19:02:32 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Bombardier Inc (2)
Symbol BBD
Shares Issued 86,674,871
Close 2023-05-31 C$ 53.82
Market Cap C$ 4,664,841,557
Recent Sedar Documents

Post/CP say Bombardier pushes for military supply deal

2023-06-01 09:05 ET - In the News

The National Post reports in its Thursday edition that Bombardier said Wednesday that Ottawa would be making a mistake if it opts to go with Boeing in replacing Canada's aging military patrol planes. A Canadian Press dispatch to the Post says that Montreal-based business jet maker partnered this year with U.S. rival General Dynamics on a surveillance aircraft with submarine hunting technology. The plane would be a modified version of the Global 6500, equipped with tech and sensors from General Dynamics Mission Systems Canada. Both partners are calling on the feds to launch an open procurement process to supplant the Armed Forces' 14 CP-140 Aurora maritime patrol planes, set to retire in 2030 after a half century of service. The feds have said they are still weighing options for the multibillion-dollar contract. However, in March it stated that Boeing's P-8A Poseidon is "the only currently available aircraft that meets all of the CMMA [Canadian Multi-mission Aircraft] operational requirements" -- particularly around intelligence gathering, surveillance and anti-submarine warfare. The March 27 statement followed a letter of request for an offer on 16 Poseidons, sent via the U.S. government's foreign military sales program.

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