#BOMBARDIER AIRCRAFT FREE#

вЂњIt will allow us to bring our extensive technical expertise to one of the industryвЂ™s biggest growth programs, while solidifying our position as a leading wing provider. вЂњThis acquisition is a perfect strategic fit for Bombardier Aerostructures,вЂќ said Danny Di Perna, President, Bombardier Aerostructures and Engineering Services. To support a seamless transition of wing production and deliveries for the GlobalВ 7500 program, which successfully entered into service in December 2018, Bombardier will enter into a lease agreement for TriumphвЂ™s Red Oak, Texas, facility and continue to operate the production line with the employees currently supporting the program. The acquired operations will be incorporated into BombardierвЂ™s Aerostructures and Engineering Services segment. The acquisition will strengthen BombardierвЂ™s position as a leading aerostructures manufacturer and secure the production ramp-up and long-term success of BombardierвЂ™s flagship business jet. 24, 2019 (GLOBE NEWSWIRE) - Bombardier (TSX: BBD.B) today announced a definitive agreement to acquire the Global 7500 wing program from Triumph Group Inc.

#BOMBARDIER AIRCRAFT FREE#

Transaction is not expected to impact BombardierвЂ™s consolidated 2019 EBIT and free cash flow (1) guidance, and 2020 targets.Acquisition will strengthen BombardierвЂ™s position as a leading aerostructures manufacturer.Transaction is expected to close in the first quarter of 2019 for a nominal cash consideration.Bombardier will continue to operate the production line and integrate the employees currently supporting the program at TriumphвЂ™s Red Oak, Texas facility.Acquisition will secure the production ramp-up and long-term success of BombardierвЂ™s GlobalВ 7500 program.Bombardier enters into a definitive agreement to acquire TriumphвЂ™s GlobalВ 7500 wing manufacturing operations and assets.

Bombardier aircraft