|Bid||1.7100 x 0|
|Ask||1.7200 x 0|
|Day's Range||1.6700 - 1.7200|
|52 Week Range||1.5300 - 4.7850|
|Beta (3Y Monthly)||1.51|
|PE Ratio (TTM)||19.00|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2.42|
Mobility solution provider Bombardier Transportation and Dresden’s transport authority Dresdner Verkehrsbetriebe (DVB), have signed a contract to supply and maintain 30 BOMBARDIER FLEXITY trams, equipped with the Obstacle Detection and Assistance System (ODAS) for preventing collisions. The contract also includes the FlexCare maintenance management system for a 24-year period.
New contract reaffirms long-standing relationships with Abellio and with Eversholt Rail Derby Etches Park depot to maintain Bombardier Class 222s for East Midlands Railway.
BERLIN, Aug. 13, 2019 -- Bombardier Transportation has issued an update to the press release published on Monday August 5, 2019 regarding the contract to supply and operate two.
(Bloomberg) -- Indonesia’s anti-corruption agency detained Emirsyah Satar, the former head of PT Garuda Indonesia, as part of a long-running probe into suspected corruption involving the procurement of aircraft and engines.Satar is suspected of money laundering and will be held for 20 days, the agency said in a statement. It also detained an Indonesian businessman for the same suspected violation.Satar was given cash and other gifts by the man, who received commissions from manufacturers, the agency alleged. While acknowledging that he received money, Satar denies any money-laundering allegations as he thought the funds were merely a form of gratitude, his lawyer Luhut Pangaribuan said.“After the investigation started, he realized that as a state employee he should not have received anything, so he returned the money,” Pangaribuan said in a text message.The probe relates to Garuda’s procurement of Airbus SE A330 and A320 jets, ATR 72-600 turboprops, Bombardier Inc. CRJ 1000 regional aircraft and Rolls-Royce Holdings Plc engines when Satar led the state-owned airline, according to the anti-corruption agency. The organization is known in Indonesia as KPK, short for Komisi Pemberantasan Korupsi.Satar has been credited by analysts for helping to revive the carrier when he was CEO and president director from 2005 through 2014.Indonesia Names Ex-Garuda CEO as Suspect in Corruption Case (2)KPK said it has confiscated a house in Jakarta, while authorities in Singapore seized an apartment and blocked various bank accounts of Satar in the city state. The Indonesian agency also suspects the involvement of several foreign manufacturers in the case and said it is open to cooperation with various authorities abroad.KPK spokesman Febri Diansyah didn’t reply to text messages asking if Airbus, Rolls-Royce, Bombardier and ATR are being investigated. Calls to his mobile phone weren’t answered.A spokesman for Airbus said the company is unable to comment on pending investigations. A Rolls-Royce spokesman said: “We note the announcement from KPK about legal proceedings, in which we are not involved, against a number of individuals and will not be commenting further.”A representative for ATR, short for Avions de Transport Régional, had no immediate comment, while spokespeople for Bombardier couldn’t be reached.(Adds responses from manufacturers starting in the ninth paragraph.)\--With assistance from Christopher Jasper and Benjamin Katz.To contact the reporters on this story: Harry Suhartono in Jakarta at email@example.com;Tassia Sipahutar in Jakarta at firstname.lastname@example.orgTo contact the editors responsible for this story: Young-Sam Cho at email@example.com, Ville Heiskanen, Angus WhitleyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
A consortium led by Bombardier Inc said on Monday it had won a contract to build and operate two monorail lines in Egypt for more than $4.5 billion. The project, for which Bombardier's rail division had emerged as the preferred bidder, would be its largest in recent years, with the company having a $2.85 billion share of the contract. Orascom Construction will have a share of about $900 million.
EGX: ORAS) and Arab Contractors have signed an agreement today with National Authority for Tunnels in Cairo to design and build two new monorail lines in Egypt. On completion of the construction phase, the consortium will be responsible for the Operation and Maintenance (O&M) of both lines for 30 years.
