Latest news with #Bombardier
Business Journals
9 hours ago
- Business
- Business Journals
How WSU Tech helps develop a thriving aviation workforce pipeline
Coming out of MRO Americas, one message was clear: The aviation industry is ready to grow, but only where the workforce is ready. Over 17,000 aviation maintenance professionals gathered in Atlanta, with more than 1,000 exhibitors showcasing what's next in maintenance, repair, and overhaul (MRO). There were major expansion announcements and reviews of new technology. But in nearly every conversation, the biggest concern wasn't just hangar space or equipment; it was talent. As companies look to grow regionally and nationally, they're asking: Where will we find the people to do the work? In Wichita, we're answering with action. Wichita shows up on the national stage This year, thanks to sponsors AAR Component Services, Bombardier, Textron Aviation, and the Greater Wichita Partnership, Wichita State University Campus of Applied Sciences and Technology (WSU Tech)'s MRO student team competed at MRO Americas. Five students tackled 27 real-world aviation maintenance challenges alongside active-duty military and professionals from industry giants like American Airlines, Boeing, and Southwest Airlines. These challenges are designed from real applications in the MRO world. The team excelled, placing 24th out of 90, and taking first place in the Barfield Air Data Tester event for the second time in their history of competing. But the bigger story? On the way, while sitting in the airport, we overhead 'war' stories of the prior days. By the last day of the conference, several had already made meaningful industry connections, and a few were sharing where they might land their dream job. 'For us, this experience isn't just about the competition. It's about students learning,' says James Hall, vice president of aviation strategy at WSU Tech. 'They build connections, compete alongside top talent, and learn directly from the best in the field.' These students represented more than their school; they represented Wichita. WSU Tech: A pipeline with momentum Wichita's strength in aviation has always been rooted in our ability to build. Today, we ensure that success by intentionally developing the talent pool. WSU Tech has become one of the region's most critical economic development enablers. Over 300 aviation maintenance technicians graduate each year, and that number is growing. This isn't accidental growth. It's a strategic alignment between education and industry. 'Building the workforce for today and tomorrow is a priority for WSU Tech, and as the industry grows, so must we,' said Hall. WSU Tech embraces partnerships with companies like Bombardier and Textron Aviation to ensure the programs stay closely in tune with employer needs. One standout program is the Bombardier A&P Apprenticeship Program; the first of its kind in Kansas.* This 18-month model blends classroom learning and hands-on experience. By graduation, students are certified and ready to contribute on day one. Workforce development starts early WSU Tech understands that the talent pipeline starts well before students step on campus. Programs like Kansas Choose Aerospace bring aviation coursework and technical pathways directly into high schools, giving juniors and seniors a direct path into post-secondary aviation programs. The initiative is already active in Dodge City and Goodland, with three more schools slated for 2026. Wichita Public Schools, in partnership with WSU Tech, is investing in Future Ready Centers, connecting students to real-world skills and career paths in aviation, health care, and advanced manufacturing. This K–12 and post-secondary alignment is the kind of collaboration that fuels long-term community success. Our education ecosystem isn't just responding to change, it's driving it. Why this matters for economic growth The labor challenges won't disappear. The demand exists, but that growth hinges on talent. Communities aligning education with industry will thrive, ensuring that talent pool, will thrive. That's where Wichita shines. 'The No. 1 cost to any business operation is the workforce. And when companies are considering a new facility or office, labor costs and capabilities are often at or near the top of their criteria.' said Andrew Nave, executive vice president, economic development at the Greater Wichita Partnership. 'Our educational institutions are helping drive our competitiveness for new investment and job creation every day.' Investing in education is investing in economic development. A more skilled workforce leads to higher-earning jobs, a stronger tax base, and a better quality of life for everyone. It all compounds into long-term, sustainable growth. Workforce readiness Workforce readiness isn't a buzzword, it's a commitment. At McCownGordon, we're proud to help clients build the future. Because it's not just about the next project. It's about building a region that attracts investment, retains talent, and inspires the next generation. And in Wichita, we're doing just that. McCownGordon was established to redefine the construction industry by prioritizing client needs. From the beginning, we built a team committed to transparency, long-term relationships, and a values-driven approach. Integrity, performance, and relationships have always been more than just words—they are the foundation of how we do business. Let's build.
