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Bombardier Inc (BBD_pc.TO)

BBD_pc.TO on Toronto Stock Exchange

21 Oct 2016
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$-0.16 (-0.98%)
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Latest Key Developments (Source: Significant Developments)

Bombardier to cut about 7,500 jobs
Friday, 21 Oct 2016 05:24am EDT 

Bombardier Inc : Bombardier confirms progress on turnaround plan; announces initiatives to ensure competitiveness and improve margins . Says to cut about 7,500 jobs . Bombardier says expects related recurring savings of about $300 million by 2018-end; expects to record $225 million to $275 million in restructuring charges Further company coverage: [BBDb.TO] ((Bangalore.newsroom@thomsonreuters.com; ;)).  Full Article

Bombardier CEO says 2,000 job cuts in Canada, including 1,500 in Quebec
Friday, 21 Oct 2016 05:23am EDT 

: Bombardier CEO says about two-thirds of job cuts in Rail Division and one-third in Aerospace . Bombardier CEO says 2,000 job cuts in Canada, including 1,500 in Quebec . Bombardier CEO says restructuring announcement unrelated to investment talks with Canadian government Further company coverage: [BBDb.TO] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Kontron signs framework agreement with Bombardier Transportation
Thursday, 20 Oct 2016 07:00am EDT 

Kontron AG :Signs framework agreement with Bombardier Transportation extending preferred technology supplier relationship.  Full Article

Bombardier provides C series program updates
Tuesday, 6 Sep 2016 07:00am EDT 

Bombardier Inc: Bombardier provides c series program updates . 2016 c series delivery schedule adjusted to reflect pratt & whitney engine delays . Consolidated revenue and ebit guidance reaffirmed . As a result, consolidated fcf usage guidance range adjusted to $1.15b to $1.45b from $1.0b to $1.3b . Expects to end year with a strong liquidity position . Remains on track to achieve both its 2018 cash flow neutral goal and its 2020 turn-around plan objectives. . Adjusted fy c series delivery forecast from 15 to 7 aircraft as a result of engine delivery delays by its supplier pratt & whitney . Has more than 300 firm orders and up to 800 orders including options and commitments for c series program . C series delivery adjustment will result in lower revenues at bombardier commercial aircraft for year without affecting ebit materially . As a result of delay, company now expects to be close to lower end of $16.5 to $17.5 billion revenue guidance range for 2016 .As a result of delay, company now expects free cash flow usage is expected to be in range of $1.15 to $1.45 billion for 2016.  Full Article

Bombardier receives final installment from the government of Quebec
Friday, 2 Sep 2016 07:00am EDT 

Bombardier Inc : Bombardier receives final installment from the government of Quebec investment in the C series program .Confirmed that disbursement of second and last $500 million installment of previously announced $1 billion US investment by Québec received.  Full Article

Bombardier says named preferred bidder to supply rolling stock for East Anglia Franchise
Wednesday, 10 Aug 2016 12:49pm EDT 

Bombardier Transportation : Bombardier Transportation says named as preferred bidder for rolling stock order to be produced for United Kingdom's department of transport .UK government has awarded East Anglia Franchise to Abellio East Anglia, which selected co to supply british-built carriages.  Full Article

Bombardier expects first Global 7000 flight later this year
Friday, 5 Aug 2016 09:00am EDT 

: Bombardier CEO says more than 60 percent complete with previously announced workplace reduction, on track for cost savings target . Bombardier CEO says sees some near term softness in the business jet market . Bombardier CEO says on target to make 150 deliveries for the year . Bombardier CEO says seeing significant softeness in smaller size business jets . Bombardier CEO says he never talked about cancelling global 8000 business jet . Bombardier CFO says expects spending to rise next year on global 7000 . Bombardier CEO said no impact yet from brexit vote . Bombardier CEO says will be able to have entry into service of global 7000 in 2018 . Bombardier CEO says discussions ongoing with federal government over possible investment . Bombardier CEO says global business jets retained value better than competitors . Bombardier CEO says first flight of global 7000 business jet on schedule for later this year . Bombardier CFO says expects good liquidity at the start of 2017 . Bombardier CFO said will 'more or less' break even on cash flow for remainder of year . Bombardier CEO says business jet softness more on side of smaller learjet than larger globals . Bombardier CEO said company at right production for global business jet given market demand . Bombardier CEO says inventory of used business jets has "come down a lot" (Reporting by Matt Scuffham) ((matthew.scuffham@thomsonreuters.com;)).  Full Article

Bombardier reports quarterly loss per share $0.24
Friday, 5 Aug 2016 06:30am EDT 

Bombardier Inc : Quarterly adjusted loss per share $0.06 . Quarterly diluted loss per share $0.24 . Reaffirmed its full year guidance . Q2 business aircrafts revenue $1,473 million versus $1,815 million last year . Q2 revenue $4,309 million versus $4,620 million . Bombardier inc quarterly Bombardier Transportation revenue $1,964 million versus $2,091 million . Q2 business aircrafts deliveries 42 units versus 47 units last year . Bombardier Inc quarterly Bombardier Transportation order intakes $2.1 billion versus $2 billion . Bombardier Transportation order backlog $29.8 billion at quarter-end versus $30.4 billion at quarter-end last year . Order backlog at business aircrafts $17.0 billion at quarter-end versus $17.2 billion at previous quarter-end . Q2 commercial aircrafts revenue $764 million versus. $598 million . Q2 commercial aircrafts deliveries 27 units versus 19 units . Free cash flow usage is on track to full year target of $1.0 billion . Q2 earnings per share view $-0.05, revenue view $4.17 billion -- Thomson Reuters I/B/E/S .Free cash flow usage of approximately $470 million on a year-to-date basis.  Full Article

Bombardier awarded contract for supply of 125 bilevel cars to Metrolinx
Tuesday, 2 Aug 2016 08:03am EDT 

Bombardier Inc : Bombardier awarded contract for supply of 125 bilevel cars to Metrolinx . Order is valued at $428 million CAD ($328 million US, 294 million euro) .Production is scheduled to start in Thunder Bay in Q2, 2018 and final delivery is expected in Q1, 2020.  Full Article

Bombardier and government of Tanzania sign purchase agreement for two Q400 Turboprops
Monday, 25 Jul 2016 08:58am EDT 

Bombardier Inc : Bombardier and government of tanzania sign purchase agreement for two Q400 Turboprops . Based on list price of Q400 Airliner, firm order is valued at approximately US $62 million. . Aircraft will be used for commercial airline operations in Tanzania Further company coverage: [BBDb.TO] ((Bengaluru Newsroom; +1 646 223 8780;)).  Full Article

UPDATE 5-Bombardier to cut 7,500 more jobs through 2018, mostly in rail

MONTREAL, Oct 21 Bombardier Inc said on Friday it would cut 7,500 jobs, mostly in its train-making division, in a second round of layoffs announced this year, following extended delays and budget overruns in its aerospace business.