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Bombardier Inc (BBDb.TO)

BBDb.TO on Toronto Stock Exchange

2.08CAD
19 Jul 2019
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Latest Key Developments (Source: Significant Developments)

Unifor Statement on Bombardier's layoffs at Thunder Bay
Wednesday, 10 Jul 2019 

July 10 (Reuters) - Unifor: :UNIFOR - WILL SOON BE MEETING WITH MEMBERS TO DISCUSS UNION'S PLAN TO SAVE JOBS AT BOMBARDIER'S THUNDER BAY PLANT..  Full Article

Bombardier Terminates Of 550 Employees Effective November 4 At Thunder Bar Site
Wednesday, 10 Jul 2019 

July 10 (Reuters) - Bombardier Inc ::BOMBARDIER - AT CO'S THUNDER BAR SITE, ANNOUNCES TERMINATION OF 550 EMPLOYEES EFFECTIVE ON NOVEMBER 4, 2019.BOMBARDIER - DECISION TO TERMINATE EMPLOYEES AT THUNDER BAY DUE TO CYCLICAL NATURE OF BUSINESS, RAMP DOWN OF TWO HIGH CADENCE PROGRAMS.BOMBARDIER - FULLY COMMITTED TO THE OVERALL DELIVERY OF 204 STREETCARS BY THE END OF 2019.BOMBARDIER - CO MUST ALSO DEAL WITH LOCAL CONTENT REQUIREMENT THRESHOLD IN U.S., WHICH IS NOW AT 65%, WILL BE AT 70% IN FALL DUE TO BUY AMERICA ACT.BOMBARDIER - TO DEAL WITH U.S. 70% LOCAL CONTENT REQUIREMENT THRESHOLD, CO "HAS NO CHOICE BUT TO HAVE AN AMERICAN MANUFACTURING FOOTPRINT AND SUPPLY CHAIN".BOMBARDIER - "WE CANNOT FULLY LEVERAGE OUR CANADIAN MANUFACTURING FOOTPRINT AND EXPERTISE".  Full Article

Bombardier To Lay Off 550 Workers At Its Thunder Bay Plant- BNN Bloomberg
Tuesday, 9 Jul 2019 

July 9 (Reuters) - :BOMBARDIER TO LAY OFF 550 WORKERS AT ITS THUNDER BAY PLANT- BNN BLOOMBERG.  Full Article

Mitsubishi Heavy Industries To Acquire Canadair Regional Jet Program From Bombardier
Tuesday, 25 Jun 2019 

June 25 (Reuters) - Bombardier Inc ::MITSUBISHI HEAVY INDUSTRIES TO ACQUIRE CANADAIR REGIONAL JET PROGRAM FROM BOMBARDIER INC..MITSUBISHI HEAVY INDUSTRIES TO ACQUIRE CANADAIR REGIONAL JET PROGRAM FROM BOMBARDIER INC..BOMBARDIER - PROPOSED DEAL FOR CASH CONSIDERATION OF $550 MILLION.BOMBARDIER - BOMBARDIER'S NET BENEFICIAL INTEREST IN REGIONAL AIRCRAFT SECURITIZATION PROGRAM (RASPRO) IS VALUED AT APPROXIMATELY $180 MILLION USD.BOMBARDIER - CRJ PRODUCTION FACILITY IN MIRABEL, QUÉBEC WILL REMAIN WITH BOMBARDIER.BOMBARDIER - DEAL INCLUDES ASSUMPTION BY MHI OF LIABILITIES AMOUNTING TO APPROXIMATELY $200 MILLION USD.BOMBARDIER - BOMBARDIER WILL CONTINUE TO SUPPLY COMPONENTS AND SPARE PARTS AND WILL ASSEMBLE CURRENT CRJ BACKLOG ON BEHALF OF MHI.BOMBARDIER - AGREEMENT CONTEMPLATES A REVERSE BREAK FEE PAYABLE BY MHI UNDER CERTAIN CIRCUMSTANCES..BOMBARDIER - CRJ PRODUCTION IS EXPECTED TO CONCLUDE IN SECOND HALF OF 2020, FOLLOWING DELIVERY OF CURRENT BACKLOG OF AIRCRAFT.BOMBARDIER - WILL ALSO RETAIN CERTAIN LIABILITIES REPRESENTING A PORTION OF CREDIT AND RESIDUAL VALUE GUARANTEES TOTALING APPROXIMATELY $400 MILLION USD.BOMBARDIER - AGREEMENT CONTEMPLATES A REVERSE BREAK FEE PAYABLE BY MHI UNDER CERTAIN CIRCUMSTANCES..BOMBARDIER - BOMBARDIER'S NET BENEFICIAL INTEREST IN RASPRO WILL BE TRANSFERRED TO MHI..BOMBARDIER - CO'S NET BENEFICIAL INTEREST IN RASPRO, VALUED AT ABOUT $180 MILLION, WILL BE TRANSFERRED TO MHI.  Full Article

