United Kingdom

Bombardier Inc (BBDb.TO)

BBDb.TO on Toronto Stock Exchange

17 Nov 2017
Change (% chg)

$0.02 (+0.65%)
Prev Close
Day's High
Day's Low
Avg. Vol
52-wk High
52-wk Low

Latest Key Developments (Source: Significant Developments)

Bombardier recruits to fill positions for completion work on Global 7000 aircraft​
Friday, 17 Nov 2017 

Nov 17 (Reuters) - Bombardier Inc ::Says ‍actively recruiting to fill about 1,000 new positions in Montréal over next 18 months for completion work on its Global 7000 aircraft​.  Full Article

Bombardier signs order for two new Q400 turboprops with Nordic Aviation Capital
Wednesday, 15 Nov 2017 

Nov 15 (Reuters) - Bombardier Inc :Bombardier has signed an order for two new Q400 turboprops with Nordic Aviation Capital.Bombardier commercial aircraft says based on list price of Q400 aircraft, firm order is valued at approximately $64 million​.  Full Article

Bombardier signs letter of intent with EgyptAir for up to 24 CS300 aircraft
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - Bombardier Inc :Bombardier signs letter of intent with EgyptAir for up to 24 CS300 aircraft.‍Bombardier Commercial Aircraft says deal includes 12 CS300 aircraft with purchase rights for an additional 12 aircraft​.‍Bombardier Commercial Aircraft​ says ‍based on list price OF CS300 airliner, a firm-order contract would be valued at approximately $1.1 billion.‍Bombardier Commercial Aircraft says if EgyptAir exercised 12 purchase rights for CS300 aircraft, contract value would increase to nearly $2.2 billion.  Full Article

Bombardier posts Q3 loss per share $0.05
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Bombardier Inc BBDB.TO::Q3 loss per share $0.05; Q3 adjusted loss per share $0.01; Q3 revenue $3.84 billion, up 3 percent.Q3 earnings per share view $-0.01, revenue view $4.15 billion -- Thomson Reuters I/B/E/S.Revenue and free cash flow usage for FY expected to be about $16.3 billion and $1 billion, respectively.FY2017 revenue view $16.72 billion -- Thomson Reuters I/B/E/S.Now expects consolidated FY EBIT before special items to be at least $630 million, high end of its previous guidance.Engine delivery delays to impact C Series program; with 20-22 deliveries now expected for the year.A European customer signed LOI for up to 61 C Series aircraft, including 31 firm aircraft and options for additional 30 aircraft.On list price, firm order by European customer would be valued at about $2.4 billion, increasing to about $4.8 billion if all 30 options exercised.Bombardier Q3 Business Aircraft revenue $1.10 billion, down 17 percent; Q3 Business Aircraft deliveries of 31 units versus 36 units.Business Aircraft order backlog at Sept. 30 was $14.5 billion versus $15.4 billion as at Dec. 31, 2016.Bombardier Q3 commercial aircraft revenue $525 million, down 2 percent; Q3 commercial aircraft deliveries of 16 units, flat from last year.Commercial Aircraft order backlog at Sept. 30 was 433 units versus 436 units as at Dec. 31, 2016.Q3 Bombardier Transportation revenue $2.13 billion, up 20 percent; Q3 Bombardier Transportation order intake $1.8 billion, down 38 percent.  Full Article

Spirit Aero says actively evaluating multiple potential deals - Conf call‍​
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Spirit AeroSystems Holdings Inc :Says actively evaluating multiple potential deals, with target areas including Airbus content and military content.Says sees some inventory build in Q4 due to timing on rate increases and timing on work package transfers associated with its supply chain optimization strategy‍​.Says its goal for free cash flow in 2018 will be higher than in 2017, consistent with its 7-9 percent revenue to free cash flow conversion target.Says continues to ramp up capital investments to prepare for rate increases.Says in Q3 there were some aberrations with a couple of the spare parts in terms of the cost of how it sources those.Says the aberrations were limited to this year, and shouldn't repeat in 2018.Says most of the sales growth in 2018 will be driven by rate increases on programs like 737, 787 and A320.Says expects its supply chain savings to start to kick in for next year.Says Bombardier's C Series program might do better with Airbus' support; Spirit Aero already does the pylons on the C Series jets.Says it will bid to participate on new work packages from Bombardier.  Full Article

Aleris signs multi-year contract with Bombardier
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - Aleris::Aleris signs multi-year contract with Bombardier.  Full Article

Unite union says disappointed by further 280 job losses at Bombardier in Belfast‍​
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - :Unite union says disappointed with news that a further 280 job losses would be brought forward at Bombardier in Belfast‍​.  Full Article

MTU Aero CEO says Airbus investment in CSeries supports programme
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Mtu Aero Engines CEO tells journalists::not concerned about impact of gtf engine delays on possible new contracts, says order books are full.has provisions in guidance for any payments related to gtf engine delays, declines to comment on amount.jv with lufthansa technik on track, decision on location this year.airbus investment in cseries is positive, supports programme.  Full Article

Boeing to keep options open for inorganic or partnership models ‍​- Conf call ‍​
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Boeing Co :Boeing says continue to make steady progress closing out technical risk on the path to final certification, and to delivering the first 18 tankers next year‍​.Boeing says it has seen steady orders and has high confidence in a meaningful increase in widebody replacement demand early next decade‍​.Boeing says international demand for its defense and space offerings remains high as well‍​.Boeing says its global services unit is on track to hit full year operating margins of between 15.0 and 15.5 percent‍​.Boeing CEO says, "As we look into 2018, we should see moderate levels of research and development from what you're going to see this year"‍​.Boeing says has lots of growth opportunity in its core narrowbody business‍​.Boeing says recent changes in the marketplace, the discussions between Airbus and Bombardier, don't change its strategy‍​.Boeing says remains skeptical on the UTC-Rockwell Collins deal‍​.Boeing says it will continue to keep its options open for opportunities related to inorganic or partnership models‍​.  Full Article

Bombardier says it disagrees with Moody’s rating action
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Bombardier Inc ::Bombardier strongly disagrees with Moody’s rating action.Bombardier says‍ Moody's rating action​ does not "accurately reflect the value of our partnership with Airbus".  Full Article


Post-Brexit border checks could add 1.5 billion pounds to UK aerospace costs

LONDON Britain's aerospace industry could face 1.5 billion pounds a year in extra costs after Brexit if firms exporting components to the European Union face additional checks at the border, industry body ADS Group said on Monday.