Mr. Jean-Christophe Gallagher reports

BOMBARDIER DEFENSE ANNOUNCES ORDER OF TWO CHALLENGER 650 AIRCRAFT DESTINED FOR INTELLIGENCE, SURVEILLANCE AND RECONNAISSANCE MISSIONS IN AUSTRALIA

Principle Finance, a renowned provider of a customized operating lease for aircraft in Australia, has acquired two Bombardier Challenger 650 aircraft of Bombardier Inc.'s Bombardier Defense, destined for intelligence, surveillance and reconnaissance missions in Australia. The delivery of both aircraft is planned for 2026.

"This purchase represents a major milestone for Bombardier Defense, increasing our presence in Australia and the Asia Pacific region. Our aircraft are the platform of choice not only due to their reach, persistence and performance, but also due to the large accessibility of our services and support ecosystem in the country," said Jean-Christophe Gallagher, executive vice-president, aircraft sales, Bombardier Defense. "This represents an undeniable advantage and flexibility to operators."

"We are excited to integrate the Bombardier Challenger 650 into our fleet, leveraging its exceptional performance and reliability, which will play a crucial role in our future operations. This platform allows us to enhance our surveillance reach and effectiveness, ensuring we stay ahead in the rapidly evolving defence landscape," said Harrison Langrell, managing director of Principle Finance.

Bombardier's high performing Challenger 650 aircraft are appreciated for their outstanding short-field performance and proven reliability in the mid-sized jet category. The aircraft configured for business jet use can achieve an endurance of up to 11 hours, with a dispatch reliability of over 99.9 per cent and an impressive range of 4,000 nanometres (7,408 kilometres). Challenger 650 aircraft are also considered an ideal choice for ISR missions by flying higher, faster and farther than legacy airborne platforms, ensuring the coverage of expansive territories and offering performance comparable with large maritime patrol aircraft at fractions of their purchase and operating costs. This aircraft offers the right flexibility to complete missions in challenging environments, with an optimal payload capacity for customized mission-specific equipment, a strategic advantage for next-generation solution development.

Bombardier's Australian footprint has seen a considerable increase over the past few years. The company recently announced a new line maintenance station in Perth, bringing the total worldwide LMS presence to 10. The service and support ecosystem in the country began with the opening of the Melbourne service centre in 2022, allowing the company to better serve the existing fleet in the region. In May of 2024, Bombardier Defense opened its first international office in Adelaide, Australia, to provide an enhanced level of service to its special mission customers in this important Asia Pacific market.

On top of providing exceptional platforms, Bombardier Defense has dedicated in-house engineering and support teams available 24-seven worldwide. Bombardier Defense's teams also have the ability to incorporate modifications tailored to the customers' needs with complete certification capabilities across the full spectrum of civilian, military and hybrid operations. Bombardier brings decades of experience working with special mission operators and renowned mission system integrators to adapt its proven platform for critical operations worldwide.

To promote the expanding presence in the region, members of the Bombardier Defense and Bombardier customer service and support teams are attending the Avalon Airshow and will be present at the Chalet No. E22 in Avalon, Australia, until March 30, 2025.

About Bombardier Inc.

At Bombardier, it designs, builds, modifies and maintains the world's best-performing aircraft for the world's most discerning people, and businesses, governments and militaries. That means not simply exceeding standards, but understanding customers well enough to anticipate their unspoken needs.

For them, it is committed to pioneering the future of aviation -- innovating to make flying more reliable, efficient and sustainable. It is passionate about delivering unrivalled craftsmanship and care, giving its customers greater confidence and the elevated experience they deserve and expect because people who shape the world will always need the most productive and responsible ways to move through it.

Bombardier customers operate a fleet of more than 5,100 aircraft, supported by a vast network of Bombardier team members worldwide and 10 service facilities across six countries. Bombardier's performance-leading jets are proudly manufactured in aerostructure, assembly and completion facilities in Canada, the United States and Mexico. In 2024, Bombardier was honoured with the prestigious Red Dot: best of the best award for brands and communication design.