August 01, 2014 7:45 PM ET

Aerospace and Defense

Company Overview of Bombardier Aerospace, Inc.

Company Overview

Bombardier Aerospace, Inc. designs and manufactures aviation products for business, commercial, specialized, and amphibious aircraft markets. Its aerospace products include commercial, regional, business, and amphibious aircraft; defense services aircraft; flexi jets and sky jets; and firefighting aircraft, and interiors for aircraft. The company also offers jet cards and charter services for business jet travelers in North America; bloc hour and ad-hoc charter services in Europe, the Asia-Pacific, and the Middle-East; aircraft services, including shipments, aircraft on ground services, lease programs, rotable management programs, and aircraft maintenance and repair services; and military av...

400 Côte-Vertu Road West

Dorval, QC H4S 1Y9

Canada

Founded in 1944

Phone:

514-855-5000

Fax:

514-855-7401

Key Executives for Bombardier Aerospace, Inc.

General Manager and Head of Bombardier Aerospace China
Chief Financial Officer and Senior Vice President
President of Defence Services
President of Bombardier Specialized and Amphibious Aircraft
President of Flexjet and Skyjet
Age: 63
Compensation as of Fiscal Year 2014.

Bombardier Aerospace, Inc. Key Developments

Bombardier Aerospace Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Bombardier Aerospace reported earnings results for the second quarter and six months ended June 30, 2014. For the quarter, results of operations revenues were $2,512 million against $2,255 million a year ago. EBIT before special items was $141 million against $107 million a year ago. EBIT was $141 million against $138 million a year ago. EBIT before special items was $141 million against $107 million a year ago. EBITDA before special items was $215 million against $178 million a year ago. Cash flows from operating activities were $146 million against cash flows used in operating activities of $75 million a year ago. Net additions to PP&E and intangible assets were $509 million against $534 million a year ago. For the six months, results of operations revenues were $4,601 million against $4,513 million a year ago. EBIT before special items was $246 million against $208 million a year ago. EBIT was $234 million against $239 million a year ago. EBIT before special items was $246 million against $208 million a year ago. EBITDA before special items was $383 million against $340 million a year ago. Cash flows from operating activities were $85 million against cash used in operating activities of $117 million against $67 million a year ago.

Guy Hachey Leaves Bombardier Aerospace as Chief Operating Officer and President of the Aerospace Division

Bombardier Aerospace announced that the company's chief operating officer and president of the aerospace division Guy Hachey left the company abruptly as part of sweeping changes to its organizational structure.

Bombardier Aerospace Announces Retirement of Guy Hachey as President and CEO; Announces Restructuring of Aerospace Functions; Announces Layoffs of 1,800 Employees

Bombardier Aerospace announced that president and CEO Guy Hachey is retiring after six years in the post amid a restructuring of operations at the aerospace division. Effective immediately, the heads of all segments will report to Beaudoin. They are Lutz Bertling at Transportation, Eric Martel at Business Aircraft and Mike Arcamone at Commercial Aircraft. The head of the new Aerostructures and Engineering Services business segment will be appointed in the next few weeks. The company also announced some aerospace functions and the customer services division will be absorbed into the three aerospace units generating unspecified cost savings. The new structure will be in place January 1. The change will result in the layoff of about 1,800 "indirect" functions such as finance and human resources, or 4.8% of Aerospace's global workforce of more than 37,000.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 5, 2013
Bombardier Aerospace Corporation
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Bombardier Aerospace, Inc., please visit www.bombardier.com/en/aerospace. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.