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Bombardier Inc
Symbol BBD
Shares Issued 313,900,549
Close 2017-09-18 C$ 2.41
Market Cap C$ 756,500,323
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Globe says PM doubles down on Bombardier threats

2017-09-19 08:21 ET - In the News

The Globe and Mail reports in its Tuesday edition that Prime Minister Justin Trudeau has raised the stakes in Ottawa's dispute with Boeing, vowing to freeze out the U.S.-based aerospace giant from any federal contract as long as it pursues its trade dispute against Bombardier. The Globe's Daniel Leblanc writes that the PM's threat was aimed at a $6.4-billion deal for 18 new Super Hornet fighter jets from Boeing. Still, his words could eventually apply to a much bigger prize, namely Ottawa's plans to buy 88 new fighter jets to replace Canada's CF-18 fleet in the next decade at a cost of nearly $20-billion. "We won't do business with a company that is busy trying to sue us and put our aerospace workers out of business," Mr. Trudeau said on Monday, before repeating his comments in French to maximize their impact across the country. This was the Liberal government's strongest rhetoric to date in the dispute that started with Boeing's complaint to the U.S. Department of Commerce against the Bombardier C Series aircraft in April. According to Boeing, Bombardier is dumping its newly designed aircraft in the American market at "predatory" prices because of illegal federal and provincial subsidies.

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