Third-quarter revenues at Bombardier Business Aircraft climbed $9 million year-over-year to $1.083 billion, though profits slid $7 million, to $80 million, over the same time span. Revenues are up modestly in the first nine months, to $3.5 billion, while profits are up $20 million, to $285 million, despite some erosion in this latest quarter.
Net business jet order intake was strong during the third quarter, with book-to-bill above 1:1 and “increased interest in the Global family, including the new Global 5500 and 6500,” the company said. Thus the segment backlog jumped to $14.3 billion as of September 30, up $600 million from a year ago.
As previously stated, the division delivered 31 business jets in the third quarter, one more than it did in the year-ago period. The company handed over four Learjet 70/75s, 20 Challengers (fourteen 350s and six 650s), and seven Global 5000/6000s during the quarter; this compares with four Learjets, 17 Challengers (thirteen 350s, three 650s, and one 850), and nine Globals in third-quarter 2017.
In the first nine months, Bombardier Business Aircraft has shipped 96 aircraft—one more than it did in the same period last year. This represents more than 70 percent of its 135 planned business jet deliveries for this year, which will include handover of the first Global 7500 next month.