Yahoo
3 days ago
- Business
- Yahoo
Bombardier Announces Closing of its New Issuance of Senior Notes due 2033
MONTRÉAL, May 29, 2025 (GLOBE NEWSWIRE) -- Bombardier Inc. ('Bombardier') today announced that it has successfully closed its previously announced offering of US$500 million aggregate principal amount of Senior Notes due 2033 (the 'New Notes'). The New Notes carry a coupon of 6.750% per annum, mature on June 15, 2033 and were sold at par. Bombardier intends to use the proceeds of the offering of the New Notes, together with cash on hand, (i) to fund the repayment and/or retirement of outstanding indebtedness, including the redemption of US$500 million aggregate principal amount of its outstanding 7.875% Senior Notes due 2027 (the '2027 Notes'), and (ii) to pay accrued interest and related fees and expenses. As of the date hereof, prior to giving effect to this redemption, there is US$683,142,000 aggregate principal amount outstanding of the 2027 Notes. The redemption is expected to be completed on June 13, 2025, in accordance with the notice of partial redemption that Bombardier issued on May 14, 2025. This press release does not constitute an offer to sell or buy or the solicitation of an offer to buy or sell any security and shall not constitute an offer, solicitation, sale or purchase of any securities in any jurisdiction in which such offering, solicitation, sale or purchase would be unlawful. The New Notes mentioned herein have not been and will not be registered under the United States Securities Act of 1933, as amended, any state securities laws or the laws of any other jurisdiction, and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements. The New Notes mentioned herein were offered and sold in the United States only to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A under the U.S. Securities Act and outside the United States in reliance on Regulation S under the U.S. Securities Act. The New Notes mentioned herein have not been and will not be qualified for distribution to the public under applicable Canadian securities laws and, accordingly, any offer and sale of the securities in Canada was made on a basis which is exempt from the prospectus requirements of such securities laws. The New Notes were offered and sold in Canada on a private placement basis only to 'accredited investors' pursuant to certain prospectus exemptions. Certain statements in this announcement are forward-looking statements based on current expectations. By their nature, forward-looking statements require us to make assumptions and are subject to important known and unknown risks and uncertainties, which may cause our actual results in future periods to differ materially from those set forth in the forward-looking statements For information Francis Richer de La FlècheVice President, Financial Planning and Investor Relations Bombardier +1 514 240 9649 Mark MasluchSenior Director, Communications Bombardier +1 514 855 7167Sign in to access your portfolio
The Market Online
3 days ago
- Business
- The Market Online
Buzz on the Bullboards: Bombardier vs Boeing, MediPharm 'under attack'
Even with Wall Street operating on a shortened schedule due to the Memorial Day holiday, the TSX has shown resilience—hitting fresh highs twice this week. This bullish momentum underscores the strength and diversity of Canadian equities, particularly in sectors like pharmaceuticals, aerospace, and advanced manufacturing. Among the standout performers are three companies capturing investor attention with bold moves and strategic milestones: MediPharm Labs, Bombardier, and PyroGenesis. MediPharm Labs (TSX:LABS, Forum), a pharmaceutical business in precision-based cannabinoids, has announced the commencement of production for its novel cannabis metered dose inhalers (MDIs) aimed at the European Union and United Kingdom markets. These discreet, smoke-free devices offer patients a fast-acting, pharmaceutical-grade alternative to traditional cannabis consumption methods. What the 'Buzz' Our Bullboards have up to 2 million pageviews a day. Get the inside scoop on conversations around the most significant trends and stock appreciations in our weekly wrap up. Get 'Buzz on the Bullboards' delivered to your inbox every third Thursday! Buzz on the Bullboards | Sign Up Here Manufactured under stringent Good Manufacturing Practices (GMP), the MDIs are distributed exclusively by Blackpoint Ltd., MediPharm's regional partner. The company has already launched the product in Canada and anticipates further rollouts in Australia, the EU, and the UK by Q3 2025. This expansion comes on the heels of a $4.5 million cash sale of its Hope facility, a move aimed at streamlining operations. However, internal turbulence looms. A proxy battle with dissident shareholder Apollo Technology Capital Corp. has raised concerns about governance and financial stability. Despite these headwinds, MediPharm reported an 11 per cent revenue increase in Q1, signaling operational momentum amid strategic uncertainty. MediPharm published a response, calling Apollo Capital 'dissidents' and they 'do not believe they are the well-intentioned and successful business leaders they portray themselves to be', saying the company is currently 'under attack'. Bombardier (TSX:BBD, Forum) has