Bombardier introduces a high-performance connectivity device by launching Smart Router, a powerful solution for today’s connected aviationThe Smart Router will allow Bombardier customers to stay connected, with around-the-clock support and security at the core of the design, elevating the experience of customers and operators on the ground and in the airThe Smart Router will be available as baseline equipment for the entire portfolio of in-production Challenger aircraft and Global aircraft by 2026Customers ...

Core Insights - Bombardier Inc. reported strong financial results for Q3 2025, with significant year-over-year gains across multiple key metrics, indicating robust performance and positioning for full-year guidance achievement [1][2][3] Financial Performance - Revenues reached $2.3 billion, reflecting an 11% increase year-over-year, driven by a favorable delivery mix favoring Global aircraft with a total of 34 units delivered [3][7] - Adjusted EBITDA was $356 million, marking a 16% year-over-year increase, with an adjusted EBITDA margin improvement of 60 basis points to 15.4% [5][7] - Free cash flow improved significantly to $152 million, a $279 million increase compared to the same quarter last year, attributed to increased customer advances and lower inventory investments [6][7] Services and Expansion - Services revenue was $590 million, achieving a 12% year-over-year growth, highlighting the segment's strong performance and growth potential [4][7] - The company announced a major multi-phase U.S. expansion initiative, starting with a new service center in Fort Wayne, Indiana [4][7] Backlog and Liquidity - The backlog grew by $0.5 billion to $16.6 billion as of September 30, 2025, with a unit book-to-bill ratio of 1.3, indicating strong order intake [8][9] - Available liquidity remained robust at $1.6 billion, including cash and cash equivalents of $1.2 billion [9][16] Debt Management - The company continued its disciplined approach to deleveraging, refinancing $250 million in debt and announcing an additional repayment of approximately $100 million due on December 3, 2025 [9][16]