Bombardier To Supply 30 Additional Flexity Trams To Brussels Transportation Company
Tuesday, 18 Jun 2019 

June 18 (Reuters) - Bombardier Inc ::BOMBARDIER TO SUPPLY 30 ADDITIONAL FLEXITY TRAMS TO BRUSSELS TRANSPORTATION COMPANY.BOMBARDIER - ORDER IS VALUED AT APPROXIMATELY 67 MILLION EURO ($75 MILLION US).BOMBARDIER - FIRST DELIVERIES OF 30 ADDITIONAL FIVE-CAR, 32-METER TRAMS ARE PLANNED FROM DECEMBER 2020.BOMBARDIER - SECOND CALL OFF ORDER IS PART OF A FRAMEWORK CONTRACT FOR UP TO 175 TRAMS WITH AN INITIAL CALL OFF OF 60 TRAMS SIGNED IN APRIL 2018.  Full Article

Bombardier To Provide 74 Additional Twindexx Vario Double-Deck Coaches To Israel Railways
Thursday, 6 Jun 2019 

June 6 (Reuters) - Bombardier Transportation::BOMBARDIER TO PROVIDE 74 ADDITIONAL TWINDEXX VARIO DOUBLE-DECK COACHES TO ISRAEL RAILWAYS.CALL-OFF IS PART OF FRAMEWORK AGREEMENT SIGNED IN OCTOBER 2010 AND IS VALUED AT APPROXIMATELY 147 MILLION EURO.DELIVERY OF NEW COACHES IS SCHEDULED TO BE COMPLETED BY DECEMBER 2021.  Full Article

Hitachi And Bombardier Will Supply 14 Very High-Speed Frecciarossa 1000 Trains To Italy
Tuesday, 4 Jun 2019 

June 4 (Reuters) - Bombardier Inc ::HITACHI AND BOMBARDIER WILL SUPPLY 14 VERY HIGH-SPEED FRECCIAROSSA 1000 TRAINS TO ITALY.BOMBARDIER TRANSPORTATION - CONTRACT OVERALL VALUE IS AROUND 575 MILLION EUROS.BOMBARDIER TRANSPORTATION - CONTRACT INVOLVES PARTICIPATION OF HITACHI RAIL SPA AND BOMBARDIER TRANSPORTATION.  Full Article

Bombardier Named Preferred Bidder For €3 Billion Cairo Monorail Project
Monday, 27 May 2019 

Bombardier Inc ::BOMBARDIER NAMED PREFERRED BIDDER FOR €3 BILLION CAIRO MONORAIL PROJECT.BOMBARDIER - POTENTIAL VALUE OF BID FOR BOMBARDIER TRANSPORTATION IS EUR 1.2 BILLION FOR DESIGN & BUILD CONTRACT.BOMBARDIER - BOMBARDIER TRANSPORTATION WILL DELIVER PROJECT IN PARTNERSHIP WITH TWO EGYPTIAN COMPANIES ORASCOM CONSTRUCTION AND ARAB CONTRACTORS.BOMBARDIER - IN ADDITION TO CONTRACT, THERE IS A 15+15 YEARS OPERATIONS AND MAINTENANCE DEAL WITH A POTENTIAL VALUE OF ABOUT EUR 1.1 BILLION.  Full Article

