Bombardier Confirms Reaching Settlement in Legal Dispute with Honeywell

/EIN News/ -- MONTRÉAL, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today confirmed that it has reached an agreement to settle its lawsuit against Honeywell International Inc. (“Honeywell”) that it initially filed in 2016 before the Superior Court of Québec. The settlement resolves the lawsuit and the pending request for appeal before the Supreme Court of Canada. The terms of the settlement agreement are confidential to both parties.

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 approximately 5,000 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 Environmental, Social and Governance report, as well as the company’s plans 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 businessaircraft.bombardier.com. Follow us on X (Twitter) @Bombardier. 

Media Contacts

Francis Richer de La Flèche Vice President, Financial Planning and Investor Relations Bombardier +1 514 240-9649	Mark Masluch Senior Director, Communications Bombardier +1 514 855-7167

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements based on current expectations, which may involve, but are not limited to: the coming into effect of the settlement agreement and the satisfaction and timing of conditions in connection therewith; and the effect of the settlement on the parties to the lawsuit and their business relationship.

By their nature, forward-looking statements require the Company to make assumptions and are subject to important known and unknown risks and uncertainties, which may cause the actual effects or results in future periods to differ materially from those set forth in the forward-looking statements. Please also refer to the note on “Forward-Looking Statements” and the section titled “Risks and Uncertainties” contained in Bombardier’s published quarterly financial report for the period ended September 30, 2024 and annual financial report for the fiscal year ended December 31, 2023.