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Stock Market & Financial Investment News

News Breaks
March 14, 2013
12:54 EDTBDRBF, GRMNGarmin to provide short term interest free loan of $173.7M to Bombardier
Garmin (GRMN) disclosed in a regulatory filing that its subsidiary Garmin International entered into a Memorandum of Agreement with Bombardier (BDRBF). In order to assist Bombardier in connection with delayed cash flows from the program to develop avionics system for the Lear 70 and Lear 75 aircraft for Learjet, a subsidiary of Bombardier, Garmin International agreed to provide Bombardier a short term, interest free, loan of $173.7M in cash in seven installments beginning on March 22, 2013 and ending on September 20, 2013 pursuant to the terms and conditions of the Agreement. Conditional upon Garmin International returning to Learjet a flight test vehicle and delivering specified Garmin software and hardware to Learjet no later than July 11, 2013, Bombardier will repay the loan in five installments beginning on November 1, 2013 and ending on March 7, 2014, provided that the repayment dates will be extended on a day for day basis if the July 11, 2013 milestone date is extended, the company said. Garmin International is the supplier of the avionics system for the Lear program and the delayed cash flows are partially related to the certification of the avionics exceeding the planned delivery date, the company said.
News For GRMN;BDRBF From The Last 14 Days
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July 6, 2015
11:17 EDTBDRBFBombardier Challengers receive certification from Colombia's Civil Aviation
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10:07 EDTGRMNGarmin says ALJ initially determines no infringement on Navico patents
Garmin International, a subsidiary of Garmin, announced that an Administrative Law Judge at the International Trade Commission issued an initial determination in the investigation brought by Navico Holdings against Garmin. The ALJ’s initial determination concluded that Garmin’s DownVü scanning sonar technology does not infringe upon any patented aspect of Navico’s downscan technology, the company said, adding that the ruling is subject to review by the ITC.
June 30, 2015
17:48 EDTBDRBFBombardier delivers first of seven CRJ900 aircraft to Mesa Airlines
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June 29, 2015
05:32 EDTBDRBFBombardier awarded contract to provide 162 MOVIE vehicles to India metro
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05:31 EDTBDRBFBombardier awarded $228M contract to provide 162 MOVIA vehicles to Delhi Metro
Bombardier Transportation has won a contract to supply 162 Bombardier MOVIA metro cars to Delhi Metro Rail , or DMRC. The new trains will increase the number of DMRC's existing fleet of MOVIA metros from 614 to 776 and make it one of the largest metro fleets in the world. The order is valued at approximately $228M, and delivery will begin in 3Q16 and is expected to end in early 2018.
June 28, 2015
18:02 EDTBDRBFBombardier union ratifies collective agreements
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June 26, 2015
07:01 EDTGRMNGarmin introduces Rino 650t two-way radio handheld
Garmin International announced a new model of rugged two-way radio handhelds, the Rino 650t. Boasting a built-in 5-watt FRS/GMRS radio for a communication range of up to 20 miles, the Rino 650t comes preloaded with detailed TOPO U.S. 100K maps and a one-year subscription to BirdsEye Satellite imagery. Like previous Rino models, the new 650t features a 2.6” glove-friendly color display and a full navigational toolset with high-sensitivity GPS, barometric altimeter, 3-axis electronic compass and NOAA weather radio.

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