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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 Blaser2on Feb 06, 2014 7:08am
474 Views
Post# 22178068

Guardian spin on $1.8 Billion Contract

Guardian spin on $1.8 Billion Contract

Bombardier UK wins £1bn Crossrail contract

Bombadier factory
Bombadier had warned that failure to win the Crossrail contract could mean the closure of the Derby factory and the loss of up to 1,500 jobs. Photograph: Christopher Furlong/Getty Images

Bombardier UK has fought off competition from foreign bidders to win the £1bn contract to build trains for London's Crossrail project.

Britain's only train builder, based in Derby, beat Japan's Hitachi and CAF of Spain to supply 65 trains for the line. Bombardier – the British arm of the Canadian aerospace and transport manufacturer – had warned that missing out on the contract could cause the factory, which employs 1,500 workers, to close.

The deal, which also includes building a new depot, will support 760 UK manufacturing jobs and 80 apprenticeships. It will keep an estimated 74% of the contract spend in the UK.

Transport for London (TfL) and the Department for Transport announced the politically charged decision on Thursday morning.

Bombardier missed out on the UK's last big train contract to build rolling stock for the upgrade to London's Thameslink network. The £1.6bn commission went to Germany's Siemens in 2011, prompting Bombardier to cut 1,200 jobs at its plant."

Regards


Bullboard Posts