|Bid||2.1400 x 0|
|Ask||2.1500 x 0|
|Day's Range||2.1000 - 2.1500|
|52 Week Range||1.5300 - 3.0300|
|Beta (3Y Monthly)||1.74|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2.19|
Bombardier’s multi-award winning Global 7500 business jet added another prestigious award to its growing list of accolades. The industry flagship is the 2019 recipient of the Ontario Professional Engineers Award (OPEA) for Engineering Project or Achievement, which is presented annually to a major project developed with significant input by Ontario engineers.
De Havilland signed a letter of intent with Dubai-based Palma during the Dubai Airshow, which runs between Nov. 17-21. If finalized, the deal would be a record single-order for the turboprop from a lessor, De Havilland vice president sales & marketing Philippe Poutissou told Reuters.
Michael Ott has been named the 2019 winner of the prestigious Bombardier Safety Standdown Award, as selected by the Safety Standdown Advisory Council members. Captain Ott, who is Director of Government Contracting as well as lead international captain/instructor pilot for worldwide air ambulance provider Phoenix Air Group, Inc., accepted the award at the 23rd annual Bombardier Safety Standdown on November 13, 2019, during a gala awards dinner.
This month, we saw the Bombardier Inc. (TSE:BBD.B) up an impressive 32%. But that doesn't change the fact that the...
Bombardier’s 23rd annual Safety Standdown, one of the most comprehensive safety conferences in the aviation industry, is set for November 12-14 in Fort Worth, Texas. This year’s theme, “Elevate Your Standards,” prompts aviation professionals and organizations to establish new standards to put them on the path to a safer, more productive future.
(Bloomberg) -- Bombardier Inc. agreed to sell a wing factory in Northern Ireland and two other facilities to Spirit AeroSystems Holdings Inc. for $500 million and the assumption of certain liabilities.The Belfast operation makes wings for Airbus SE’s A220 jetliner, an aircraft that cash-strapped Bombardier developed before handing control last year to the European planemaker. The deal also covers a plant in Morocco and a maintenance, overhaul and repair shop in Dallas, Bombardier and Spirit said Thursday.The sale caps Bombardier’s exit from the airliner business as Chief Executive Officer Alain Bellemare refocuses the manufacturer on building private jets and trains. For Spirit, buying the Belfast plant will expand its role as an Airbus supplier and lessen its dependence on Boeing Co. and the 737 Max, which has been grounded for more than seven months after two deadly crashes.“This acquisition is in line with our growth strategy of increasing Airbus content, developing low-cost country footprint, and growing our aftermarket business,” said Spirit CEO Tom Gentile. “The Bombardier operations bring world-class engineering expertise to Spirit and add to a strong track record of innovation, especially in advanced composites.”The acquired operations have more than 4,000 employees and expected 2019 revenue of about $1 billion, Spirit said. Their backlog of work includes supply contracts for the A220 and Airbus’s A320neo, as well as for business and regional jets made by Montreal-based Bombardier.The Canadian company’s shares surged 10% to C$1.75 at 9:41 a.m. in Toronto after advancing as much as 12% for the biggest intraday gain in almost five months. Bombardier jumped even after third-quarter financial results fell short of analysts’ expectations. Spirit, which also missed earnings estimates, climbed 3.7% to $81.99. As part of the agreement, Spirit said it would assume about $300 million in net pension liabilities, and approximately $290 million of government grant repayment obligations, bringing the total value of the transaction to $1.09 billion. That’s 10 times the estimated earnings before interest, taxes, depreciation and amortization of the acquired businesses, Spirit said.The Wichita, Kansas-based company will also make a cash contribution of about $130 million toward pension liabilities. The deal, which is subject to regulatory approval, is expected to close in the first half of next year.To contact the reporter on this story: Anurag Kotoky in New Delhi at firstname.lastname@example.orgTo contact the editors responsible for this story: Brendan Case at email@example.com, Susan WarrenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Bombardier Inc said on Thursday it would meet a key 2019 target and announced a deal worth more than $1 billion with Spirit Aerosystems, sending shares up nearly 7% despite reporting it burned more cash than expected. Montreal-based Bombardier is in the middle of a restructuring, shedding underperforming commercial plane programs to focus on more profitable business jet and rail units. The company spent more cash than expected during the third quarter while bringing its flagship corporate jet to market and amid project delivery delays in its key rail business, the company's largest division by revenue.