reached a major milestone in its Global 8000 program, with the first production aircraft completing its inaugural flight on May 16. Departing from the company's Aircraft Assembly Centre in Mississauga, Ontario, the flight marks a pivotal step toward the aircraft's entry into service in the second half of 2025. The Global 8000 is positioned as the next evolution of the Global 7500, offering a top speed of Mach 0.94 and an industry-leading range of 8,000 nautical miles. It's designed to connect global cities like Singapore to Los Angeles and London to Perth without refueling, while also offering access to shorter runways typically reserved for smaller jets. Inside, the aircraft redefines luxury with four true living spaces, a dedicated crew rest area, and the lowest cabin altitude in its class. With over 250,000 flight hours logged by the Global 7500, Bombardier's latest innovation is poised to capture a significant share of the ultra-long-range business jet market. Advanced materials innovator PyroGenesis (TSX:PYR, Forum) has secured a major endorsement from aerospace giant Boeing (NYSE:BA, Forum). The company's Ti64 'coarse' metal powder—used in additive manufacturing—has been officially approved and added to Boeing's qualified supplier list. This qualification is a significant validation of PyroGenesis' proprietary plasma atomization technology, which produces high-purity metal powders for 3D printing in aerospace and defense applications. The approval opens the door to broader adoption of PyroGenesis' materials in Boeing's manufacturing ecosystem, potentially unlocking new revenue streams and long-term contracts. As the aerospace industry increasingly turns to additive manufacturing for lightweight, high-performance components, PyroGenesis is well-positioned to benefit from this structural shift. These three TSX-listed companies—MediPharm Labs, Bombardier, and PyroGenesis—are each making headlines for different reasons, from product innovation and international expansion to strategic partnerships and shareholder activism. While the TSX continues to climb, investors would be wise to dig deeper into these stories, assess the risks and opportunities, and consider how these developments align with their investment goals. As always, thorough due diligence remains the cornerstone of smart investing. For previous editions of Buzz on the Bullboards, click here. Join the discussion: Find out what everybody's saying about these stock on Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
Yahoo
3 days ago
- Business
- Yahoo
BRP'S PRESIDENT AND CEO, JOSÉ BOISJOLI, TO RETIRE BY THE END OF THE FISCAL YEAR AFTER 22 YEARS AT THE HELM OF THE CORPORATION
VALCOURT, QC, May 29, 2025 /PRNewswire/ - BRP Inc. (TSX: DOO) (NASDAQ: DOOO) today announced that, after 22 years as President and Chief Executive Officer, José Boisjoli has informed the Board of Directors ("Board") of his intention to retire by the end of the fiscal year, at which time he will also step down from his role as Chair of the Board. During his tenure, Mr. Boisjoli spearheaded BRP's remarkable growth story, from a Bombardier spin-off to a publicly traded, global leading Powersports OEM. As part of an ongoing succession plan, BRP's Board is conducting a search for the Corporation's next President and CEO. Mr. Boisjoli will continue to lead BRP until the appointment of his successor. In 2003, Mr. Boisjoli, who was then President of the Snowmobile and Watercraft division of Bombardier, became President and CEO of BRP on the day it became a standalone company. Mr. Boisjoli laid out his vision for the making of BRP as we know it today. Under his leadership, the Corporation diversified its product portfolio, dealer and distributor network and manufacturing footprint, propelling its growth and more than tripling its revenue1. With seven product lines covering every single season, BRP's Powersports market share increased threefold1 over the past two decades: today, one out of every three products sold worldwide carries the BRP logo. "Leading BRP has never been a job: it's been a work of passion and a true honor," said José Boisjoli, President and CEO of BRP. "During my 36-year career at BRP, I have had the privilege to shape its DNA alongside brilliant minds and talented people who have relentlessly pushed the limits of innovation to offer the best experiences to our riding communities. Reflecting on my journey, I am proud that we have proven ourselves capable of changing the name of the game within the Powersports industry and built a strong organization that is well positioned for the long-term. I am grateful for everyone who contributed to BRP's success." "On behalf of the Board, I want to thank José for guiding BRP on a tremendous path of growth and diversification over the past 22 years, and for his stewardship of the business," said Barbara Samardzich, Lead Director of BRP's Board of Directors. "He has led with purpose and vision, implementing impactful strategies that have resulted in strong value creation and significant returns for shareholders. José has surrounded himself with a seasoned executive team and, together, they will continue driving the business plan and facilitate a smooth transition to a new CEO, when the time comes." In a separate press