|Bid||2.4100 x 0|
|Ask||2.4200 x 0|
|Day's Range||2.2100 - 2.4200|
|52 Week Range||1.5850 - 5.5800|
|Beta (3Y Monthly)||1.40|
|PE Ratio (TTM)||15.29|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2.82|
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Mobility technology leader Bombardier Transportation has received an order to supply 30 additional BOMBARDIER FLEXITY trams to the Brussels Intercommunal Transportation Company (STIB) in Belgium. Thomas Ryckalts, President of the STIB Board, said, “After a first order for 60 new trams, the STIB board took a decision in favor of our passengers by ordering 30 additional trams.
Some of the most active companies traded Monday on the Toronto Stock Exchange:Toronto Stock Exchange (16,353.45, up 51.54 points).Whitecap Resources Inc. (TSX:WCP). Energy. Down 12 cents, or 2.9 per cent, to $4.02 on 13.4 million shares.Bombardier Inc. (TSX:BBD.B). Industrials. Up 22 cents, or 10.09 per cent, to $2.40 on 12.2 million shares.RNC Minerals. (TSX:RNX). Materials. Up five cents, or 10.9 per cent, to 51 cents on 7.6 million shares.Enbridge Inc. (TSX:ENB). Energy. Down 31 cents, or 0.67 per cent, to $45.94 on 7 million shares.Manulife Financial Corp. (TSX:MFC). Financials. Down nine cents, or 0.39 per cent to $23.23 on 6.1 million shares.Trevali Mining Corp. (TSX:TV). Materials. Down 1.5 cents, or 5.56 per cent, to 25.5 cents on 5.5 million shares. Companies in the news:SNC-Lavalin Group Inc. (TSX:SNC). Up 38 cents to $25.90. SNC-Lavalin says its Atkins business has won a contract to design track upgrades for Network Rail in the United Kingdom. The company says work that is worth up to about $500 million in revenue is expected to begin in August. Atkins will do the work as part of the Central Rail Systems Alliance, which includes Balfour Beatty and TSO. The group perform upgrades across London North West, London North East and East Midland routes for the next decade.Loblaw Co. (TSX:L). Up 62 cents to $70.04. The vice-president of business development at Shoppers Drug Mart says blockchain technology can provide assurance for doctors and pharmacists about the quality of medical cannabis. Ken Weisbrod says his company, part of Loblaw Companies Ltd. has signed a deal with TruTrace Technologies for a pilot program to provide the software to track medical cannabis from seed to final product. He said the source of medical cannabis must be traceable and accountable for patients and practitioners to feel confident about it as a treatment.Scotiabank (TSX:BNS). Up two cents to $70.61. We The North mania spread across Canada as the Toronto Raptors created history as the first Canadian team to win an NBA championship, and businesses attempted to capitalize on the frenzy. Some came out on top earning the goodwill of fans, while others garnered negative publicity. Scotiabank paid a whopping $800-million in 2017 for the naming rights to the arena where the Raptors play. The deal later expanded to include its subsidiary, Tangerine, becoming the official bank of the basketball team. On playoff game days and the day after, Tangerine experienced a 50 per cent spike in website traffic and saw a 20 per cent jump in the number of customers who signed up for an account, said Scotiabank spokesman Doug Johnson.The Canadian Press
MONTREAL — The aerospace industry is "at risk" of being overtaken by foreign rivals if government doesn't treat it as an "urgent priority" and work with the sector to staunch falling employment and GDP contributions, an industry report says.New funding commitments, Canada-first defence procurement and fresh talent amid "a massive labour crunch" are key to staunching the decline, according to the Aerospace Industries Association of Canada (AIAC) report, authored by former Quebec premier Jean Charest."We need a heck of a lot more people in the industry," Charest told The Canadian Press from France ahead of the Paris Air Show."We are clearly trying to influence the leaders of the next federal election campaign. We make no bones about that."The report comes amid growing concerns about the state of aerospace manufacturing and maintenance, as Bombardier looks to exit the commercial aviation business and global aircraft production edges toward a duopoly dominated by Boeing and Airbus."Global competition has never been tougher, and we're at a turning point where Canada must step up, or risk being left behind," Charest said.Since 2012, aerospace employment and GDP contributions in Canada have declined five per cent and four per cent, respectively, according to the Department of Innovation, Science and Economic Development.The industry furnished 213,200 jobs last year and injected $25.5 billion into the economy, but will need 50,000 more workers within the next few years, the report states, stressing the need for talent.It calls for a national system to co-ordinate co-op placements, fast-track immigration for skilled aerospace workers and partner with stakeholders to create national training centres.The report also recommends launching a "national defence