Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Bombardier Inc.    BBD.B   CA0977512007

BOMBARDIER INC.

(BBD.B)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Bombardier : Transportation wins contract for Chinese high-speed train cars

11/20/2020 | 05:01am EST
Bombardier Transportation wins contract for Chinese high-speed train cars

Bombardier Transportation has announced that its Chinese joint venture, Bombardier Sifang (Qingdao) Transportation Ltd. (BST), has been awarded a contract from China State Railway Group Co., Ltd. (CHINA RAILWAY) to supply 112 CR300AF cars - the new Chinese standard high-speed train car used for China's evolving high-speed rail network.

The 112 cars will be configured into 14 eight-car trainsets with an operating speed of 250 km/h. The contract is valued at approximately $248 million. Bombardier Transportation owns 50 per cent of the shares in BST, which is consolidated by Bombardier Transportation's partner, CRRC Sifang Rolling Stock Co., Ltd.

President of Bombardier Transportation China, Jianwei Zhang, said: "We are honoured to have been chosen to supply the new generation of high-speed railway CR300AF trains through our BST joint venture. We sincerely thank CHINA RAILWAY for its trust and CRRC for its support. We will deliver the state-of-art trains at quality, within budget and on time."

This latest order is BST's first contract for the new generation of high-speed trains, the CR300AF, which has an operating speed of 250 km/h. Among the 14 trainsets, 10 are for Fujian Fuping Railway Co. Ltd., and the remaining trainsets are for Guangdong Meizhou-Shantou Passenger Dedicated Line Co., Ltd.

BST was first chosen to supply the new Chinese standard high-speed train cars in 2018, and since then has delivered a total of 448 350 km/h CR400AF and CR400AF-A cars to CHINA RAILWAY. This new order reflects the trust and satisfaction that the customer has placed in BST. All 112 cars will be delivered by January 2021.

Bombardier Transportation in China is the full solution provider across the entire value chain. From vehicles and propulsion to services and design, Bombardier Transportation in China has seven joint ventures, six wholly foreign-owned enterprises, and more than 8,000 employees. Together, the joint ventures have delivered 4,600 railway passenger cars, 580 electric locomotives and over 3,000 metro cars, Monorail, APM and trams to China's growing rail transit markets. It is a major signalling supplier to the Chinese high-speed network and, through its joint ventures, propulsion equipment and signalling systems are utilised in a total of 30 Chinese cities.

© Russell Publishing Limited, 2020. All Rights Reserved., source Trade Journals

Stocks mentioned in the article
ChangeLast1st jan.
BOMBARDIER INC. -2.56% 0.76 Delayed Quote.58.33%
CHINA RAILWAY GROUP LIMITED -1.96% 5.49 End-of-day quote.4.17%
All news about BOMBARDIER INC.
01/21TSX falls as energy, materials drag
RE
01/21BOMBARDIER : GTS Rail orders three additional BOMBARDIER TRAXX locomotives
AQ
01/20BOMBARDIER : UK Export Finance unlocks trade to Egypt and supports UK jobs with ..
AQ
01/20UK Export Finance Backs $2.3 Billion Deal To Build Monorails In Egypt
MT
01/19CHINA RAILWAY : awards maintenance contract to Bombardier JV for high-speed trai..
AQ
01/15BOMBARDIER : begins mid-life overhaul of Israel Railways' double-deck fleet
AQ
01/14French government hardens stance against Carrefour takeover
RE
01/14The earnings season picks up steam
01/14BOMBARDIER : SNCF orders three additional OMNEO Regio 2N trains from Bombardier
AQ
01/13CHINA RAILWAY : Bombardier's Chinese JV to supply 16 new high-speed train CR400A..
AQ
More news
Financials (USD)
Sales 2020 13 776 M - -
Net income 2020 -619 M - -
Net Debt 2020 7 603 M - -
P/E ratio 2020 -2,20x
Yield 2020 0,21%
Capitalization 1 498 M 1 499 M -
EV / Sales 2020 0,66x
EV / Sales 2021 0,90x
Nbr of Employees 53 900
Free-Float 88,4%
Chart BOMBARDIER INC.
Duration : Period :
Bombardier Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BOMBARDIER INC.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Average target price 0,39 $
Last Close Price 0,60 $
Spread / Highest target -9,98%
Spread / Average Target -34,3%
Spread / Lowest Target -64,1%
EPS Revisions
Managers and Directors
NameTitle
Éric Martel President, Chief Executive Officer & Director
Pierre Beaudoin Chairman
Paul Sislian Executive Vice President-Operations
Bart W. Demosky Chief Financial Officer & Executive Vice President
François Caza Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
BOMBARDIER INC.58.33%1 499
RAYTHEON TECHNOLOGIES CORPORATION-5.50%101 936
LOCKHEED MARTIN CORPORATION-4.31%95 093
NORTHROP GRUMMAN CORPORATION-2.58%49 708
GENERAL DYNAMICS CORPORATION2.65%43 740
L3HARRIS TECHNOLOGIES, INC.-2.76%38 619