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Bombardier’s First Quarter Revenues Down, Backlog Up

May 11, 2012, 06:30 AM
Filed Under: Corporate Earnings

Bombardier’s first-quarter financial results, show a decline of company-wide revenue from $4.7 billion to $3.5 billion year-over-year, while revenues for its aerospace division decreased from $2.2 billion to $1.5 billion.
“As anticipated, we had lower revenues in the first quarter,” said president and CEO Pierre Beaudoin. “The entry into service of the Vision flight deck on the Global 5000 and Global 6000 and the resulting transition, as well as lower deliveries of commercial aircraft, had an impact.”

The company’s backlog increase to $23.3 billion at the end of Q1 2012, slightly ahead of the $22 billion backlog reported at year end 2011. “We had a solid level of new orders in business jets and we’re starting to see momentum in commercial aircraft orders,” Beaudoin said.

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