Net Worth: $2.95 Billion
|TSX: BBD.A, BBD.B
S&P/TSX 60 component
|Founded||Valcourt, Quebec, Canada
July 10, 1942
|Pierre Beaudoin (Chairman) & Eric Martel (President & CEO)|
|Revenue||US$ 16.24 billion (2018)|
|US$ 0.32 billion (2018)|
|Total assets||US$ 24.96 billion (2018)|
|Total equity||US$ -5.56 billion (2018)|
Number of employees
|Almost 60,000 (2020)|
Bombardier is a Canadian manufacturer of business jets with an estimated net worth of $2.95 Billion. It was also formerly a manufacturer of commercial jets, public transport vehicles, trains, and recreational vehicles, with the last being spun-off as Bombardier Recreational Products. The company started its humble beginnings as as snowmobile manufacturer. From that point forward the company expanded into aviation, rail, and public transit businesses. Bombardier manufactures several series of corporate jets, Global 7500, Global Express, Challenger 600, Challenger 300, and Learjet 70/75.
The founder of the company is Joseph-Armond Bombardier who was a mechanic who dreamed of building a vehicle that could “float on snow”. In 1935, in a repair shop in Valcourt, Quebec, he designed, engineered, and produced the first snowmobile using a drive system he developed that revolutionized travel in snow and swampy conditions.