release issued today, BRP announced its financial results for the first quarter of fiscal year 2026. The Corporation will hold a conference call and live webcast to discuss these results at 9:00 a.m. Eastern Daylight Time, followed by its Annual and Special Meeting of Shareholders conducted by live webcast at 11:00 a.m. Forward-Looking Statements Certain statements included in this press release, including statements relating to the expected timeline for retirement and transition to a successor, statements relating to BRP's position for long-term success, and statements relating to the executive team and their ability to drive the business plan and facilitate a smooth transition, constitute "forward-looking statements" within the meaning of applicable securities laws. The words "may", "will", "would", "should", "could", "expects", "forecasts", "plans", "intends", "trends", "indications", "anticipates", "believes" "estimates", "outlook", "predicts", "projects", "likely" or "potential" or the negative or other variations of these words or other comparable words or phrases, are intended to identify forward-looking statements. Forward-looking statements, by their nature, involve inherent risks and uncertainties and are based on a number of assumptions, and are subject to important risks and uncertainties, both general and specific, made by the Company in light of its experience and perception of historical trends. Forward-looking statements cannot be relied upon due to, amongst other things, changing external events and general uncertainties of the business. Forward-looking statements are subject to numerous factors, many of which are beyond BRP's control, including the risk factors disclosed previously and from time to time in BRP's filings with the securities regulatory authorities in each of the provinces and territories of Canada and the United States, available on SEDAR+ at or EDGAR at respectively. The forward-looking statements contained in this press release are made as of the date of the press release (or as of the date they are otherwise stated to be made), and are subject to change after such date and the Company has no intention and undertakes no obligation to update or revise any forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, unless required by applicable securities regulations. About BRP BRP Inc. is a global leader in the world of powersports products, propulsion systems and boats built on over 80 years of ingenuity and intensive consumer focus. Through its portfolio of industry-leading and distinctive brands featuring Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on and off-road vehicles, Quintrex boats, Manitou pontoons and Rotax marine propulsion systems as well as Rotax engines for karts and recreational aircraft, BRP unlocks exhilarating adventures and provides access to experiences across different playgrounds. The Company completes its lines of products with a dedicated parts, accessories and apparel portfolio to fully optimize the riding experience. Committed to growing responsibly, BRP is developing electric models for its existing product lines. Headquartered in Quebec, Canada, BRP had annual sales of CA$7.8 billion from over 130 countries and employed approximately 16,500 driven, resourceful people as of January 31, 2025. @BRPNews Ski-Doo, Lynx, Sea-Doo, Can-Am, Rotax, Manitou, Quintrex, and the BRP logo are trademarks of Bombardier Recreational Products Inc. or its affiliates. All other trademarks are the property of their respective owners. _____________________ 1 All information with respect to the evolution of the Company since 2003 has been determined on the basis of internal calculations using the information reasonably available to BRP, including for the period of time during which the Company was private. View original content to download multimedia: SOURCE BRP Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
BRP'S PRESIDENT AND CEO, JOSÉ BOISJOLI, TO RETIRE BY THE END OF THE FISCAL YEAR AFTER 22 YEARS AT THE HELM OF THE CORPORATION
VALCOURT, QC, May 29, 2025 /CNW/ - BRP Inc. (TSX: DOO) (NASDAQ: DOOO) today announced that, after 22 years as President and Chief Executive Officer, José Boisjoli has informed the Board of Directors ("Board") of his intention to retire by the end of the fiscal year, at which time he will also step down from his role as Chair of the Board. During his tenure, Mr. Boisjoli spearheaded BRP's remarkable growth story, from a Bombardier spin-off to a publicly traded, global leading Powersports OEM. As part of an ongoing succession plan, BRP's Board is conducting a search for the Corporation's next President and CEO. Mr. Boisjoli will continue to lead BRP until the appointment of his successor. In 2003, Mr. Boisjoli, who was then President of the Snowmobile and Watercraft division of Bombardier, became President and CEO of BRP on the day it became a standalone company. Mr. Boisjoli laid out his vision for the making of BRP as we know it today. Under his leadership, the Corporation diversified its product portfolio, dealer and distributor network and manufacturing footprint, propelling its growth and more than tripling its revenue1. With seven product lines covering every single season, BRP's Powersports market share increased