(Bloomberg) -- Bombardier Inc. plunged to an eight month-low after new costs in its troubled rail-equipment division forced the company to cut its 2019 financial forecasts.Additional outlays of as much as $300 million are needed to complete late-stage train projects and meet delivery schedules, Bombardier said in an earnings release Thursday. The company predicted free cash flow usage of $500 million, burning at least twice as much as its previous forecast.Bombardier is struggling to right its rail business, which already prompted the company to reduce its 2019 outlook in April. The latest woes are marring Chief Executive Officer Alain Bellemare’s effort to turn matters around by exiting commercial-aircraft manufacturing to focus on making private jets and trains.“This transformation now appears to be in extra innings,” Credit Suisse analyst Robert Spingarn said on a conference call.The shares dropped 12% to C$1.99 at 11:44 a.m. in Toronto after tumbling to C$1.78, the lowest intraday since November. Bombardier advanced 12% this year through Wednesday, trailing the 22% gain of a Standard & Poor’s index of Canadian industrial stocks.Bombardier’s $2 billion of 7.875% bonds due 2027 traded as low as 97.5 cents, the lowest since June 4, according to Trace prices.More RiskThe company can’t rule out additional risk to its train-delivery timetable, Chief Financial Officer John Di Bert said on the call. Bombardier has made high-profile stumbles on transit projects in New York and Toronto and on a railroad contract in Switzerland.Analysts expressed frustration as executives side-stepped whether Bombardier will meet margin targets or generate positive free cash flow in the near term.“Why should anybody believe this is an 8% margin business sustainably?” asked Noah Poponak, an analyst at Goldman Sachs. “What’s to say there won’t be more contracts that are a problem three years from now?”Bellemare asserted that Bombardier’s fundamentals are solid. Di Bert said he was confident the company would generate sustainable earnings and cash flows but didn’t make a guarantee for 2020.Bombardier pared its 2019 revenue to between $16.5 billion to $17 billion from no less than $17 billion previously.The Montreal-based company said it would consolidate its three aerospace units into a single one called Bombardier Aviation, focused on making private jets.The maker of trains and planes recently sold its turboprop operation to De Havilland Aircraft of Canada Ltd., and agreed to sell its CRJ regional-jet business to Mitsubishi Heavy Industries Ltd. Last year, it handed control of its C Series jetliner program to Airbus SE, which renamed the aircraft the A220.(Updates with analyst’s comment in fourth paragraph. An earlier version of this story corrected the currency on the chart.)\--With assistance from Sandrine Rastello and Paula Sambo.To contact the reporters on this story: Jack Pitcher in New York at firstname.lastname@example.org;Esteban Duarte in Toronto at email@example.comTo contact the editors responsible for this story: Brendan Case at firstname.lastname@example.org, Tony RobinsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Bombardier Inc on Thursday lowered its full-year core earnings and free cash flow forecasts, and reported a quarterly loss, as the Canadian plane and train maker wrestles with challenges in its important rail division. Montreal-based Bombardier is in the middle of a broader restructuring, shedding underperforming commercial plane programs to focus on its more profitable business jet and rail units. The rail division is Bombardier's largest by revenue.
The company also lowered its full-year forecast for earnings before interest and taxation (EBIT), another closely watched measure, in the rail division. Bombardier shares were down 18% at C$1.86, well below the broader Canadian share index, which was down 0.2%.
Consolidated revenues of $4.3B, representing 9% organic growth(1), driven mainly by higher aircraft deliveries and aftermarket growthAdjusted EBITDA(2) and adjusted EBIT(2) of.
MONTREAL, July 31, 2019 -- Bombardier (TSX: BBD.B) will publish its financial results for the second quarter of 2019 on Thursday, August 1, 2019 and hold a live.
MONTREAL, July 26, 2019 -- Bombardier (TSX: BBD.B) will publish its financial results for the second quarter of 2019 on Thursday, August 1, 2019 and hold a live.
Tanzania's government will buy two new Airbus jets and one plane from Bombardier Inc as part of a fleet expansion plan for the national flag carrier, the president said on Thursday. President John Magufuli has personally taken charge of the revival of Tanzania's loss-making state carrier Air Tanzania Company Limited (ATCL), spending hundreds of millions of dollars purchasing eight new planes since 2016.
Tanzania's government will buy two new Airbus jets and one plane from De Havilland Canada as part of a fleet expansion plan for the national flag carrier, the president said on Thursday. President John Magufuli has personally taken charge of the revival of Tanzania's loss-making state carrier Air Tanzania Company Limited (ATCL), spending hundreds of millions of dollars purchasing eight new planes since 2016. President Magufuli "has already issued instructions for the purchase of three additional planes (two Airbus jets and one De Havilland) to expand air services and improve tourism," the president's office said in a statement.
Global 7500 aircraft is the most spacious purpose-built business jet to operate out of Gstaad’s Saanen airport in Switzerland, where it was on display earlier this month before.
BERLIN, July 08, 2019 -- Mobility technology leader Bombardier Transportation announced today that it has signed a contract variation for rolling stock at the end of June 2019.
Mitsubishi Heavy Industries will buy the remnants of the CRJ regional jet program in order to gain control of Bombardier's global sales, service, and support networks.
Mobility technology leader Bombardier Transportation announced today that it has signed a new contract with the City and County of San Francisco to provide ten years of operations and maintenance services for the BOMBARDIER INNOVIA APM 100 automated people mover (APM) system at San Francisco International Airport (SFO). The contract is valued at $220 million US (193 million euro) and includes an option for an additional five years.