Bombardier (TSX:BBD.A) shares surged almost 20% after the Montreal-based aircraft manufacturer announced it had received a firm order for 50 Challenger and Global business jets valued at US$1.7 billion, along with a long-term maintenance contract with an undisclosed first-time buyer.
Deliveries are scheduled to begin in 2027, and the buyer also holds options for 70 additional aircraft, which could raise the total deal value to over US$4 billion.
“This significant order underscores the competitive advantage Bombardier’s full scope of products and services brings to customers throughout the entire aircraft lifecycle, from design to delivery, then throughout the in-service journey,” CEO Éric Martel said in a statement.
Shares of Bombardier added 19.7% at C$142 in the early afternoon in Toronto.