Bombardier CEO Still Expects Top Line, Profit Growth In 2020
Thursday, 2 May 2019 

May 2 (Reuters) - Bombardier Inc ::BOMBARDIER CEO SAYS WILL BE WORKING WITH AIRBUS TO FIND POTENTIAL BUYER FOR BELFAST FACILITY THAT MAKES A220 JET WINGS.BOMBARDIER CFO SAID 2020 FINANCIAL GUIDANCE REMAIN "VERY SOUND OBJECTIVES" BUT WILL BE DISCUSSED LATER IN THE YEAR.BOMBARDIER CEO SAYS IT IS POSSIBLE RAIL PROJECT CHALLENGES COULD "FLOW THROUGH" TO 2020.BOMBARDIER CEO SAYS STILL EXPECTS TOP LINE AND EARNINGS GROWTH IN 2020.  Full Article

Bombardier Says Will Consolidate Aerospace Assets, Divest Belfast and Morocco Aerostructures Businesses
Thursday, 2 May 2019 

May 2 (Reuters) - Bombardier Inc BBDB.TO::QTRLY EARNINGS PER SHARE $0.08; QTRLY ADJUSTED LOSS PER SHARE $0.07; QTRLY REVENUE $3.52 BILLION, DOWN 13 PERCENT.Q1 EARNINGS PER SHARE VIEW $-0.01, REVENUE VIEW $3.62 BILLION -- REFINITIV IBES DATA.BOMBARDIER - ANNOUNCES FORMATION OF BOMBARDIER AVIATION, CONSOLIDATING ALL AEROSPACE ASSETS INTO A SINGLE, STREAMLINED, FULLY INTEGRATED BUSINESS.BOMBARDIER - WILL PURSUE DIVESTITURE OF ITS BELFAST AND MOROCCO AEROSTRUCTURES BUSINESSES.BOMBARDIER - FULLY YEAR GUIDANCE REMAINS THE SAME AS ANNOUNCED LAST WEEK.BOMBARDIER - DECIDED TO TERMINATE ITS AUTOMATIC SECURITIES DISPOSITION PLAN ESTABLISHED ON AUG 15, 2018 IN ACCORDANCE WITH ITS TERMS.BOMBARDIER - QTRLY BUSINESS AIRCRAFTS REVENUE $970 MILLION, DOWN 13 PERCENT; QTRLY BUSINESS AIRCRAFTS DELIVERIES 24 UNITS, DOWN 7 UNITS.BOMBARDIER - AT MARCH-END, BUSINESS AIRCRAFT ORDER BACKLOG $14.9 BILLION VERSUS $14.3 BILLION REPORTED AT DEC-END.BOMBARDIER - QTRLY COMMERCIAL AIRCRAFTS REVENUE $241 MILLION, DOWN 48 PERCENT; QTRLY COMMERCIAL AIRCRAFTS DELIVERIES 4 UNITS, DOWN 4 UNITS.BOMBARDIER - AT MARCH-END COMMERCIAL AIRCRAFT ORDER BACKLOG 109 UNITS VERSUS 97 UNITS REPORTED AT DEC-END.BOMBARDIER - QTRLY BOMBARDIER TRANSPORTATION REVENUE $2.11 BILLION, DOWN 11 PERCENT; QTRLY TRANSPORTATION ORDER INTAKE $1.6 BILLION, DOWN 30 PERCENT.BOMBARDIER - AT MARCH-END, BOMBARDIER TRANSPORTATION ORDER BACKLOG $33.8 BILLION VERSUS $34.5 BILLION REPORTED AT DEC-END.  Full Article

Tanzania to buy new Airbus, Bombardier planes for national carrier

DAR ES SALAAM, July 18 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.