Bombardier Contributed $7.4 Billion to Canadian GDP in 2024, PwC Study Shows

Executive Summary

• Bombardier released a PwC Canada study detailing its economic contributions to Canada for 2024, highlighting a $7.4 billion GDP contribution and support for nearly 50,000 jobs.
• The company reported 2024 financial performance of $11.5 billion in revenue and 146 business aircraft deliveries, while projecting 2025 revenues to exceed $12.2 billion.
• Forward-looking statements indicate an expected $39.6 billion contribution to Canada’s GDP between 2025 and 2029, supported by planned R&D investments.

Key Details

• 2024 Economic Impact:
  • Total contribution to Canada’s GDP: $7.4 billion.
  • Total supported jobs (direct, indirect, and induced): Close to 50,000.
  • Government revenues (taxes on income, products, and production): Over $1.2 billion.
  • Export contribution: Output value represented approximately 1% of total Canadian exports; aircraft exports made up 5% of Quebec’s total export value.
• Employment Statistics:
  • Direct employees: Nearly 12,200.
  • Supplier network: Over 1,550 Canadian suppliers.
  • Quebec employment: Supported nearly 10,000 direct jobs, representing more than 31% of the province's aerospace sector employment.
  • Ontario operations: State-of-the-art manufacturing centre at Pearson airport (inaugurated 2024) employs close to 2,200 team members.
• 2024 Operational Performance:
  • Revenue: $11.5 billion.
  • Aircraft deliveries: 146 business aircraft.
• 2025 Projections & Guidance:
  • Projected 2025 Revenue: Greater than $12.2 billion (in line with earlier guidance).
  • Projected 2025-2029 GDP Contribution: $39.6 billion.
  • Projected Annual Average Jobs (2025-2029): Over 51,500 direct, indirect, and induced full-time jobs.
  • Projected R&D GDP Contribution (2024-2029): $3.2 billion, driven by capital investments and prototype development/testing.
• Report Details:
  • Commissioned by Bombardier and conducted by PwC Canada.
  • Previous report conducted in 2022.

Notable Quotes

• “Bombardier continues to be a key driver of the Canadian economy through its nearly 12,200 employees and over 1,550 suppliers across the country,” said Éric Martel, President and CEO, Bombardier. “Our work not only fuels economic growth — it also plays a vital role in reinforcing Canada’s sovereignty through innovation, homegrown expertise in aircraft production and maintenance, and critical contributions to the nation’s defence industrial strategy.”