- Set for completion in 2023, the new world-class Global aircraft assembly facility will exemplify Bombardier’s commitment to sustainability
- The facility will provide continued employment to the 2,000 employees currently working at Bombardier’s Downsview facility
- Environmentally responsible features will reduce energy consumption by almost 60 per cent and will lower greenhouse gas emissions by more than half
- Bombardier reiterates continued involvement in the aerospace cluster through active engagement in the Downsview Aerospace Innovation & Research (DAIR) consortium and other initiatives
- Bombardier (BBD.A) is up 0.48 per cent, trading at C$2.09 at 1:37 pm ET
Bombardier (BBD.A) has provided further details on the construction of its new, state-of-the-art facility at the Toronto Pearson International Airport.
The new facility will optimize final assembly operations for its family of Global business jets, including the industry flagship Global 7500 aircraft.
In an event attended by Bonnie Crombie, Mayor of the City of Mississauga, Deborah Flint, President and CEO of the Greater Toronto Airports Authority, Jerry Dias, National President at Unifor, and several other key representatives of the Greater Toronto aerospace community, it reiterated its commitment to continue the momentum of its presence in Ontario.
On track for completion in 2023, the facility will provide a new home to the Global Manufacturing Centre, currently located in nearby Downsview, ON.
The move, an investment by Bombardier of approximately US$400 million, will provide continued employment to the 2,000 employees currently working at Bombardier’s Downsview facility.
“We came here today to show you first-hand that construction of our new Global Manufacturing Centre of Excellence is advancing as planned,” said Éric Martel, President and Chief Executive Officer, Bombardier.
“We are extremely proud of the people who have been producing our best-in-class business jets for decades here in Ontario, and with the rising demand for large-cabin, long-range aircraft, we are looking forward to providing our teams with a new, state-of-the-artwork environment,” he added.
The Downsview plant was built in the 1960s, and the transition to the new, 770 000 sq. ft. facility at Pearson Airport in Mississauga will significantly reduce Bombardier’s industrial and environmental footprint in the area.
It is embracing the opportunity to incorporate as many environmentally responsible features as possible. Energy consumption will be reduced by just under 60 per cent by focussing on natural and more efficient lighting elements, and newer heating methods and updated processing systems will lower greenhouse gas emissions by more than half.
During the event, Bombardier also confirmed it will remain active in creating educational and job opportunities for future generations of aerospace talent in the Greater Toronto Area, particularly through its continued involvement in the DAIR consortium.
The consortium, which the company cofounded with Centennial College, drives local collaborative research and development to help small and medium aerospace hub businesses scale up.
“It is our continuing strategy to further support local innovation, harness the ingenuity of future aerospace professionals and enrich our local supply chain. Our involvement with DAIR enables us to realize this vision and it is one that we value greatly,” said Éric Martel.
“I’m so proud that Bombardier, one of the world’s most innovative aviation companies, has chosen to make this very significant investment in Mississauga,” said Mississauga Mayor Bonnie Crombie.
Bombardier is a global leader in aviation, creating innovative and game-changing planes. Our products and services provide world-class experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.
Bombardier (BBD.A) is up 0.48 per cent, trading at C$2.09 at 1:37 pm ET.