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Bombardier Inc. T.BBD.A

Alternate Symbol(s):  BDRPF | T.BBD.PR.B | BDRXF | T.BBD.PR.C | T.BBD.PR.D | BOMBF | BDRAF | T.BBD.B | BDRBF

Bombardier Inc. is a Canada-based manufacturer of business aircraft with a global network of service centers. The Company is focused on designing, manufacturing and servicing business jets. The Company has a worldwide fleet of more than 5,000 aircraft in service with a variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. It operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. Its robust customer support network services the Learjet, Challenger and Global families of aircraft, and includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Austria, the United Arab Emirates, Singapore, China and Australia. The Company's jets include Challenger 350, Challenger 3500, Challenger 650, Global 5500, Global 6500, Global 7500 and Global 8000.


TSX:BBD.A - Post by User

Bullboard Posts
Post by Av8r777on Jul 05, 2013 10:28am
144 Views
Post# 21590714

Maybe Bombardier ...

Maybe Bombardier ...
REFILE-UPDATE 1-Siemens out of bidding for Britain's Crossrail trains45 minutes ago by Thomson Reuters

* Siemens: winning contract could hurt existing commitments

* Siemens move leaves Bombardier, CAF, Hitachi as bidders

* Contract is worth 1 billion pounds

LONDON, July 5 (Reuters) - Siemens has pulled out of the bidding to provide trains for Britain's multi-billion pound Crossrail project, raising prospects for rivals Bombardier , Hitachi and Spain's CAF to win the contract.

Siemens said on Friday it no longer had the capacity to deliver 600 carriages for the new line to connect east and west London.

"Crossrail is a very large project and, since first undertaking our initial assessment of capacity and deliverability, Siemens has won multiple additional orders," the company said in a statement.

"To pursue another project of this scale could impact our ability to deliver our current customer commitments."

The German company said it would still deliver signalling and control systems for the Crossrail project.

Crossrail will link Heathrow west of London to the east of the city through huge new tunnels. Bids for the rail contract are due next month, with a decision expected by mid-2014.

Siemens withdrawal cuts the number of bidders for the 1 billion pound ($1.5 billion) train contract to three - Bombardier, Japan's Hitachi and Spain's CAF.

In 2011, Crossrail, Europe's largest infrastructure project, delayed the award of the contract to supply trains for the $26 billion project to save money. France's Alstom Transport - best known for building France's TGV high-speed trains - pulled out of the bidding two years ago.

Siemens recently beat Bombardier on a $2.4 billion contract to build 1,140 new carriages for use on the Thameslink rail line that runs through London and connects Bedford with Brighton on the south coast of England.

Bombardier was not immediately available for comment.

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