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Stocks in play: Bombardier Inc

Baystreet.ca
Updated
Said its commercial aircraft division announced has signed a letter of intent (LOI) for up to 24 CS300 ...

Said its commercial aircraft division announced has signed a letter of intent (LOI) for up to 24 CS300 aircraft with EgyptAir Holding Company, of Cairo. This includes 12 CS300 aircraft with purchase rights for an additional 12 aircraft. Based on the list price of the CS300 airliner, a firm-order contract would be valued at approximately $1.1 billion U.S. Should EgyptAir also exercise the 12 purchase rights for CS300 aircraft, the contract value would increase to nearly $2.2 billion U.S. Bombardier Inc