BOMBARDIER HAS revealed, that sales from its aerospace operations soared by one-third over the last financial year and now account for just over half, of the Canadian transport group's business.
The aerospace business, which includes Canadair, de Havilland, Learjet and Short Brothers, saw sales reach C$3 billion ($2.1 billion) in the financial year to the end of January 1995.
Profits grew less dramatically, with the pre-tax result rising by 3.6%, to C$141 million. The group says that fewer Learjet 30-series business jets were sold than had been planned.
Sales from the defence business also rose by nearly one-third, to around C$430 million, but ducked below break-even to give a pre-tax loss of C$1.3 million. The loss is blamed on the scaling down of the Shorts missile operation.
The fast-expanding aerospace business now accounts for just over half of Bombardier's group sales, which ended the year a shade below C$6 billion. The traditional ski mobile and railway-equipment businesses showed the sharpest profits growth.
Source: Flight International