Bombardier Tops Forbes Global 'A List' For the Second Consecutive Year -- Company Selected As the One to Watch in Aerospace and Defense Industry.Business Editors MONTREAL--(BUSINESS WIRE)--Jan. 24, 2000 (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :BBD BBD In currencies, this is the abbreviation for the Barbados Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. .A.) (TSE:BBD.B.) In its second annual A List, a ranking of the world's premier companies to watch in 21 industries, Forbes Global magazine selected Montreal-based Bombardier as the world's leading company in the Aerospace and Defense industry. The Forbes Global ranking is based on past performance as well as future earnings and growth potential. Forbes Global highlighted Bombardier's heavy investment in new products over the past five years, a period in which the company developed more new aircraft than any other airframe manufacturer. The magazine also underscored Bombardier's worldwide market leadership in regional aircraft, business aircraft, passenger railcars and personal watercraft personal watercraft n. 1. A motorized recreational water vehicle normally ridden by straddling a seat. 2. (used with a pl. verb) Such water vehicles considered as a group. . Bombardier Aerospace Bombardier Aerospace is a division of the Bombardier group, with the third largest workforce (behind Boeing and Airbus) and the fourth largest in yearly delivery of commercial airplanes (behind Boeing, Airbus and Embraer). leads the growing business aircraft market with a portfolio of jets that range in mission capabilities from inter- to intra-continental travel. The product line includes the Learjet* series, Challenger* business aircraft and the ultra long-range Global Express*. In 1999 Bombardier marked a record year in business aircraft activities, gaining the revenue lead position in the industry with 173 business jet deliveries. The company also announced its entry into the super midsize market with the Bombardier Continental Jet* and expanded its fractional ownership In business, fractional ownership is a percentage share of an expensive asset. Shares are sold to individual owners. A fractional owner enjoys priorities and privileges, such as reduced rates, priority access on holidays and income sharing. program, Flexjet*, into Europe. In regional aircraft, Bombardier offers its pioneering 50- to 70-seat Canadair Regional Jet* Series 100, 200 and 700 aircraft and the 37- to 78-seat Q Series Dash 8* turboprop turboprop: see turbine. turboprop Hybrid engine that provides jet thrust and also drives a propeller. It is similar to the turbojet except that an added turbine, behind the combustion chamber, works through a shaft and speed-reducing gears to turn a family with its revolutionary Noise and Vibration Suppression system for increased passenger comfort. Bombardier continued to set the pace in the regional jet market in 1999 with the first flight of its 70-seat jet, an aircraft program more than two years ahead of its closest competitors. The company's top position in passenger railcars led Forbes Global to claim that this group is one to watch in 2000. Among its many highlights in 1999, Bombardier won a Cdn$758 million contract with the Long Island Railroad, the largest commuter railroad in the United States and continued to manufacture America's first high-speed train, Amtrak's Acela Express. Note to editors: The A List is selected by Forbes Global editors and spotlights companies in 21 industries with more than US$5 billion in sales for the latest fiscal year based on the following criteria: * Five-year average return on equity * One-year stock price change * Estimated EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. growth in the coming year * Five-year annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. sales growth * Five-year annualized growth in earnings before interest, taxes, depreciation and amortization Earnings before interest, taxes, depreciation and amortization (EBITDA) is a non-GAAP metric that can be used to evaluate a company's profitability.
Bombardier Inc. is a Canadian corporation active in the fields of aerospace, rail transportation equipment, recreational products and financial services. It operates plants in 12 countries in North America, Europe and Asia, and more than 90 per cent of its revenues are generated outside Canada. Bombardier's revenues for its fiscal year ended January 31, 1999 totalled Cdn$11.5 billion. * Trademarks of Bombardier Inc. |
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