Bombardier Defense signs two-aircraft deal with Saab
Bombardier designs, builds, modifies and maintains a line of jets for individuals, businesses, governments and militaries around the world
Bombardier stock has added 23.01 per cent year-over-year and 552.62 per cent since 2020
Bombardier Defense, a division of jet maker Bombardier (TSX:BBD.A), received a firm order from longtime partner Saab for two Global 6500 aircraft.
The Global 5000 offers a top speed of 956 km/h and a maximum range of 12,223 km and features a fixed-wing platform that flies 'faster, longer and higher than legacy airborne sensor platforms,' offering 'a significant advantage to governments and militaries,' according to Friday's news release.
The aircraft's steep approach certification and advanced wing design also facilitate access to legacy commercial platforms, optimizing flexibility during mission-critical situations.
Micael Johansson, president and CEO of Saab, and Eric Martel, president and CEO of Bombardier, at the Paris Air Show 2025. (Source: Bombardier)
Bombardier Defense focuses on unmet needs in urgent humanitarian assistance, head of state transportation, maritime patrol and search and rescue, among other markets, leveraging a team with a skill-set spanning more than 500 special mission aircraft and over 3 million fleet hours.
The order follows the companies' collaboration on the GlobalEye airborne early warning and control system, initially announced in 2016, which integrates Bombardier's Global 6000 and 6500 aircraft. Leadership insights
'Through Bombardier Defense, the Global 6500 aircraft is the go-to strategic asset for governments around the world looking to modernize and strengthen their defense capabilities,' Eric Martel, president and chief executive officer of Bombardier, said in a statement. 'Bombardier Global aircraft are ideally suited for the most demanding missions, with proven flexibility, reliability, power generation, range and ability to operate at high altitudes.' About Bombardier
Bombardier designs, builds, modifies and maintains a line of jets for individuals, businesses, governments and militaries around the world. Its customers operate a fleet of more than 5,100 aircraft supported by 10 service facilities across six countries. The company operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico.
Bombardier stock (TSX:BBD.A) last traded at C$106.05. The stock has added 23.01 per cent year-over-year and 552.62 per cent since 2020.
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