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January 9, 2019 4:05 PM Bombardier signs $669M rail car deal with N.J., but no work north of border

MONTREAL—Bombardier Inc. has signed a $669-million (U.S.) deal to provide 113 commuter rail cars to New Jersey. The company says the contract will yield no additional work in Canada, with Buy American rules prompting Bombardier’s plant in Plattsburgh, N.Y., to build the multi-level cars, rather than its facility in Quebec. As of 2018, at least 65 per cent of the cost of components 142

December 12, 2018 6:54 PM Via Rail places $989-million train order with Siemens for key rail corridor

MONTREAL—Via Rail has selected Germany’s Siemens over Bombardier Inc. for a $989-million contract to build new rolling stock as the Canadian passenger rail service renews its fleet of locomotives and cars for the rail corridor between Quebec City and Windsor, Ont. Via Rail and Siemens also announced a 15-year technical services and parts agreement valued 146

December 12, 2018 4:39 PM Canada’s state railway set to give order to Siemens over Bombardier

Canada’s state-owned Via Rail has picked Germany’s Siemens AG for a new order of locomotives and passenger cars, dealing Bombardier Inc. a second high-profile setback on its home turf this year, said people familiar with the matter. An announcement about the company’s fleet replacement plans is scheduled to be made by Via Rail chief executive officer 128

December 11, 2018 3:24 PM Bombardier to unveil its biggest luxury jet next week

Montreal-based Bombardier is counting on the Global 7500 to generate at least $2.5 billion of annual sales by 2020 as the company trims its commercial-plane operations to focus on business jets and trains. Canada’s largest aerospace company needs the boost from the long-range plane as it grapples with $9.5 billion in adjusted debt and bond maturities 127

December 6, 2018 3:32 PM Bombardier forecasts 10% revenue boost in 2019 after plans for 5,000 layoffs

The Montreal-based company, which reports in U.S. dollars, forecasts total revenues of about $18 billion (U.S.) next year, as the freshly certified Global 7500 — its longest-range business jet — enters into service. The jetliner, sold out through 2021, will contribute to an expected $6.5 billion in business aircraft revenues. Both figures align roughly 125

December 3, 2018 6:31 PM ‘Logic will prevail’ with politicians ratifying USMCA, says BRP chief executive

Returning to pre-NAFTA trade policies would create uncertainty and deep negative consequences, especially for the automotive industry for the revised trade agreement not to be approved, he said after ringing the opening bell on the Toronto Stock Exchange. The Quebec-based recreational product manufacturer is celebrating 15 years since being spun off from Bombardier 107

November 20, 2018 7:47 PM Bombardier has runway to recover from share price collapse, analysts say

Bombardier shares have fallen more than 60 per cent since July on concerns about its hefty debt and its ability to generate promised free cash flow. Even with Monday’s 24 per cent rebound to $2.07, Cameron Doerksen of National Bank Financial says the sell-off is unjustified, maintaining his target price at $5.50. Given market conditions, analysts expect 88

November 19, 2018 5:18 PM Bombardier shares rebound from Friday’s loss by gaining more than 20 per cent

The increase essentially put the stock back to the level it was at before Friday’s dramatic decrease to $1.58. Even at the current level, Bombardier’s shares have lost half their value in the past month and are down 16 per cent from their closing price after it disclosed free cash flow guidance for 2018 and 2019 that surprised and disappointed analysts 86

November 16, 2018 11:43 AM Bombardier executive stock plan under the microscope by securities regulator

The premier was speaking on the eve of a meeting between Economy and Innovation Minister Pierre Fitzgibbon and Bombardier chief executive Alain Bellemare, a week after the company announced it would lay off 5,000 workers, including 2,500 in Quebec and 500 in Ontario. The multinational has not ruled out the possibility of spinning off the CRJ series 110

November 14, 2018 12:16 PM Bombardier to weigh partnerships for regional jet program

“We might look at partnering if it makes sense, but the primary focus right now is to strengthen the backlog so that we have a longer-term view,” CEO Alain Bellemare said Tuesday at a Scotiabank conference in Toronto. “Then maybe we can do some avionics upgrades and create more value for our customers. We’re going to try to make it work, and we’ll see where 90