Bombardier Inc. is a Canadian manufacturer of aircraft and rail transportation equipment and systems. Exhibit 10.17 contains an excerpt from Note 42 of the company’s 2020 annual report detailing Bombardier’s contingencies.

Required
Explain, in your own words, what Bombardier is saying in this note disclosure. Be sure to discuss the financial impacts this litigation could have on the company if a future judgement went against the company.

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Legal proceedings In the normal course of operations, the Corporation is a defendant in certain legal proceedings before various courts or other tribunals including in relation to product liability and contractual disputes with customers and other third parties. The Corporation's approach is to vigorously defend its position in these matters.