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Bombardier Inc (BBD_pd.TO)

BBD_pd.TO on Toronto Stock Exchange

25 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Unifor says members of Local 1075 in Thunder Bay ratified new three-year agreement with Bombardier
Sunday, 9 Jul 2017 01:51pm EDT 

July 9 (Reuters) - Unifor-:Collective agreement with bombardier ratified.Local 1075 in thunder bay have ratified a new three-year collective agreement with Bombardier.New collective agreement includes a seven-day work week for key work stations at plant and new classifications for Bombardier academy trainers.New agreement includes general wage increase of 10 cents per hour year for production workers and 30 cents per hour for skilled trades.New agreement includes pension increases each year and a fold in cost of living allowance.  Full Article

Bombardier issues statement regarding ruling by Ontario Superior Court Of Justice on motion to prevent termination of contract with Metrolinx
Wednesday, 19 Apr 2017 12:13pm EDT 

April 19 (Reuters) - Bombardier Inc :Bombardier - issued statement regarding ruling by Ontario Superior Court Of Justice on motion to prevent termination of contract with Metrolinx.Bombardier says "we are eager to sit down with Metrolinx to find a clear path forward".Bombardier - is on track to deliver light rail vehicles to support Eglinton Crosstown Expansion.  Full Article

Bombardier to sell its amphibious aircraft program to Viking Air Limited
Monday, 3 Oct 2016 11:00am EDT 

Bombardier : Agreement covers type certificates for all variants of aircraft, CL-215, CL-215T and bombardier 415 aircraft as well as after-market services . Bombardier finalizes the sale of its amphibious aircraft program to Viking Air Limited .Bombardier Inc says transaction has received approval of all appropriate regulatory authorities and other consents from government bodies.  Full Article

Bombardier signs contract to supply 665 new Bombardier Aventra vehicles to Angel Trains, in UK
Friday, 30 Sep 2016 09:00am EDT 

Bombardier Inc: Bombardier says new trains are expected to be delivered between January 2019 and September 2020 . Bombardier wins rolling stock and maintenance contracts for Abellio's East Anglia franchise in the UK . Rolling stock contract is valued at about $1.1 billion and maintenance contract valued at approximately $108 million .Signed contract to supply 665 new Bombardier aventra vehicles to angel trains, for Abellio on its East Anglia rail franchise in UK.  Full Article

Jazz Aviation extends smart parts agreement with Bombardier
Thursday, 29 Sep 2016 09:00am EDT 

Bombardier Inc : Agreement, which was originally scheduled to conclude in 2020, has been extended to December 2025 . Jazz Aviation extends smart parts agreement with Bombardier .Nova Scotia announced airline extended smarts parts deal with Bombardier to provide longer-term component support for growing fleet of Q400 aircraft.  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

CANADA STOCKS-TSX notches four-month high as oil price rise boosts energy

TORONTO, Sept 25 Canada's main stock index rose to a four-month high on Monday as higher oil prices boosted energy shares, while the heavyweight financials group also gained, offsetting declines for industrial and information technology names.