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May 30, 2014
14:50 EDTUTX, BDRBFBombardier confirms engine-related incident on CSeries FTV1 aircraft
Bombardier (BDRBF) confirmed that late yesterday there was an engine-related incident during stationary ground maintenance testing involving the CSeries FTV1 aircraft at its facility in Mirabel, Quebec. Bombardier is investigating the incident with the support of Pratt & Whitney, a unit of United Technologies (UTX), and the appropriate authorities. "Safety is the priority, and the CSeries aircraft flight test program will resume once the investigation is completed," Bombardier said.
News For BDRBF;UTX From The Last 14 Days
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November 25, 2015
17:43 EDTUTXPratt & Whitney awarded $214.6M government contract modification
United Technologies, Pratt & Whitney, Military Engines, is being awarded a $214.6M modification to a previously awarded fixed-price-incentive-firm, cost-plus-incentive-fee contract for Low Rate Initial Production, or LRIP, Lot 10 annualized sustainment in support of the F-35 Joint Strike Fighter aircraft for the U.S Navy, U.S Air Force, U.S. Marine Corps, Non -U.S. Department of Defense (DoD) participants and foreign military sales customers. This effort includes support services for LRIP 10 propulsion systems as well as hardware and training course material and equipment. Work is expected to be completed in April 2019. FY16 aircraft procurement funds; FY16 operations and maintenance funds; non-U.S. DoD participants and foreign military sales funds in the amount of $214.6M are being obligated on this award, none of which will expire at the end of the current fiscal year. This contract combines purchases for the U.S. Air Force; U.S. Marine Corps; the U.S. Navy; international partners; and foreign military sales customers under the Foreign Military Sales program. The Naval Air Systems Command, Patuxent River, Maryland, is the contracting activity.
06:50 EDTBDRBFBombardier to supply four additional FLEXITY trams to Australia's GCLRT
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November 23, 2015
12:26 EDTUTXCredit Suisse removes General Electric from focus list after recent run-up
Shares of global industrial giant General Electric (GE) are lower in afternoon trading after Credit Suisse's Investment Policy Committee removed the company's shares from the U.S. Focus List. WHAT'S NEW: In a note to investors this morning, Credit Suisse analyst Julian Mitchel and team noted that the firm's Investment Policy Committee removed GE shares from the U.S. focus list after the recent upward move in shares. The firm, which added GE shares to its Focus List on September 16, said the catalysts that it highlighted at that time are now largely reflected in the share price. WHAT'S NOTABLE: Although it removed GE from its U.S. and Global Focus lists, Credit Suisse maintained its Overweight rating on shares and increased its price target to $34 from $31. The firm sees GE as just starting to accelerate measures to drive up its gross margins, whereas its sector peers have already been splitting, spinning off or selling assets to enhance their profit margins higher for years. With GE selling most of its capital intensive and low-to-no growth Capital business while redirecting capital to higher growth and higher margin industrial business, Credit Suisse said shares deserve a higher premium than its peers Honeywell (HON) and United Technologies (UTX). PRICE ACTION: Shares of General Electric are down 0.65% to $30.46 in midday trading.
12:20 EDTBDRBFBombardier to host investor day
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November 19, 2015
06:02 EDTBDRBFBombardier enters agreement with CDPQ for $1.5B investment in BT Holdco
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November 17, 2015
14:50 EDTBDRBFBombardier signs MOU with Flexjet for twenty Challenger 350 aircraft
Bombardier Business Aircraft announced that it has signed a Memorandum of Understanding with Flexjet to purchase 20 Challenger 350 aircraft. The transaction is valued at approximately $544M, based on the current list price for standard-equipped aircraft.
08:31 EDTBDRBFNational Business Aviation Association to hold a convention
Business Aviation Convention & Exhibition: NBAA 2015 is being held in Las Vegas on November 17-19.
November 16, 2015
06:32 EDTUTXUnited Technologies reinstated with a Neutral at Credit Suisse
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