Significant Aircraft Order
Bombardier received a firm order for 50 aircraft, contributing to a large backlog jump and a unit book-to-bill ratio of 2.3.
Service Revenue Growth
Service revenue reached $590 million, up 16% year-over-year, contributing 29% of total revenue, demonstrating success in revenue diversification and aftermarket expansion.
Backlog and Financial Stability
Backlog grew past $16 billion, ending Q2 at $16.1 billion. Bombardier also successfully refinanced $500 million of senior notes, improving its debt maturity profile and reducing the average coupon by 11 basis points.
Credit Rating Upgrades
S&P Global upgraded Bombardier's credit rating to BB- from B+, while Moody's changed their outlook from stable to positive, reflecting strong earnings and cash flow growth.
Defense Segment Achievements
Bombardier Defense received an order for 2 Global 6500 jets and announced an MOU with Italy's Leonardo for maritime patrol missions, showcasing strong defense market capabilities.
Global 7500 Speed Record
The Global 7500 achieved its 135th speed record, becoming the business jet type with the most city pair speed records.