industrial strategy" and overhauling the procurement process to open it up to small business and industry giants alike."We bounced around the idea of 'Buy Canada,'" Charest said. But about 40 per cent of both aerospace exports and research and development in Canada is done by foreign companies like Pratt & Whitney and Bell Helicopter, he said. Instead the report proposes a "Buy for Canada" approach that encourages more "strategic" procurement."Let's make sure we get the IP when we buy equipment, make sure that we do the in-service work that is profitable over the long term when we buy procurement," Charest said.Aerospace facilities already span the country — Western and Atlantic Canada host more than 50 per cent of maintenance and repair activity — even as the Bombardier linchpin has loosened."Bombardier is no longer the bellwether company it once was in aircraft manufacturing in this country," said Robert Kokonis, president of Toronto-based consulting firm AirTrav Inc. But that doesn't spell disaster for Canadians, he said.Canada boasts about 500 small and medium-sized aerospace firms, according to the AIAC. Prominent companies such as CAE Inc., Heroux-Devtek, B.C.-based Longview Aviation Capital — which recently scooped up Bombardier's Q400 program and whose Viking Air Ltd. subsidiary pumps out water bombers and turboprops — and Ontario-based Magellan Aerospace Corp. all speak to the aerospace presence on Canadian turf.Meanwhile Bombardier continues to ramp up production of the Global 7500, "a world-leading aircraft" that entered into service in December and is on track for between 15 and 20 deliveries this year and between 35 and 40 in 2020."Bombardier has essentially chosen to exit the commercial business, but the market evolves," said AltaCorp Capital analyst Chris Murray."Aerospace does not operate in a vacuum. It truly is a global industry and that's something that has to be reflected in whatever decisions the government makes."The AIAC report pegs air transportation as a $10-trillion market. Traditional aerospace competitors such as the United States, France and the United Kingdom retain hefty slices of the pie, but hungry new entrants such as India, Vietnam and Singapore are also at the table."They're thinking long-term — as far as 50 years out - and they're moving fast," Charest said in the paper.He invoked Canada's history of aerospace manufacturing, which took off during the Second World War and continued with the supersonic Avro Arrow jet and the Canadarm for NASA's space shuttle program."That did not happen by accident. It happened because government and industry shared a vision, worked and invested together," Charest said.He contrasted Canada's competitive position with that of China — which in January completed the first-ever unmanned landing on the far side of the moon — and Japan, which has forged ahead with a national space program.The report recommends collaborating with stakeholders to continue a national strategy for space, which Ottawa rolled out in March and which includes Lunar Gateway — a NASA-backed project for an orbiting space platform — low-earth orbit broadband satellites and commercial space sector investment.Other recommendations include investing in collaborative efforts between government and industry to foster carbon-neutral flight efforts and unmanned vehicles.On Sunday, Innovation Minister Navdeep Bains announced an investment of up to $49 million to establish a "national aerospace innovation ecosystem" that aims to tackle technological challenges, bring products to market and create highly skilled jobs. Companies in this story: (TSX:BBD.B, TSX:CAE, TSX:HRX)Christopher Reynolds, The Canadian Press
Mobility solution provider Bombardier Transportation announced today that it is opening a rail car assembly site in Pittsburg, California. Elliot G. (Lee) Sander, President, Americas Division, Bombardier Transportation was joined by federal, state and local California officials and San Francisco Bay Area Rapid Transit District (BART) General Manager Grace Crunican at the site for the official announcement.
TORC Oil & Gas Ltd. (TSX:TOG) and one other stock saw some positive action on the TSX last week despite volatile North American markets.
Bombardier, Inc. (TSX:BBD.B) recently announced a massive change to its business, which could lead to lucrative gains for investors if executed correctly.
Kinross Gold Corp. (TSX:K) (NYSE:KGC) and another two unloved stocks are attracting contrarian interest. Is one a buy today?
Bombardier, Inc. (TSX:BBD.B) could see its share price rise further this year, as new deals and the removal of metal tariffs improve its outlook.
Mexico’s foreign minister, Marcelo Ebrard, traveled to Washington this week to persuade the Trump administration to drop its plan to impose sweeping 5% tariffs on imports from the country. Separately, Trump said he would decide whether to put tariffs on the $325 billion of Chinese imports that haven’t yet been targeted after meeting with President Xi Jinping later this month at the G-20 summit.
