|Bid||3.09 x 0|
|Ask||3.10 x 0|
|Day's Range||3.08 - 3.10|
|52 Week Range||1.83 - 3.24|
|PE Ratio (TTM)||N/A|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
Bombardier Inc expects to hire around 1,000 workers in Montreal over 18 months, as the Canadian plane and train maker ramps up production of its new Global 7000 business jet, three sources familiar with the matter said on Wednesday. An announcement about the jobs, which are for completion work on the new corporate jet, is expected as early as Friday, said two of the sources, who spoke on condition of anonymity because the latest figure is not yet public. A spokeswoman for Bombardier business jets could not be immediately reached for comment.
Bombardier, Inc. (TSX:BBD.B) stock appears to have turned a corner. Should investors buy after recent positive developments?
Struggling Bombardier’s move to give Airbus control of its CSeries plane project has driven rivals to renew their pledges to pursue legal complaints against the Canadian aircraft maker.
The deal is likely to include a firm order for 12 CS300 jets, and could be announced as early as Tuesday at the Dubai Air Show, according to the report. European planemaker Airbus SE (Paris:AIR.PA - News) recently agreed to take a majority stake in the CSeries program, in exchange for Airbus's purchasing and marketing power and support for the aircraft that had few orders due to doubts over its future. Bombardier said, earlier this month, that it received a letter of intent from an unnamed European customer for 31 firm CSeries orders.
Shares of West Fraser Timber Co. Ltd. (TSX:WFT) and Canfor Corporation (TSX:CFP) have performed well in 2017, but U.S. duties threaten to balloon expenses into the long term.
Beleaguered manufacturer Bombardier, Inc. (TSX:BBD.B) has been dragged down for years, but it may finally be turning into a viable investment.
Bombardier Inc (BBDb.TO) is in talks to reshuffle Delta Air Line (NYSE:DAL - News) CSeries delivery slots with other customers in case a trade dispute holds up the U.S. carrier's order, a senior executive said on Sunday. A U.S. trade commission will decide in early 2018 on whether to impose duties of nearly 300 percent on the CSeries, after Boeing (NYSE:BA - News) complained the planes had been subsidized and sold below cost in the United States. Delta, which ordered 75 CSeries jets in 2016, and Bombardier have each said they are unwilling to swallow the duties.
OTTAWA/MONTREAL (Reuters) - Airbus SE (Paris:AIR.PA - News) could cooperate further with Bombardier Inc (BBDb.TO) beyond a recent venture in the CSeries jets, if its fighter jet is permitted to compete in a Canadian military procurement, and its partners agree, an executive said on Wednesday. Canada said last year it will launch an open competition to replace its aging fleet of fighter jets and a request for proposal for the open competition is expected in 2019.
Tanzania is mounting a legal challenge against a construction firm's seizure of one of the country's new commercial planes in Canada as compensation for a disputed contract, President John Magufuli said on Monday. A Canadian construction firm, Stirling Civil Engineering Ltd, seized the newly manufactured Q400 turbo-prop plane in Canada earlier this year over a $38 million lawsuit before it could be delivered by Bombardier Inc (BBDb.TO) to the Tanzanian government.
The data suggests family-controlled businesses outperform those that aren’t. If you think Bombardier, Inc. (TSX:BBD.B) is one of the three, think again.
Engine delays, which reduced CSeries deliveries from 30 to an expected 20 to 22 this year, are a "short-term issue" that supplier Pratt & Whitney is "actively addressing," Bombardier Chief Executive Alain Bellemare told analysts. Pratt & Whitney, a division of United Technologies Corp (NYSE:UTX - News), said in October it was resolving issues with the geared turbofan (GTF) engines that power the CSeries and Airbus A320neo to make them more durable.
Bombardier Inc (BBDb.TO) should look at all options for its transportation business including partnering with China's state-owned CRRC (Shanghai:601766.SS - News), one of Bombardier's biggest shareholders said on Wednesday. Every opportunity that comes up ought to be looked at," Caisse de depot et placement du Quebec [CDPDA.UL] Chief Executive Officer Michael Sabia told reporters when asked about a deal with CRRC. Germany's Siemens (SIEGn.DE) and France's Alstom (:ALSO.PA) said they are merging their train manufacturing operations in September.
Bombardier Inc will cut 280 non-production jobs at its Belfast plant in Northern Ireland as part of 7,500 layoffs worldwide announced last year, the Canadian plane manufacturer said on Thursday. The jobs of the 4,200 workers at Bombardier's cutting-edge Belfast wing factory have been put under threat in recent weeks by a trade dispute with U.S. rival Boeing Co that led the United States to move to impose a potential 300 percent duty on Bombardier's CSeries next-generation passenger jet. Bombardier Belfast said in a statement the cuts in its support personnel were part of plans laid out last year to reduce its workforce by 10 percent through 2018, with most of the layoffs slated for its rail operations.
United Technologies Corp (NYSE:UTX - News), the maker of Pratt & Whitney jet engines, held back some GTF shipments to plane makers and offered spares to airlines, which had faced problems with engines already in service. "Bombardier is working closely with Pratt & Whitney to evaluate and mitigate any potential impact on its customers and will provide a full update on November 2, when it issues its Q3 results," spokeswoman Nathalie Siphengphet said by email. Both Bombardier and Airbus SE (Paris:AIR.PA - News) have faced delayed deliveries of separate GTF engines.
Bombardier, Inc. (TSX:BBD.B) was a bad investment before the Airbus deal, and now it might even be worse.
Airbus and Boeing typically slug it out at air shows and on factory floors, but the rivalry took a different turn with the European group’s deal to take a majority stake in Bombardier’s CSeries jet project....
Bombardie’s share price soared to its highest level in more than two years as investors responded to news that Airbus SE agreed to take control of the company’s struggling CSeries jet family.
MONTREAL/TOULOUSE, France (Reuters) - Boeing Co said on Tuesday that Bombardier Inc's CSeries jets could still be hit with high U.S. import duties, even if they are assembled in Alabama through an industry-changing deal with Airbus. The deal announced on Monday gives Airbus a majority stake in Bombardier's troubled CSeries jetliner program, securing the plane's future and giving the Canadian firm a possible way out of a damaging trade dispute with Boeing, in which the U.S. Commerce Department has threatened to impose a 300 percent import duties.
Bombardier is giving up a majority stake in its flagship CSeries aircraft program to Airbus -- and it's not even getting paid for its trouble.
AirBus SE is expected to take a majority stake in the CSeries project owned by Bombardier, Inc. (TSX:BBD.B). Could this development cause shares to take off?