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Bullboard - Stock Discussion Forum 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... see more

TSX:BBD.A - Post Discussion

Bombardier Inc. > Globe and Mail
View:
Post by Form001 on Oct 26, 2023 7:34am

Globe and Mail

2023-10-26 07:16 ET - In the News

 

The Globe and Mail reports in its Thursday edition that Ottawa is set to spend as much as $10-billion to buy new military surveillance aircraft from U.S. giant Boeing based on "highly flawed and invalid information," says Bombardier chief executive officer Eric Martel. The Globe's Nicolas Van Praet writes that the move is short-sighted and will hurt the country as Bombardier and other domestic players try to build out their defence potential in the years ahead, he insists. Mr. Martel told The Globe that Ottawa appears to have made up its mind to purchase Boeing's P-8A Poseidon reconnaissance jets in a sole-source contract without a formal request for proposals. He said his company understands the government intends to invoke a national-security exception in its decision to speed up the transaction and avoid exposing itself to legal challenges. "I think we were misled," Mr. Martel said of the government's procurement process. "Other countries are knocking on our door today because they see ours as the product of the future, which is a bit mind-boggling considering that in our own country right now we're not even being considered." The government wants to find a replacement for the military's CP-140 Aurora planes.

Comment by Shamhorish on Oct 26, 2023 9:00am
Martel is right but the thing that he is missing and many others do miss too is that (and that is my opinion) Ottawa does not make those type of decisions, USA tell canada what to buy thing that he is missing and many others do miss too is that (and that is my opinion) our gov. runs the country for the benefits of others, Ottawa does not make those type of decisions, our gov is like watch dogs .
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