threefold1 over the past two decades: today, one out of every three products sold worldwide carries the BRP logo. "Leading BRP has never been a job: it's been a work of passion and a true honor," said José Boisjoli, President and CEO of BRP. "During my 36-year career at BRP, I have had the privilege to shape its DNA alongside brilliant minds and talented people who have relentlessly pushed the limits of innovation to offer the best experiences to our riding communities. Reflecting on my journey, I am proud that we have proven ourselves capable of changing the name of the game within the Powersports industry and built a strong organization that is well positioned for the long-term. I am grateful for everyone who contributed to BRP's success." "On behalf of the Board, I want to thank José for guiding BRP on a tremendous path of growth and diversification over the past 22 years, and for his stewardship of the business," said Barbara Samardzich, Lead Director of BRP's Board of Directors. "He has led with purpose and vision, implementing impactful strategies that have resulted in strong value creation and significant returns for shareholders. José has surrounded himself with a seasoned executive team and, together, they will continue driving the business plan and facilitate a smooth transition to a new CEO, when the time comes." In a separate press release issued today, BRP announced its financial results for the first quarter of fiscal year 2026. The Corporation will hold a conference call and live webcast to discuss these results at 9:00 a.m. Eastern Daylight Time, followed by its Annual and Special Meeting of Shareholders conducted by live webcast at 11:00 a.m. Forward-Looking Statements Certain statements included in this press release, including statements relating to the expected timeline for retirement and transition to a successor, statements relating to BRP's position for long-term success, and statements relating to the executive team and their ability to drive the business plan and facilitate a smooth transition, constitute "forward-looking statements" within the meaning of applicable securities laws. The words "may", "will", "would", "should", "could", "expects", "forecasts", "plans", "intends", "trends", "indications", "anticipates", "believes" "estimates", "outlook", "predicts", "projects", "likely" or "potential" or the negative or other variations of these words or other comparable words or phrases, are intended to identify forward-looking statements. Forward-looking statements, by their nature, involve inherent risks and uncertainties and are based on a number of assumptions, and are subject to important risks and uncertainties, both general and specific, made by the Company in light of its experience and perception of historical trends. Forward-looking statements cannot be relied upon due to, amongst other things, changing external events and general uncertainties of the business. Forward-looking statements are subject to numerous factors, many of which are beyond BRP's control, including the risk factors disclosed previously and from time to time in BRP's filings with the securities regulatory authorities in each of the provinces and territories of Canada and the United States, available on SEDAR+ at or EDGAR at respectively. The forward-looking statements contained in this press release are made as of the date of the press release (or as of the date they are otherwise stated to be made), and are subject to change after such date and the Company has no intention and undertakes no obligation to update or revise any forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, unless required by applicable securities regulations. About BRP BRP Inc. is a global leader in the world of powersports products, propulsion systems and boats built on over 80 years of ingenuity and intensive consumer focus. Through its portfolio of industry-leading and distinctive brands featuring Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on and off-road vehicles, Quintrex boats, Manitou pontoons and Rotax marine propulsion systems as well as Rotax engines for karts and recreational aircraft, BRP unlocks exhilarating adventures and provides access to experiences across different playgrounds. The Company completes its lines of products with a dedicated parts, accessories and apparel portfolio to fully optimize the riding experience. Committed to growing responsibly, BRP is developing electric models for its existing product lines. Headquartered in Quebec, Canada, BRP had annual sales of CA$7.8 billion from over 130 countries and employed approximately 16,500 driven, resourceful people as of January 31, 2025. @BRPNews Ski-Doo, Lynx, Sea-Doo, Can-Am, Rotax, Manitou, Quintrex, and the BRP logo are trademarks of Bombardier Recreational Products Inc. or its affiliates. All other trademarks are the property of their respective owners. _____________________ 1 All information with respect to the evolution of the Company since 2003 has been determined on the basis of internal calculations using the information reasonably available to BRP, including for the period of time during which the Company was private. View original content to download multimedia: SOURCE BRP Inc. View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
