Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Bombardier, maker of planes and trains and other things -- Ignore unavailable to you. Want to Upgrade?

To: Gilbert Drapeau who wrote (713)	2/16/2000 10:20:00 AM
From: Gilbert Drapeau	Read Replies (1) \| Respond to of 1177

Bombardier Provides an Update on its Deliveries and Backlogs FEBRUARY 16, 2000 MONTREAL, QUEBEC--In the context of its financial year-end on January 31, 2000, Bombardier today provided an update on its deliveries and order backlogs for the last 12 months for the aerospace and transportation segments. Aerospace The aerospace segment achieved strong growth in the number of aircraft delivered to customers reaching a new record of 292 units, a 29 % increase compared to 227 units for the same period the previous year. This increase is mainly attributable to the business aircraft segment with 183 aircraft delivered compared to 113 for the same period last year. Deliveries of business aircraft were as follows: 34 Global Express, 40 Challenger 604, 29 Learjet* 60, 55 Learjet 45 and 25 Learjet 31A. In the commercial aircraft segment, 104 aircraft were delivered to customers, two more than for the previous year. Deliveries of the CRJ* Series 100 and 200 reached 81 compared to 72 during 1998-1999, and deliveries of turboprops reached 23 compared with 30, as follows: 16 Series Q100 and 200, 6 Series Q300, and one of the new Series Q400. Bombardier Aerospace ended the year with a solid backlog totalling 435 regional aircraft on firm order as opposed to 323 at January 31, 1999. Furthermore, five Canadair* 415 amphibious aircraft were delivered and the order backlog at the end of the financial year stood at 11 aircraft. The value of Bombardier Aerospace's total order backlog reached $18.9 billion at January 31, 2000 compared to $16.2 billion at the end of the previous year. Transportation New orders received by Bombardier Transportation during the year totalled $2.9 billion. Among new orders received during the financial year, the largest one was for the delivery of 226 commuter cars to MTA/Long Island Rail Road valued at $758 million. With options for 808 additional cars, the total value of the contract could reach over $3 billion. In Europe, the largest order was received from the SNCB in Belgium for 210 bi-level commuter cars, valued at $318 million. Bombardier Transportation also achieved a breakthrough in the vast Chinese market when the joint venture partnership with Power Pacific Corporation and Sifang was awarded an order for 300 passenger vehicles valued at $345 million. The value of Bombardier Transportation's order backlog totalled $8.3 billion at the end of the financial year, compared to $9.3 billion at January 31, 1999. The decrease is mainly attributable to a variation in exchange rate related to the backlog for the European operations. In addition, since the beginning of the new financial year, Bombardier Transportation received two major orders totalling $783 million for rail transportation equipment to be produced in its European facilities. Unaudited financial results for the year ended January 31, 2000 will be released on March 23, 2000. Bombardier Inc. is a Canadian corporation active in the fields of aerospace, rail transportation equipment, recreational products and financial services. It operates plants in 12 countries in North America, Europe and Asia, and more than 90 % of its revenues are generated outside Canada. * Trademarks of Bombardier Inc.