Bombardier Inc.
TSX : BBD.A
TSX : BBD.B
OTCQX : BDRBF

Bombardier Inc.

January 26, 2015 11:00 ET

Bombardier Announces Definitive Agreement for the Sale of its Military Aviation Training Activities to CAE Inc.

MONTRÉAL, QUÉBEC--(Marketwired - Jan. 26, 2015) - Bombardier Inc. (TSX:BBD.A)(TSX:BBD.B)(OTCQX:BDRBF) announced today that it has reached a definitive agreement for the sale of its Military Aviation Training (MAT) activities to CAE Inc. This will enable Bombardier to further focus on its core business areas. The completion of this transaction is subject to the approval of all required governmental and regulatory authorities and other customary closing conditions. Total consideration is $19.8 million CAD and the completion of the transaction for the sale of MAT's activities is expected to close by year end.

About Bombardier

Bombardier is the world's only manufacturer of both planes and trains. Looking far ahead while delivering today, Bombardier is evolving mobility worldwide by answering the call for more efficient, sustainable and enjoyable transportation everywhere. Our vehicles, services and, most of all, our employees are what make us a global leader in transportation.

Bombardier is headquartered in Montréal, Canada. Our shares are traded on the Toronto Stock Exchange (BBD) and we are listed on the Dow Jones Sustainability World and North America Indices. In the fiscal year ended December 31, 2013, we posted revenues of $18.2 billion. News and information are available at bombardier.com or follow us on Twitter @Bombardier.

Bombardier and The Evolution of Mobility are trademarks of Bombardier Inc. or its subsidiaries.

Contact Information

  • Bombardier Inc.
    Isabelle Rondeau
    Director, Communications
    +514 861 9481

    Bombardier Inc.
    Shirley Chenier
    Senior Director, Investor Relations
    +514 861 9481
    www.bombardier.com