Bombardier signs USD 700m multi-year contract with IBM

Bombardier (TSE: BBD.B) is extending its long-term partnership with IBM (NYSE: IBM) through a new six-year deal valued at approximately USD 700m, which includes IBM Services and IBM Cloud management of Bombardier´s worldwide IT infrastructure and operations, IBM said.

The services management agreement spans 47 countries and represents one of IBM´s largest cloud partnerships in Canada.

IBM Watson, available only on the IBM Cloud, provides enterprise-grade machine learning, artificial intelligence, and cognitive technologies.

Montréal, Canada-based Bombardier (TSX: BBD) is a manufacturer of both planes and trains. Together with its subsidiaries, it manufactures and sells transportation equipment worldwide. The company operates in four segments: business aircraft, commercial aircraft, aerostructures and engineering services, and transportation. In the fiscal year ended December 31, 2016, the company posted revenues of USD 16.3bn.

IBM Global Technology Services (GTS) offers end-to-end IT consulting and business services supported by a global delivery network. GTS, a cloud services integrator, is modernizing clients´ IT environments to help them meet increasingly complex customer demands.