. With a top speed of Mach .90, the Global 6500 aircraft can connect Hong Kong or Singapore to London and Toluca to Madrid non-stop. The re-imagined wing brings flexibility and redefined aerodynamics to ensure a smooth ride from takeoff to landing.

The Global 6500 aircraft offers a stunning redesigned cabin with exclusive features that are as innovative as they are luxurious. The Global 6500 business jet also debuts the Nuage chaise, a unique seating innovation, which adds new dimensions to the conference suite as a lounge chair that converts into a flat surface for sleeping or banquet-style dining around the table. Bombardier's patented Nuage seat, meticulously designed for maximum comfort, is also exclusive to the new Global aircraft family. With its distinctive technologies engineered for maximum comfort and effortless movement, the Nuage seating is ideally suited for long-range flights.

(c) 2019 All Rights Reversed for Saudi Press Agency Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2019 16 965 M
EBIT 2019 1 016 M
Net income 2019 147 M
Debt 2019 5 502 M
Yield 2019 0,06%
P/E ratio 2019 23,79
P/E ratio 2020 10,56
EV / Sales 2019 0,55x
EV / Sales 2020 0,46x
Capitalization 3 828 M
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 2,84 $
Spread / Average Target 82%
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Managers
NameTitle
Alain M. Bellemare President, Chief Executive Officer & Director
Pierre Beaudoin Executive Chairman
John Di Bert Chief Financial Officer & Senior Vice President
François Caza Chief Engineer & VP-Product Development-Aerospace
Ernest Jeffrey Hutchinson Chief Information Officer
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