Canada's Bombardier is the world's only manufacturer of both planes and trains (but no automobiles). The company's Aerospace division manufactures business (Learjet), commercial (CSeries), and amphibious military (Bombardier 415) aircraft, while overseas its Germany-based Transportation division manufactures rail vehicles, including monorails, light rails, metros, commuter trains, high-speed trains (including the very high speed ZEFIRO), and locomotives. Both are industry-leading businesses. A third division, Flexjet, offers fractional jet ownership and charter services.
Over the next decade, industry forecasts show sustained growth in business and commercial aircraft markets. As a result, Bombardier's Aerospace unit continues to invest in and develop new state-of-the art aircraft lines, such as its CSeries commercial aircraft family, which is aiming to be the world's greenest and most fuel efficient mainliner.
The Aerospace division made one of its largest business aircraft sales in its history in late 2012 when luxury aviation company VistaJet signed a deal for up to 142 Global family business jets for $7.8 billion if all options are exercised. Deliveries of these aircraft will begin in 2014. Prior to that in mid-2012, Bombardier Aerospace won another landmark business jet order from NetJets for a whopping $7.3 billion.
On the rail transportation side, demand for sturdy and efficient trains continues to be driven by urban and suburban development worldwide, as well as ongoing demand for reliable public transportation. In South America's largest metropolis, Sao Paulo, Brazil, Bombardier's Transportation division is undertaking a notable project to build the world's largest largest mass transit monorail to deal with the city's congestion. The monorail is due to begin operating in early 2014. The project is part of a broader effort by Bombardier to gain a stronger foothold in emerging markets with high growth potential; others include China, India, and Russia.
Bombardier's Transportation division is actively involved in China's development of urban mass transit and advanced rail networks. Demand is strong there as the growing popularity of rail transportation is actually eating into the profits of regional aviation companies. Bombardier Transportation has three joint ventures in China, as well as several wholly owned foreign enterprises and offices in Beijing, Guangzhou, Shanghai, and Hong Kong. One of its key contracts is a $4 billion order from China's Ministry of Railways (MOR) to deliver of several different types of ZEFIRO very high speed trains.
The company is controlled by the Bombardier family.
Bombardier engineers and industrial designers spent two years designing the Vancouver 2010 Olympic torch. To ensure the flame would not extinguish in temperatures reaching minus 36 degrees Celsius (minus 96.8 degrees Fahrenheit), the company blended propane and isobutane, a mixture that supports fire at extremely cold temperatures. It manufactured 12,000 torches, each with a side vent to allow the flame to unfurl like a flag.