This article is based on an official press release from Bombardier and accompanying financial reports.

Bombardier Exceeds 2025 Targets, Completes Turnaround Plan, and Eyes $10 Billion Revenue in 2026

Bombardier has officially concluded its five-year turnaround plan, reporting financial results for 2025 that exceeded both its original 2021 targets and updated guidance. According to the company’s latest financial report, full-year revenue climbed 10% year-over-year to reach $9.55 billion, while free cash flow surged to $1.07 billion. The results mark a pivotal moment for the Canadian manufacturers, which has successfully transitioned into a focused business aviation leader.

The company’s performance in 2025 was driven by record revenues in its Services division, significant growth in its Defense sector, and the entry-into-service of its flagship Global 8000 aircraft. With the turnaround plan now complete, Bombardier has issued strong guidance for 2026, projecting revenues to surpass the $10 billion mark as it shifts its strategy from stabilization to sustained growth.

2025 Financial Performance

Bombardier’s 2025 fiscal results demonstrate strong execution across its manufacturing and services segments. The company reported that it beat its original 2021 targets across all key metrics. Notably, the manufacturer delivered 157 aircraft in 2025, an increase of 11 units compared to the previous year.

Key financial highlights from the report include:

• Total Revenue: $9.55 billion (up 10% from $8.67 billion in 2024).
• Adjusted EBITDA: $1.56 billion, reflecting a 16.3% margin.
• Free Cash Flow: $1.07 billion, a dramatic increase from $232 million in 2024.
• Net Income: Reported net income reached $975 million, up 164% year-over-year.
• Order Backlog: grew by 22% to reach $17.5 billion.

The company attributed the surge in free cash flow to efficient working capital management and higher customer advances stemming from a robust order intake. Additionally, Bombardier continued its deleveraging efforts, repaying over $400 million in debt during the fiscal year. The net leverage ratio improved to 1.9x, surpassing the company’s target range of 2.0x to 2.5x.

“We fulfilled the strategic path we set in 2021 and have completed our turnaround plan with poise, discipline and consistent execution,” said Éric Martel, President and CEO of Bombardier, in a statement regarding the results.

Strategic Pillars and Defense Expansion

The conclusion of the 2021–2025 turnaround plan validates Bombardier’s strategic pivot to becoming a pure-play business jet manufacturer. A major component of this success has been the expansion of Bombardier Defense, which has secured critical contracts utilizing the Global aircraft platform for special missions.

According to the provided reports, key developments in the defense sector include:

• U.S. Army: A contract award for the HADES (High Accuracy Detection and Exploitation System) program prototype, utilizing the Global 6500 airframe.
• Royal Canadian Air Force: A contract for six Global 6500 aircraft to replace the Challenger fleet.
• Germany: Continued progress on the PEGASUS airborne surveillance program based on the Global 6000 platform.

In the civil aviation segment, the company celebrated the entry-into-service of the Global 8000. The first unit was delivered in December 2025. With a top speed of Mach 0.95 and a range of 8,000 nautical miles, the Global 8000 is positioned as a premium product expected to drive margin expansion in the coming year.

2026 Guidance and Outlook

Looking ahead, Bombardier has set ambitious targets for 2026, signaling confidence in its operational efficiency and market demand. The company projects that revenue will exceed $10 billion, supported by a continued ramp-up in Global 8000 deliveries and sustained growth in aftermarket services.

The official 2026 guidance includes:

• Revenue: >$10.0 billion.
• Adjusted EBITDA: >$1.625 billion.
• Free Cash Flow: Between $600 million and $1.0 billion.
• Deliveries: Expected to exceed 157 aircraft.

The company also plans to redeem an additional $500 million of Senior Notes in February 2026 using cash on hand, further strengthening its balance sheet.

AirPro News Analysis

The completion of Bombardier’s turnaround plan is a significant milestone for the aerospace industry. Five years ago, the company was a diversified conglomerate struggling with debt and the complex divestiture of its commercial aviation and rail businesses. The 2025 results suggest that the “pure-play” business jet strategy was not merely a survival tactic but a viable path to profitability.

Of particular note is the $2.3 billion in Services revenue. By expanding its aftermarket support network, Bombardier has successfully insulated itself somewhat from the cyclical nature of new aircraft sales. Furthermore, the aggressive pay-down of debt, reducing leverage to 1.9x, provides the company with financial flexibility it has lacked for over a decade. As supply chain constraints continue to challenge the broader sector, Bombardier’s ability to exceed delivery targets suggests a robust operational resilience that may give it a competitive edge in 2026.

Frequently Asked Questions

What was Bombardier’s revenue in 2025?
Bombardier reported total revenue of $9.55 billion for 2025, a 10% increase over the previous year.

What is the Global 8000?
The Global 8000 is Bombardier’s flagship business jet, capable of speeds up to Mach 0.95 and a range of 8,000 nautical miles. It entered service in December 2025.

What is Bombardier’s outlook for 2026?
The company expects revenue to exceed $10 billion and plans to deliver more than 157 aircraft, with adjusted EBITDA projected to surpass $1.625 billion.

Sources

• Bombardier