A Bombardier Global 6500 aircraft is pictured during the European Business Aviation Convention & Exhibition in Geneva, Switzerland, May 23, 2022. REUTERS/Denis Balibouseon Thursday raised its 2025 revenue and free cash flow targets at its investor day, capitalizing on strong demand for private flights.
Montreal-based Bombardier said in a statement it is now targeting more than $9 billion in annual revenue by 2025, up from an earlier objective for that year of about $7.5 billion.The company is now expected to generate more than $900 million in free cash flow, a closely watched metric, by 2025, up from earlier estimates of greater than $500 million.on persistent strong demand for private flying, especially in the United States, the world's largest market for business aviation.
Bombardier also said it anticipates tripling its revenues from defense sales and services to more than $1 billion in the second half of the decade.the company's defense business for special mission business jets could grow to a possible $1 billion in annual revenues.
Neither do they share the economic distress.
'Strong business jet market.' Hmm... Business leaders don't seem to share climate concerns.