Bombardier’s 1Q Revenues Down, Backlog up

Bombardier’s first-quarter financial results, released this morning, show a decline of company-wide revenue from $4.7 billion to $3.5 billion year over year for the Canadian manufacturer, while revenues for its aerospace division decreased from $2.2 billion to $1.5 billion. “As anticipated, we had lower revenues in the first quarter,” said president and CEO Pierre Beaudoin. “The entry into service of the Vision flight deck on the Global 5000 and Global 6000 and the resulting transition, as well as lower deliveries of commercial aircraft, had an impact.”