Bombardier Inc said on Thursday it would meet a key 2019 target and announced a deal worth more than $1 billion with Spirit Aerosystems , sending shares up nearly 7% despite reporting it burned more cash than expected. Montreal-based Bombardier is in the middle of a restructuring, shedding underperforming commercial plane programs to focus on more profitable business jet and rail units. The company spent more cash than expected during the third quarter while bringing its flagship corporate jet to market and amid project delivery delays in its key rail business, the company's largest division by revenue.
Bombardier (BBD-B.TO) today announced a definitive agreement to sell its aerostructures business to Spirit AeroSystems Holding, Inc. (Spirit), supporting Bombardier’s strategic decision to focus on its two strong growth pillars, trains and business aircraft. With this transaction, Spirit will acquire Bombardier’s aerostructures activities and aftermarket services operations in Belfast, U.K.; Casablanca, Morocco; and its aerostructures maintenance, repair and overhaul (MRO) facility in Dallas, U.S. for a cash consideration of $500 million and the assumption of liabilities with a total carrying value in excess of $700(2) million, including government refundable advances and pension obligations. Following the transaction, Spirit will continue to supply structural aircraft components and spare parts to support the production and in-service fleet of Bombardier Aviation’s Learjet, Challenger and Global families of aircraft.
Consolidated revenues of $3.7 billion, representing 8% organic growth(1)Consolidated adjusted EBITDA(2) and adjusted EBIT(2) of $255 million and $159 million, respectively; $143.
MONTREAL, Oct. 30, 2019 -- Bombardier (TSX: BBD.B) will publish its financial results for the third quarter of 2019 on Thursday, October 31, 2019 and hold a live.
MONTREAL, Oct. 24, 2019 -- Bombardier (TSX: BBD.B) will publish its financial results for the third quarter of 2019 on Thursday, October 31, 2019 and hold a live.
Bombardier today announced it will be collaborating with NBAA Spirit Award Winner Captain Barrington Irving to develop a comprehensive program that will fuel the talent pipeline at Bombardier’s five U.S. based service centers. Over the coming months, Bombardier and Captain Irving will work to develop a comprehensive curriculum and outreach program to inspire the next generation of A&P technicians across America. “We are committed to ensuring our customers receive the best customer experience possible and this new relationship with NBAA Spirit Award Winner Captain Barrington Irving will help us develop a solid training base of technicians across our growing service centre network,” said Jean-Christophe Gallagher, Vice President and General Manager, Customer Experience, Bombardier Business Aircraft.
Following the dramatic unveiling of the Global 5500 and Global 6500 aircraft in 2018 at the European Business Aviation Convention in Geneva, Bombardier debuted less than 18 months later, the all-new Global 6500 aircraft, the latest addition to the award-winning and record-breaking Global family, at NBAA-BACE in Las Vegas, Nevada. Joining the Global 6500 aircraft, is a stellar lineup of Bombardier aircraft on static display, including the industry flagship, Global 7500 aircraft.
Bombardier today announced a Preferred Service Provider (PSP) agreement with GE Aviation. As of today, GE will power Bombardier’s cockpit and cabin connectivity solutions – including new, curated, service bundles that will simplify the selection of cockpit and cabin services with tip-to-tail solutions for new and in-service aircraft. This agreement is a first step toward the launch of Bombardier’s comprehensive Smart Link Plus connected aircraft program.
New Smart Services APU offering provides increased cost coverage for flagship Global 7500, giving customers increased peace of mindUnder Smart Services portfolio of programs,.
New Line Maintenance Stations will bring to 11 the total worldwide and provide enhanced service capabilities in the U.S. MONTREAL, Oct. 21, 2019 (GLOBE NEWSWIRE) -- Bombardier is pleased to announce that it is launching a pair of Line Maintenance Stations at two strategically important locations – Teterboro Airport in New Jersey and Van Nuys Airport in California – further complementing the tip-to-tail maintenance services provided by Bombardier’s Service and Support Network in the U.S. and around the globe.
Bombardier announced today a range increase for its latest Global 5500 business jet. The class-leading aircraft now boasts an unprecedented range of 5,900 nautical miles at Mach 0.85, connecting more destinations than any other business aircraft in its segment. “We are thrilled to offer this extended range to our customers,” said David Coleal, President, Bombardier Aviation.