Bombardier, a Canadian aviation company, revealed that NetJets, a private jet company, was the customer behind the order of 12 Challenger 3500 business jets that was announced in December. The order was valued at $326.4 million at the time of signing but could potentially increase to over $6 billion if NetJets decides to exercise its option for all 232 jets.
During its investor day, Bombardier shared that it is on track to achieve its 2025 goals, including increasing revenue to over $9 billion. The company also stated that it is one year ahead in its objective to grow services revenue to $2 billion by 2025. Additionally, Bombardier set a target to enhance its revenue share from aftermarket, defense, and pre-owned businesses to around 50% of annual revenue by 2030, up from 31% in 2023.
Following the investor day presentation, Bombardier’s shares saw a 6% increase. The planemaker emphasized its focus on return on invested capital when deploying resources beyond 2025. Analyst Benoit Poirier from Desjardins noted that Bombardier will not be announcing any new large multi-billion dollar capital investment programs like a new clean sheet design addressing a key concern for investors.
