Canadian Company Press Release
BBD.A 1999-12-09 (provided courtesy of Canadian Corporate News.)
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Bombardier Welcomes $470 Million Canadian Contract for its Joint Venture
Company
MONTREAL, QUEBEC--Bombardier Aerospace welcomes today's
announcement by the United Kingdom Ministry of Defence of a
Cdn$470 million (US$319 million) contract for the Starstreak(R)
missile system which has been awarded to Shorts Missile Systems
Ltd (SMS). SMS is a 50:50 joint venture between Bombardier's
subsidiary, Short Brothers plc, and Thomson-CSF, the French
defence electronics corporation.
Starstreak is a very short-range, high velocity missile system
which is immune to all known countermeasures and is designed to
protect against attacking jet aircraft and helicopters. This
contract follows previous development and production contracts for
Starstreak which was formally accepted into UK service in 1997.
This new order, which will sustain production at SMS's plant in
Northern Ireland and its 500-person workforce for the next five
years, will equip British Army Air Defence Forces responsible for
front line, rapid reaction and reserve force operations.
Bombardier Aerospace, a unit of Bombardier Inc., is the world's
third largest civil aircraft manufacturer with operations in three
countries. Leading the 20- to 70-passenger regional carrier
market, Bombardier Aerospace offers complete families of turboprop
and regional jet aircraft. It has the industry's widest range of
business jets, offering both full and fractional ownership, and
also produces firefighting/maritime mission aircraft. It provides
technical services, aircraft maintenance and pilot training to
business, regional airline and military customers.
Bombardier Inc. is a Canadian corporation active in the fields of
aerospace, rail transportation equipment, recreational products,
financial services and services related to its products and core
businesses. It operates plants in 12 countries in North America,
Europe and Asia, and more than 90 per cent of its revenues are
generated outside Canada. Bombardier's revenues for its fiscal
year ended January 31, 1999 totalled (Cdn)$11.5 billion
(R) Registered trademarks of Bombardier Inc. |
