Global train and plane manufacturer Bombardier, designer and manufacturer of the Vancouver 2010 Olympic Torch, reached a milestone today with the completion of 6,000 of the 12,000 torches that will be used in the cross-Canada Olympic Torch Relay.
Bombardier announces today that it has closed a $600 million Letter of Credit Facility agreement with a syndicate of first quality financial institutions, mainly North American-based.
Bombardier today released its financial results for the first quarter ended April 30, 2009. Revenues reached $4.5 billion, compared to $4.8 billion, while earnings before financing income, financing expense and income taxes (EBIT) totalled $235 million, compared to $324 million last fiscal year. The EBIT margin at 5.3% compares to last year's 6.8%.
Bombardier today reported strong financial results for the fourth quarter and the year ended January 31, 2009 showing improvements in revenues, profitability and a robust cash position.