Bombardier, Inc (TSX:BBD.B) and these two other stocks are underdogs that could be bargain buys for investors that are willing to take on some risk.
Mobility solution provider Bombardier Transportation has signed a contract to provide 74 additional BOMBARDIER TWINDEXX Vario double-deck coaches to Israel Railways (ISR). Michael Fohrer, President Central and Eastern Europe and Israel at Bombardier Transportation said, “We are very proud to have signed a seventh consecutive order with Israel Railways, a result of exemplary collaboration and customer satisfaction.
Barrick Gold Corp. (TSX:ABX)(NYSE:GOLD) and Bombardier, Inc. (TSX:BBD.B) are attracting contrarian attention. Is one a buy today?
Bombardier Inc. and Mitsubishi Heavy Industries Ltd. are in talks regarding the possible sale of Bombardier's CRJ regional jet business, a deal that would mark the plane-and-train maker's exit from commercial aviation and shift the industry landscape. Mitsubishi cautioned that no decision has been made on any possible transaction. "If ever any such decision is made, we will disclose as necessary in accordance with the applicable stock exchange regulations," the Japanese company said in a brief statement.
Mitsubishi said no decision had been made, while Bombardier said any agreement would be subject to further analysis by its own management and due diligence by the Japanese manufacturer. Tokyo-based Mitsubishi, meanwhile, would further its ambitions to bolster manufacturing of smaller planes and challenge Embraer SA. The CRJ once produced the bulk of Bombardier’s revenue, but trains and business aircraft have since overtaken regional jetliners as the main drivers of profit for the company, generating 81% of sales in the first quarter.
Bombardier has recently stated it would explore strategic options for the CRJ Program. From time to time, this may lead to discussions with potential counterparties. While Bombardier does not generally comment publicly on market speculation or rumors, in light of recent media reports, Bombardier believes it is prudent to advise stakeholders that it is in discussions with Mitsubishi Heavy Industries, Ltd. with respect to its CRJ Program.
Listed in the Best 50 Corporate Citizens in Canada by Toronto-based media and research company Corporate Knights Inc.Bombardier’s innovation capacity, high safety standards and.
Hitachi Rail SpA and Bombardier Transportation, in a partnership expected to involve company participation of 60% and 40% respectively, will supply 14 Frecciarossa 1000 (also known as ETR 1000) very high-speed trains to Trenitalia (Italian Railways), as well as a ten years maintenance service agreement for the new trains. The contract overall value is around 575 million euros ($ 643 million US) with the Bombardier share valued at 233 million euros ($261 million US) and the Hitachi share valued at 342 million euros ($382 million US).
MONTREAL — The De Havilland brand will take flight once again, as its parent company announced the re-launch of the Dash 8 aircraft program following its newly minted purchase from Bombardier Inc.Longview Aviation Capital Corp. unveiled the de Havilland Aircraft of Canada Ltd., its new subsidiary that will operate the turboprop family following the Monday close of Bombardier Inc.'s Q Series sale to Longview for about $250 million after liabilities, fees and closing adjustments.The sale also includes the de Havilland trademark and Bombardier's full Dash 8 program, composed of the 100, 200 and 300 series.David Curtis, chairman of the B.C.-based Longview — whose subsidiary Viking Air Ltd. makes turboprop aircraft such as the Twin Otter — said in a statement de Havilland Aircraft would take on board more than 1,200 employees from Bombardier.Bombardier, which bought de Havilland Canada in 1992, said the Q400 will continue to be manufactured at its Downsview facility in Toronto under Longview's management. Curtis has previously pledged to keep all manufacturing already in Canada within the country and to maintain supply chains for the Q400 series that currently stretch from China to Ireland to Mexico.Bombardier manufactured roughly 28 to 30 Q400 aircraft annually at its Downsview property north of Toronto, land that the company sold for $817 million last year to the Public Sector Pension Investment Board. Under a lease agreement, the Montreal-based company was slated to continue to operate from Downsview for up to three years after the deal closes, with two optional one-year extension periods.The Downsview airfield was built in the late 1920s to test aircraft made by de Havilland, a corporate name that dates back nearly a century with roots in Britain's early aviation history. Companies in this story: (TSX:BBD.B)The Canadian Press
MONTRÉAL, June 03, 2019 -- Bombardier (TSX: BBD.B) confirmed today the closing of the previously announced sale of the Q Series aircraft program assets to De Havilland.
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