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Bombardier Reports Record Orders and Service Growth Ahead of 2025 Targets

Bombardier Reports Record Orders and Service Growth Ahead of 2025 Targets
Bombardier has announced strong financial results for the second quarter of 2025, underscoring its progress toward achieving full-year goals. The company experienced a notable increase in demand, particularly within its Bombardier Defense division, and secured a landmark contract with an undisclosed new customer for 50 firm aircraft and 70 options. This agreement, potentially encompassing up to 120 Global and Challenger business jets, represents the largest single-quarter business jet order volume in over a decade. The development has heightened competition in the sector, with key rivals such as Dassault Aviation also reporting improved first-half profits and sales, likely prompting strategic adjustments across the market.
Financial Performance and Operational Highlights
For the quarter, Bombardier reported revenues of US$2.0 billion, with adjusted EBITDA reaching US$297 million and EBIT at US$205 million. Net income rose to US$193 million, exceeding analyst expectations despite a slight decline in quarterly revenue. Adjusted net income increased to US$117 million from US$111 million in the previous year. Diluted earnings per share (EPS) surged to US$1.87 from US$0.12, while adjusted EPS stood at US$1.11. The company attributed this earnings outperformance to higher aircraft deliveries and sustained demand for parts and repair services.
Service revenues demonstrated robust growth, increasing 16% year-on-year to US$590 million, supported by Bombardier’s expanding global service network. The company has been actively recruiting technicians and advancing facility developments, including a new maintenance site in Abu Dhabi and a major paint facility at the London Biggin Hill Service Centre. Aircraft deliveries for the quarter totaled 36 Challenger and Global jets, with a predominance of Challenger models. First-half deliveries reached 59 aircraft, maintaining parity with 2024 levels.
Bombardier’s order backlog climbed to a record US$16.1 billion as of June 30, 2025, up US$1.9 billion from the previous quarter. The book-to-bill ratio rose sharply to 2.3, reflecting strong demand across both business jet and defense segments. The company’s liquidity position remained solid at US$1.2 billion, including US$811 million in cash and equivalents.
Cash Flow, Debt Management, and Strategic Initiatives
Free cash flow usage amounted to US$164 million, primarily driven by inventory build-up in anticipation of increased deliveries in the second half of the year. Operating cash flow usage was US$128 million, with net investments in property, plant, equipment, and intangible assets totaling US$36 million.
Bombardier continues to emphasize prudent debt management, recently refinancing US$500 million of Senior Notes to extend their maturity to 2033. This financial strategy contributed to an upgrade of the company’s credit rating to BB- by S&P Global Ratings, while Moody’s revised its outlook to positive.
CEO Éric Martel highlighted the growing momentum within the defense business and announced a new strategic partnership with Safran to explore joint defense technologies and objectives. As Bombardier advances toward its 2025 targets, market sentiment remains optimistic, buoyed by record orders, service growth, and strategic initiatives, even as competition intensifies in the global business aviation market.

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