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Bombardier Forms Partnership with Honeywell for Advanced Aircraft Technology

Dec 03, 2024•over 1 year ago

Contract Type

partnership

MontrealManufacturingHardwareScience And EngineeringAviation & Aerospace

Description

Bombardier's shares rose by 3.6% following the announcement of a partnership with Honeywell. The partnership includes a strategic agreement to provide advanced technology for current and future Bombardier aircraft in avionics, propulsion, and satellite communications technologies, estimated at a value of $17 billion.

Company Information

Company

Bombardier

Location

400 Boulevard Cote Vertu Ouest

Montreal, Quebec, Canada

About

Bombardier is a global leader in aviation, creating innovative and game-changing planes. Headquartered in Montréal, Canada, Bombardier is present in more than 12 countries including its production/engineering sites and its customer support network. Bombardier, Global and Global 7500 are trademarks of Bombardier Inc. or its subsidiaries.

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

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