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BOEING COMPANY (THE) (BA)
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Boeing : U.S. Commerce Department Backs Boeing on Bombardier Pricing

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10/06/2017 | 07:55pm CEST
By Doug Cameron 

U.S. trade officials on Friday sought to impose additional tariffs on imports of Bombardier Inc. jetliners following a complaint from Boeing Co.

The Commerce Department ruled in favor of a complaint from Boeing and said it would add an 80% tariff to the cost of the new Bombardier CSeries jet. The jet's sale to Delta Air Lines Inc. last year prompted a complaint from the U.S. aerospace giant.

The latest decision covered alleged price dumping after the Commerce Department last month ruled Canada-based Bombardier had received unfair state subsidies and slapped a 220% tariff on CSeries imports.

A final decision on any duty is expected next year. Canada and Bombardier have both refuted the allegations. A spokesman for Bombardier couldn't be immediately reached for comment on the latest decision.

The twin rulings have inflamed a simmering trade spat with Canada, with the United Kingdom also criticizing Boeing's stance. Bombardier has a large aerospace plant in Northern Ireland.

Write to Doug Cameron at doug.cameron@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
BOEING COMPANY (THE) -1.14% 367.99 Delayed Quote.26.22%
BOMBARDIER, INC. -1.95% 4.53 Delayed Quote.49.51%
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Financials ($)
Sales 2018 98 632 M
EBIT 2018 11 405 M
Net income 2018 9 760 M
Debt 2018 3 361 M
Yield 2018 1,84%
P/E ratio 2018 22,31
P/E ratio 2019 19,01
EV / Sales 2018 2,18x
EV / Sales 2019 2,04x
Capitalization 211 B
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Number of Analysts 26
Average target price 413 $
Spread / Average Target 12%
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Managers
NameTitle
Dennis A. Muilenburg Chairman, President & Chief Executive Officer
Jenette E. Ramos Senior Vice President-Supply Chain & Operations
Theodore Colbert Chief Information Officer & SVP-Data Analytics
Gregory L. Hyslop CTO, Senior VP-Engineering, Test & Technology
Kenneth M. Duberstein Director
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