Bombardier Inc.

Bombardier Inc.
Company typePublic
IndustryAerospace
Founded10 July 1942; 82 years ago (1942-07-10) in Valcourt, Quebec, Canada
FounderJoseph-Armand Bombardier
Headquarters
Montreal, Quebec
,
Canada
Area served
Worldwide
Key people
RevenueIncrease US$8.046 billion (2023)
Increase US$0.793 billion (2023)
Increase US$0.445 billion (2023)
Total assetsIncrease US$12.324 billion (2023)
Total equityPositive decrease US$(4.095) billion (2023)
Number of employees
18,100 (2023)
DivisionsBombardier Defense
Websitebombardier.com
Footnotes / references
Financials as of 31 December 2023.
References:[1]

Bombardier Inc. (French pronunciation: [bɔ̃baʁdje]) is a Canadian business jet manufacturer.[2] Headquartered in Montreal, the company was founded in 1942 by Joseph-Armand Bombardier to market his snowmobiles and became one of the world's biggest producers of aircraft and trains.[3]

In the 1970s and 1980s, the company diversified into public transport vehicles and commercial jets and became a multinational corporation. It grew particularly fast at the end of the 1980s when the turnover multiplied sixfold within six years. At that time it was North America's most important producer of railway vehicles, Canada's most important aerospace producer and the worldwide leading snowmobile manufacturer. The growth came mainly from buying failing government-owned companies at a low price and orchestrating a turnaround.[3]

However, the launch of the CSeries aircraft sent the company into deep debt, pushing it to the brink of bankruptcy by 2015. As a result, the company sold nearly all of its operations except business jet manufacturing.

Bombardier manufactures two families of corporate jets, the Global and Challenger. On May 18, 2021, the Global 7500/8000 series during testing became the first business jet to break the sound barrier and the fastest civil aircraft since the Concorde.[4]

With deliveries of 138 business jets in 2023, Bombardier was the number one manufacturer of business jets in the world.[5]

  1. ^ Cite error: The named reference 2023 Financial Report was invoked but never defined (see the help page).
  2. ^ "Bombardier | Aéronautique | Avions d'affaires | Contact". archive.wikiwix.com. Archived from the original on 2007-06-15. Retrieved 2023-03-29.
  3. ^ a b Farnsworth, Clyde H. (1991-12-28). "Company News; Bombardier Returns to Earth". The New York Times. Retrieved 2023-05-31.
  4. ^ "Global aircraft breaks the sound barrier". Bombardier. Retrieved 27 April 2024.
  5. ^ "Bombardier Shipments Reach 138 in 2023, Expected To Jump in 2024". AIN Online. Retrieved 27 April 2024.