Bombardier

2867 WordsSep 18, 201212 Pages
BOMBARDIER Trevor Davies Steve Bernier Paul Gos Jeff Cosentino Bombardier Bombardier Inc., a diversified manufacturing and service company, is a world leading manufacturer of business jets, regional aircraft, rail transportation equipment. It is also a provider of financial services and asset management. The Corporation employs 79,000 people in 24 countries in the Americas, Europe and AsiaPacific Objective The goal of Bombardier is that the company and management team wish to downsize the company in order to have financing for other projects that they are currently researching. That’s why they sold the recreational division (snowmobiles). Joseph-Armand Bombardier History of Bombardier 1942 - Joseph-Armand Bombardier…show more content…
31, 2003, stood at $23.7 billion Canadian. Financial Overview (cont) Has created some 9,300 jobs since 1992, and carries a 1.6 billion dollar payroll (1.2 billion US) Provides business to more than 5,200 Canadian suppliers At Bombardier, 90 percent of there revenues come from contracts outside Canada Financial Overview (cont) Bombardier created 9,265 jobs in Canada since 1992, to bring its current Canadian workforce to 24,495 employees. The Canadian payroll represents $1.6 billion in 2002, and Bombardier employees earn salaries well above the Canadian average. Provides business to over 5,200 Canadian suppliers all across Canada, who have in turn created thousands of jobs Canadian Economy The Canadian aerospace industry faces formidable and ferocious competitive forces worldwide. Teller said “Canada is one of the most trade-oriented economies in the world.” More than 40 percent of Canada’s Gross Domestic Product is trade-generated. One in three jobs in Canada is directly dependent on the ability to sell products elsewhere. Canadian companies have made significant investments to develop high technology products such as Bombardier’s family of regional jets. Global Competitors Main Direct Aerospace Competitors: Embraer- Brazilian Airbus-UK and France Boeing-American Global Market The company has sold several Bombardier Global Express aircraft to customers in Australia, China, Japan, Korea and Malaysia in recent years and the
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