Bombardier CEO sees significant growth of defense jets business By Reuters

© Reuters. FILE PHOTO: Bombardier logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration

MONTREAL (Reuters) – Bombardier (OTC:) Inc Chief Executive Officer Eric Martel said on Tuesday the company’s defense business involving special mission business jets could grow to a possible $1 billion in annual revenues from a ‘fraction’ of it right now.

“Today it’s a fraction … and we can see this growing quite significantly to become a billion, maybe even bigger than that,” Martel said at Aero Montreal’s international aerospace forum.

Martel did not specify a timeframe and the company does not disclose current revenues for its defense business.

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