- Bombardier (TSX:BBD.A) will strengthen its production capabilities with a new 126,000-square-foot manufacturing facility in Dorval, Quebec, with a price tag of approximately C$100 million
- Bombardier builds jets for businesses, governments and militaries around the world
- Bombardier stock has added 168.11 per cent year-over-year
Bombardier (TSX:BBD.A) will strengthen its production capabilities with a new 126,000-square-foot manufacturing facility in Dorval, Quebec, with a price tag of approximately C$100 million.
The facility, expected to open in 2027, will be located near the jet maker’s Challenger manufacturing centre and Laurent Beaudoin completion centre, creating hundreds of skilled jobs for the surrounding community.
Bombardier will make an official announcement at the Dorval site at 1 pm in the presence of industry and government representatives, as well as company employees. This includes Christine Fréchette, Quebec’s Minister of Economy, Innovation and Energy and Minister responsible for the Montérégie region, who will announce a C$35 million loan under Investissement Québec’s ESSOR program to support facility construction.
The news complements a PwC study commissioned by Bombardier that shows the company to be a major contributor to the Canadian economy, creating almost 10,000 jobs and representing more than 31 per cent of aerospace employment in Quebec in 2024, while adding C$7.4 billion to GDP and sustaining nearly 50,000 jobs across the country.
Management commentary
“This major investment demonstrates our commitment to support Bombardier’s growth and build the infrastructure we need to maximize our productivity,” David Murray, executive vice president of manufacturing, IT and Bombardier’s Operational Excellence System, said in a statement. “As we expand our manufacturing capacity, we’re positioning ourselves to keep up with global demand and solidify our position at the top of the business aviation industry. We also want to acknowledge the effectiveness of Investissement Québec’s programs for supporting business growth. The ESSOR program, which will finance part of our expansion through a repayable loan, supports Bombardier’s global growth objectives while creating quality jobs in the province of Quebec.”
“By supporting the expansion of Bombardier, a world‑class prime contractor, our government is generating significant economic benefits for the entire Quebec supply chain and for the aerospace cluster,” added Fréchette. “This investment will also lead to the creation of hundreds of highly skilled, well‑paid jobs, while strengthening Quebec’s expertise. Thanks to its know‑how and its capacity for innovation, Bombardier is helping to consolidate Quebec’s global position in this strategic sector, and I am very proud to support this homegrown company.”
About Bombardier
Bombardier builds jets for businesses, governments and militaries around the world. The company’s customers operate a fleet of more than 5,200 aircraft supported by 10 service facilities across six countries. Manufacturing activities are based in Canada, Mexico and the United States.
Bombardier stock (TSX:BBD.A) last traded at C$249.32 and has added 168.11 per cent year-over-year.
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