To: Gilbert Drapeau who wrote (706 ) 1/24/2000 11:58:00 AM From: Gilbert Drapeau Read Replies (1) | Respond to of 1177
Bombardier Tops Forbes Global 'A List' for the Second Consecutive Year - Company Selected as the one to Watch in Aerospace and Defense Industry JANUARY 24, 2000 MONTREAL, QUEBEC--In its second annual A List, a ranking of the world's premier companies to watch in 21 industries, Forbes Global magazine selected Montreal-based Bombardier as the world's leading company in the Aerospace and Defense industry. The Forbes Global ranking is based on past performance as well as future earnings and growth potential. Forbes Global highlighted Bombardier's heavy investment in new products over the past five years, a period in which the company developed more new aircraft than any other airframe manufacturer. The magazine also underscored Bombardier's worldwide market leadership in regional aircraft, business aircraft, passenger railcars and personal watercraft. Bombardier Aerospace leads the growing business aircraft market with a portfolio of jets that range in mission capabilities from inter- to intra-continental travel. The product line includes the Learjet* series, Challenger* business aircraft and the ultra long-range Global Express*. In 1999 Bombardier marked a record year in business aircraft activities, gaining the revenue lead position in the industry with 173 business jet deliveries. The company also announced its entry into the super midsize market with the Bombardier Continental Jet* and expanded its fractional ownership program, Flexjet*, into Europe. In regional aircraft, Bombardier offers its pioneering 50- to 70-seat Canadair Regional Jet* Series 100, 200 and 700 aircraft and the 37- to 78-seat Q Series Dash 8* turboprop family with its revolutionary Noise and Vibration Suppression system for increased passenger comfort. Bombardier continued to set the pace in the regional jet market in 1999 with the first flight of its 70-seat jet, an aircraft program more than two years ahead of its closest competitors. The company's top position in passenger railcars led Forbes Global to claim that this group is one to watch in 2000. Among its many highlights in 1999, Bombardier won a Cdn$758 million contract with the Long Island Railroad, the largest commuter railroad in the United States and continued to manufacture America's first high-speed train, Amtrak's Acela Express. Note to editors: The A List is selected by Forbes Global editors and spotlights companies in 21 industries with more than US$5 billion in sales for the latest fiscal year based on the following criteria: * Five-year average return on equity * One-year stock price change * Estimated EPS growth in the coming year * Five-year annualized sales growth * Five-year annualized growth in earnings before interest, taxes, depreciation and amortization Bombardier Inc. is a Canadian corporation active in the fields of aerospace, rail transportation equipment, recreational products and financial services. It operates plants in 12 countries in North America, Europe and Asia, and more than 90 per cent of its revenues are generated outside Canada. Bombardier's revenues for its fiscal year ended January 31, 1999 totalled Cdn$11.5 billion. * Trademarks of Bombardier Inc.