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Bombardier Expands Its Manufacturing Footprint in Dorval with $100 Million Project to Support Worldwide Growth
Globenewswire· 2026-01-15 12:30
Core Viewpoint - Bombardier is investing approximately $100 million to establish a new 126,000-square-foot manufacturing center in Dorval, aimed at enhancing production capabilities and responding to increasing demand for business aircraft [3][4]. Group 1: Investment and Expansion - The new manufacturing center is part of Bombardier's long-term strategy to boost productivity and is expected to open before the end of 2027 [4][7]. - The project will create skilled job opportunities, contributing to the local economy [4][6]. Group 2: Government Support - Quebec's Minister of Economy, Innovation and Energy, Christine Fréchette, announced a $35 million repayable loan from Investissement Québec's ESSOR program to support the expansion [5][7]. - The ESSOR program aims to promote Quebec's competitive manufacturing sector and economic vitality [5]. Group 3: Economic Impact - Bombardier contributed a total of $7.4 billion to Canada's GDP in 2024 and sustained nearly 50,000 jobs across the country, with almost 10,000 direct jobs in Quebec [9]. - Bombardier accounts for over 31% of aerospace employment in Quebec, making it one of the province's largest manufacturing employers [9].
General Dynamics: Locked-In Revenues, Expanding Margins; Time To Accumulate Shares
Seeking Alpha· 2025-06-11 06:38
Group 1 - General Dynamics is a leader in the US defense industry, specializing in business aircraft, submarines, and ground-based combat systems such as armored vehicles and artillery [1] - The company has a strong financial position, which supports its ongoing operations and growth in the defense sector [1]