Bombardier (OTC: BDRBF) Invests $50 Million in Wichita Operations, Receives National Bank Upgrade

• Bombardier is investing approximately $50 million to expand its Wichita, Kansas, operations, focusing on technician training and aircraft service capabilities.
• The investment includes the establishment of a new North American Learning Center and an expansion of the Wichita Wheel and Tire Shop.
• National Bank has upgraded Bombardier's stock from Sector Perform to Outperform.

Bombardier (OTC: BDRBF) makes business jets and provides aircraft maintenance and support. As highlighted by GlobeNewswire, Bombardier announces an approximately $50 million investment in its Wichita, Kansas, operations to expand technician training, site infrastructure and aircraft-service capabilities.

The investment includes Bombardier’s new North American Learning Center, its first dedicated in-house training center for newly hired aircraft technicians and mechanics across the U.S. Training workers at the Wichita site supports the company’s ability to service customers’ aircraft.

Bombardier also expands its Wichita Wheel and Tire Shop to increase its capacity to repair and overhaul aircraft components. Executive vice president Paul Sislian says the projects strengthen the site’s expertise and customer service. Kansas Governor Laura Kelly says Bombardier employs 1,500 people in the state.

National Bank upgrades Bombardier from Sector Perform to Outperform. The stock trades at approximately $207.18 when the upgrade is posted. The release does not report a stock-price movement tied to the Wichita announcement.

Bombardier has a price-to-earnings ratio of 23.48, meaning its share price is 23.48 times annual earnings per share. Its price-to-sales ratio is 1.94, while enterprise value—which includes debt—is 2.21 times sales and 9.05 times operating cash flow. Its earnings yield is 4.35%. A debt-to-equity ratio of -6.23 reflects negative shareholder equity; its current ratio of 1.13 compares short-term assets with short-term liabilities.