Bombardier profits fall

Bombardier has reported a 28.6% drop in net income to $598 million during 2012, with revenues for the year falling 8.2% to $16.8 billion. The manufacturer recorded a $119 million restructuring charge due to the closure of its Aachen plant in Germany. “Our results for 2012 are not reflective of our potential,” Bombardier president and CEO Pierre Beaudoin said. “After proving our resilience throughout the economic crisis, today, Bombardier is at a turning point. With our outstanding backlog of $66.6 billion, an increase of 19% over last year, we’re forging ahead with breakthrough products and expanding our reach in pivotal