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May 30, 2014
14:50 EDTBDRBF, UTXBombardier 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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October 8, 2015
10:00 EDTUTXOn The Fly: Analyst Initiation Summary
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09:01 EDTUTXJPMorgan hosts an Electrical Equipment/Analyst Industry conference call
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07:15 EDTUTXUnited Technologies initiated with a Neutral at JPMorgan
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October 7, 2015
19:58 EDTBDRBFBombardier not in liquidity crisis, may renew Airbus talks, Globe and Mail says
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06:08 EDTBDRBFAirbus ends talks on Bombardier C Series jet, Financial Times reports
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October 6, 2015
18:50 EDTBDRBFBombadier confirms it held talks with Airbus
Following the Airbus Group's statement indicating that the Group held talks with Bombardier regarding certain business opportunities, Bombardier confirms that such discussions occurred and are no longer being pursued. As previously mentioned, Bombardier will continue to explore initiatives such as a potential participation in industry consolidation. The Corporation will neither comment nor speculate on the potential outcomes of its commercial discussions.
17:01 EDTBDRBFBombardier offers stake in CSeries program to Airbus, Reuters reports
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October 5, 2015
05:31 EDTBDRBFBombardier selects Tech Mahindra as health management system supplier
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October 2, 2015
12:23 EDTUTXSupply chain issues impact Pratt & Whitney production this summer, WSJ says
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08:54 EDTBDRBFJPMorgan aerospace/defense analysts hold an analyst/industry conference call
Analysts provides a strategic update and outlook for Bombardier on an Analyst/Industry conference call to be held on October 2 at 10:30 am.
06:31 EDTBDRBFBombardier signs agreements for total of up to 16 CRJ series aircraft
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October 1, 2015
18:19 EDTUTXSikorsky Aircraft awarded $189.43M government contract
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06:40 EDTBDRBFBombardier looks for investors for business units, Reuters reports
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September 30, 2015
19:57 EDTUTXDoD concerned about 'excessive consolidation' after Lockheed-Sikorsky deal
Frank Kendall, the Under Secretary of Defense for Acquisition, Technology and Logistics, said in a statement earlier Wednesday that alluded to Lockheed Martin's (LMT) acquisition of United Technology's (UTX) Sikorsky unit, "With size comes power, and the department's experience with large defense contractors is that they are not hesitant to use this power for corporate advantage." Kendall added that the DoD would work with Congress to "explore additional legal tools and policy to preserve the diversity and spirit of innovation that have been central to the health and strength of our unique, strategic defense industrial base, particularly at the prime contractor level." Reacting to Kendall's statement, Lockheed spokesman Dan Nelson said, "There is no evidence to support the view that larger defense companies reduce competition or inhibit innovation... We believe that defense contractors should continue to be assessed based on the performance and effectiveness of the products and solutions offered, not on the size of their company."
05:44 EDTBDRBFBombardier names RAC as unidentified aircraft purchaser of five Q400 aircraft
Bombardier Commercial Aircraft announced that Okinawa-based Ryukyu Air Commuter, or RAC, is the unidentified airline that had signed a firm purchase agreement for five Q400 turboprop airliners previously announced in July 2014. RAC, which is a part of the Japan Airlines Group, is also the launch customer of the Q400 cargo-combi variant announced at the Farnborough Airshow in July 2014. All five aircraft ordered by RAC will be delivered in combi configuration. As previously announced by Bombardier, based on the list price for the Q400 aircraft, the transaction is valued at approximately $168M.
September 28, 2015
15:33 EDTUTXPratt & Whitney renews JV agreement for training center in Beijing
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