Bombardier Contributed $7.4 Billion to Canadian GDP in 2024, PwC Study Shows
MWN-AI** Summary
A recent PwC Canada study reveals Bombardier's significant economic impact on the Canadian landscape, contributing $7.4 billion to the country's GDP in 2024. This figure includes direct, indirect, and induced contributions, underscoring Bombardier's role as a vital player in Canada’s aerospace sector. The company not only holds a prominent position within the province of Quebec, directly supporting over 31% of the aerospace employment, but it also plays a crucial role in the national economy by sustaining nearly 50,000 jobs across Canada.
In 2024, Bombardier generated more than $1.2 billion in revenue for provincial and federal governments through various taxes, showcasing its influence on the public sector. Notably, Bombardier's aircraft exports accounted for 5% of Quebec's total export value, with the company achieving $11.5 billion in revenue from 146 business aircraft deliveries.
Bombardier’s leadership, represented by CEO Éric Martel, expresses confidence in the company's future, projecting a revenue increase to over $12.2 billion in 2025. This optimistic outlook is backed by a strong market environment and ongoing demand from various sectors, including government and military clients. Over the next five years, Bombardier expects to contribute $39.6 billion to Canada's GDP and maintain an average of over 51,500 jobs annually, driven by planned investments in research and development.
With an emphasis on innovation, Bombardier is committed to enhancing its production capabilities, including a state-of-the-art facility at Ontario's Pearson airport. As it continues to innovate and expand, Bombardier remains pivotal not only to the aerospace industry but also to the broader Canadian economy.
MWN-AI** Analysis
Bombardier Inc. (TSE: BBD.B) has positioned itself as a pivotal player in the Canadian aerospace industry, contributing $7.4 billion to Canada’s GDP in 2024, according to the recent PwC study. This substantial figure underscores not just the company's operational success but highlights its role as a cornerstone for the Canadian economy.
Investors looking at Bombardier should be optimistic given the company’s projections, including anticipated revenues exceeding $12.2 billion for 2025, driven by robust government and military demand. In fact, Bombardier projects that it will contribute an impressive $39.6 billion to Canada’s GDP between 2025 and 2029, alongside sustaining an average of over 51,500 jobs annually across the nation.
With a strategic focus on research and development, Bombardier's planned investments are set to further bolster its economic impact, contributing an additional $3.2 billion in GDP from its R&D endeavors from 2024 to 2029. This forward-thinking approach not only positions the company well within the evolving aerospace landscape but also signals its commitment to innovation and sustainability—key drivers for future growth.
From an investment perspective, Bombardier appears well-equipped to capitalize on current market trends, especially within the booming aerospace sector, which is expected to expand substantially in the coming years. Furthermore, Bombardier’s strong presence in Quebec, where it supports over 31% of the aerospace sector’s jobs, adds a layer of stability, given the provincial government's commitment to the aerospace industry.
Potential investors should keep a close watch on Bombardier's forthcoming financial disclosures and strategic initiatives as the company seeks to maintain its trajectory of growth while delivering substantial economic value to Canada. Long-term investment in Bombardier could potentially yield favorable returns, driven by both strong revenue growth and solid contributions to the overall economy.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
- Bombardier had a total contribution (direct, indirect and induced) of $7.4 billion to Canada’s GDP in 2024 and supported close to 50,000 jobs across the country
- In 2024, the company contributed over $1.2 billion in revenues to provincial and federal governments, including taxes on income, products and production
- In Quebec, Bombardier directly supported more than 31% of the aerospace sector’s employment, making it one of the largest employers in the province's manufacturing industry
All amounts in this press release are in Canadian dollars, unless otherwise indicated.
TORONTO, Sept. 10, 2025 (GLOBE NEWSWIRE) -- A study by PwC Canada provides an update on the substantial economic and social contributions of Bombardier’s manufacturing operations in Canada. Indicators such as the GDP, exports and supported jobs presented Bombardier’s significant role in the Canadian economy.
The report positions Bombardier as a key driver of Canada’s aerospace industry with $7.4 billion in contribution to the country’s GDP in 2024, and output value representing approximately 1% of total Canadian exports. In that same year, Bombardier’s aircraft exports made up 5% of Quebec’s total export value. Bombardier’s activities also contributed considerably to the provincial and federal economies in 2024, bringing over $1.2 billion in taxes on income, products and production.
“Bombardier continues to be a key driver of the Canadian economy through its nearly 12,200 employees and over 1,550 suppliers across the country,” said Éric Martel, President and CEO, Bombardier. “Our work not only fuels economic growth — it also plays a vital role in reinforcing Canada’s sovereignty through innovation, homegrown expertise in aircraft production and maintenance, and critical contributions to the nation’s defence industrial strategy.’’
