09 November 2018

Bombardier Reports Third Quarter 2018 Results, Announces Sale Of Non-Core Assets And Strategic Actions To Streamline The Company And Drive Productivity

Bombardier (TSX: BBD.B) has reported its third quarter 2018 results marked by strong earnings growth. The Company also announced a number of strategic actions, including the launch of an enterprise-wide productivity programme. This programme is expected to generate annual savings of $250 million at full run rate, by 2021. Bombardier has reached definitive agreements for the sale of non-core assets and the monetisation of royalties, which is expected to generate approximately $900 million

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