Bombardier (TSE: BBD.B) announced today that it reached a long-term partnership agreement with leading IT consulting firm IBM to support the global integration of Information Technology services across Bombardier Transportation and the Company’s aerospace segments.
“As part of our turnaround plan, Bombardier is working to improve productivity, reduce costs and grow earnings. The IT transformation initiative announced today will help us better integrate globally to create a best-in-class IT organization,” said Sean Terriah, Chief Information Officer, Aerospace and Corporate Office, Bombardier. “We will transform our service delivery model to focus on our core competencies, and leverage the best practices of our strategic partner across our infrastructure and operations.”
The new six-year deal valued at approximately $700 million spans 47 countries and is expected to generate recurring savings, providing a solid foundation to drive efficiency within Bombardier’s global IT organization.
Bombardier is the world’s leading manufacturer of both planes and trains. Looking far ahead while delivering today, Bombardier is evolving mobility worldwide by answering the call for more efficient, sustainable and enjoyable transportation everywhere. Our vehicles, services and, most of all, our employees are what make us a global leader in transportation.
Bombardier is headquartered in Montréal, Canada. Our shares are traded on the Toronto Stock Exchange (BBD) and we are listed on the Dow Jones Sustainability North America Index. In the fiscal year ended December 31, 2016, we posted revenues of $16.3 billion. News and information are available at bombardier.com or follow us on Twitter @Bombardier.
Bombardier is a trademark of Bombardier Inc.
| Simon Letendre
Senior Advisor, Media Relations and Public Affairs
+514 861 9481
| Patrick Ghoche
Vice President, Investor Relations
+514 861 5727
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