Figures also show that Bombardier plays an important role in Canada's economic development, supporting nearly 50,000 jobs across the country — including direct, indirect, and induced employment — that depend on its activities. In Quebec alone, Bombardier supported nearly 10,000 direct jobs, which represent more than 31% of all the jobs in the aerospace sector, making it one of the largest employers in the province’s manufacturing industry. In addition, Bombardier’s active presence in Ontario is highlighted with its state-of-the-art manufacturing centre at Pearson airport, inaugurated in 2024, where close to 2,200 team members complete high-precision assembly work for the class-leading Bombardier Global family of aircraft.
Bombardier’s performance in 2024 reflects the strength of the company, with 146 business aircraft delivered and $11.5 billion in revenue. This success was made possible by a robust network of more than 1,550 Canadian suppliers from coast to coast, demonstrating that the company is at the heart of a thriving national ecosystem.
Driven by a favourable market environment and sustained demand from clients, including governments and militaries, Bombardier is projecting revenues greater than $12.2 billion 1 in 2025, in line with its guidance published earlier this year. According to the PwC report, Bombardier’s projections suggest that it is expected to contribute $39.6 billion 1 to Canada’s GDP between 2025 and 2029, and to provide an annual average of over 51,500 direct, indirect and induced 1 full-time jobs across the country. On the research & development side, Bombardier's planned investments, including capital investments and the development and testing of new prototypes, are projected to support $3.2 billion 1 in GDP contributions between 2024 and 2029.
The PwC Canada report was commissioned by Bombardier and is available on the company's website. The last report conducted by PwC Canada on Bombardier’s Canadian contributions was in 2022 .
About Bombardier
At Bombardier (BBD-B.TO), we design, build, modify and maintain the world’s best-performing aircraft for the world’s most discerning people and businesses, governments and militaries. That means not simply exceeding standards but understanding customers well enough to anticipate their unspoken needs.
For them, we are committed to pioneering the future of aviation—innovating to make flying more reliable, efficient and sustainable. And we are passionate about delivering unrivaled craftsmanship and care, giving our customers greater confidence and the elevated experience they deserve and expect. Because people who shape the world will always need the most productive and responsible ways to move through it.
Bombardier customers operate a fleet of more than 5,100 aircraft, supported by a vast network of Bombardier team members worldwide and 10 service facilities across six countries. Bombardier’s performance-leading jets are proudly manufactured in aerostructure, assembly and completion facilities in Canada, the United States and Mexico. In 2024, Bombardier was honoured with the prestigious “Red Dot: Best of the Best” award for Brands and Communication Design.
For Information
For corporate news and information, including Bombardier’s Sustainability report, as well as the company’s initiative to cover all its flight operations with a Sustainable Aviation Fuel (SAF) blend utilizing the Book-and-Claim system visit bombardier.com .
Learn more about Bombardier’s industry-leading products and customer service network at bombardier.com . Follow us on X @Bombardier.
Media Contacts
General media contact webform
Arevig Afarian
+1-514-240-1078
arevig.afarian@aero.bombardier.com
Bombardier and Global are registered or unregistered trademarks of Bombardier Inc. or its subsidiaries.
(1) Forward-looking statements
This press release contains certain forward-looking statements, including references to forward-looking information contained in the PwC report but which was developed by Bombardier. By their nature, forward-looking statements require Bombardier to make assumptions and are subject to important known and unknown risks and uncertainties, which may cause actual results in future periods to differ materially from those set forth in the forward-looking statements. Please refer to the “Forward-Looking Statements” disclaimer contained in the management’s discussion and analysis (MD&A) of Bombardier Inc.’s Financial Report for the quarter ended June 30, 2025, and to the “Forward-looking statements – Assumptions” section in the MD&A of Bombardier Inc.’s Financial Report for the quarter ended March 31, 2025, for additional details.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3f46f3c1-134d-4834-9cfa-eee284cfe26f
FAQ**
How do the projected contributions of Bombardier Inc. Class B Subordinate Voting Shares BBD.B:CC to Canada's GDP from 2025 to 2029 compare to its past performance in supporting jobs and tax revenues?
Considering Bombardier Inc. Class B Subordinate Voting Shares BBD.B:CC's role in employment, what strategies is the company implementing to maintain its position as a major employer in Quebec's aerospace sector?
With Bombardier Inc. Class B Subordinate Voting Shares BBD.B:CC forecasting over $12.2 billion in revenues for 2025, what factors are anticipated to drive this growth in the competitive aerospace market?
How does Bombardier Inc. Class B Subordinate Voting Shares BBD.B:CC's investment in research and development influence its long-term economic impact on Canada's aerospace ecosystem?
**MWN-AI FAQ is based on asking OpenAI questions about Bombardier Inc. Class A Multiple Voting Shares (TSXC: BBD.A:CC).
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