Toronto, March 29, 2019 – Bombardier
Commercial Aircraft announced today that a customer, who has requested
to remain unidentified at this time, has signed an order to acquire six
new Q400 aircraft.
Based on the list price of the Q400 aircraft, the firm order is valued at approximately US$ 202 million.
“The Q400 aircraft offers the perfect balance of passenger comfort
and operating economics while maintaining its unmatched range and speed
advantage versus other turboprops,” said Fred Cromer, President,
Bombardier Commercial Aircraft. “The demand for turboprop aircraft
worldwide is tremendous and the Q Series aircraft are ideally positioned
to meet the needs of regional airlines as they offer a unique ability
to serve diverse and challenging environments. The Q400 offers the
lowest seat costs amongst turboprops, with an enhanced passenger
experience and a proven 99.5 per cent reliability.”
About Bombardier
With over 68,000 employees across
four business segments, Bombardier is a global leader in the
transportation industry, creating innovative and game-changing planes
and trains. Our products and services provide world-class transportation
experiences that set new standards in passenger comfort, energy
efficiency, reliability and safety.
Headquartered in Montreal, Canada, Bombardier has production and engineering sites in 28 countries across the segments of Transportation, Business Aircraft, Commercial Aircraft and Aerostructures and Engineering Services. Bombardier shares are traded on the Toronto Stock Exchange (BBD). In the fiscal year ended December 31, 2018, Bombardier posted revenues of $16.2 billion US. The company is recognized on the 2019 Global 100 Most Sustainable Corporations in the World Index. News and information are available at bombardier.com or follow us on Twitter @Bombardier.
CHICAGO and PARIS, Feb. 13, 2019 /PRNewswire/
— Boeing [NYSE: BA] and Safran [EPA: SAF] today announce the name of
their 50-50 joint venture to design, build and service Auxiliary Power
Units (APUs): Initium Aerospace.
From its Latin roots, initium means ‘the beginning’ or ‘to start.’
This is what an APU is and does when it provides the power to start the
main aircraft engines and systems on the ground and, if necessary, in
flight. Initium Aerospace starts with Boeing’s customer and airplane
knowledge and Safran’s experience designing and producing complex
propulsion systems.
“This is an exciting milestone as we bring together the best of both
companies to design and build an advanced APU that will create more
lifecycle value for our customers,” said Stan Deal,
president and CEO, Boeing Global Services. “This is further proof that
Boeing is making strategic investments that strengthen our vertical
capabilities and continue to expand our services portfolio.”
The creation of Initium Aerospace follows the regulatory and
antitrust approvals the joint venture received last November, after an
agreement was reached in June.
“I would like to congratulate everybody at Boeing and Safran who
contributed to the creation of this new joint venture,” said Philippe
Petitcolin, CEO of Safran. “Initium Aerospace is swiftly capitalizing on
the vast expertise of both partners to provide state-of-the-art APUs
and innovative solutions to customers. Safran is proud and totally
invested in supporting Boeing’s growth and operators expectations. We
look forward to presenting the first demonstrator engine to the market.”
The initial team consists of employees from the two parent companies and is led by Etienne Boisseau, CEO of Initium Aerospace. Initial work is being done in San Diego, California,
where they are focused on the next-generation APU design as well as
collaborating with teams across Boeing and Safran on engineering and
production.
Safran is an international high-technology group, operating
in the aircraft propulsion and equipment, space and defense markets.
Safran has a global presence, with more than 58,000 employees and sales
of 16.5 billion euros in 2017. Working
alone or in partnership, Safran holds world or European leadership
positions in its core markets. Safran undertakes Research &
Development programs to meet fast-changing market requirements, with
total R&D expenditures of around 1.4 billion euros in 2017. Safran is listed on the Euronext Paris stock exchange, and is part of the CAC 40 and Euro Stoxx 50 indices.
In February 2018, Safran took
control of Zodiac Aerospace, significantly expanding its aircraft
equipment activities. Zodiac Aerospace has 32,500 employees and
generated sales of 5.1 billion euros for its fiscal year ended August 31, 2017.
Boeing is
the world’s largest aerospace company and leading manufacturer of
commercial airplanes and defense, space and security systems. Boeing is
also the world leader in combined commercial airlines and government
services with customers in more than 150 countries. The company’s
products and tailored services include commercial and military aircraft,
satellites, weapons, electronic and defense systems, launch systems,
advanced information and communication systems, and performance-based
logistics and training. Boeing employs approximately 150,000 people
across the United States and in more than 65 countries.
Forward-Looking Information Is Subject to Risk and Uncertainty
Certain statements in this release may be “forward-looking” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the expected timetable for completing the transaction, future business prospects, and benefits and synergies of the transaction, as well as any other statement that does not directly relate to any historical or current fact. Forward-looking statements are based on current assumptions about future events that may not prove to be accurate. These statements are not guarantees and are subject to risks, uncertainties and changes in circumstances that are difficult to predict. Many factors could cause actual results to differ materially from these forward-looking statements. As a result, these statements speak only as of the date they are made and we undertake no obligation to update or revise any forward-looking statement, except as required by law. Specific factors that could cause actual results to differ materially from these forward-looking statements include the effect of global economic conditions, the ability of the parties to consummate the transaction and receive antitrust clearance, and other important factors disclosed previously and from time to time in reports filed by Boeing and Safran with their respective agencies.
Contract adds support for U.S. Navy CMV-22B variant to existing U.S. Air Force and U.S. Marine Corps customers
Contract expands and advances work that Bell Boeing has performed since 2008
PHILADELPHIA, Jan. 18, 2019 – The Bell Boeing Joint Program Office has been awarded an estimated $143,863,184 firm-fixed-price requirements contract for performance-based logistics and engineering support for the V-22 platform. This is an 11-month base contract with four one-year option periods. Locations of performance are Texas and Pennsylvania for V-22 aircraft belonging to the U.S. Navy, U.S. Air Force and U.S. Marine Corps. The contracting activity is the Defense Logistics Agency Aviation, Philadelphia, Pennsylvania.
“As one of the most in-demand assets for the U.S. military, the V-22 needs a support team that understands the technical aspects of the aircraft as well as customers’ operational needs,” said Pat Walsh, retired Admiral and Boeing vice president for U.S. Navy and Marine Corps Services. “Bell Boeing is excited to bring our OEM expertise to the V-22 fleet and deliver solutions that help ensure the aircraft are ready for any mission.”
In July, Bell Boeing received a $4 billion contract that included the manufacture and delivery of 39 CMV-22B aircraft for the Navy; 14 MV-22B aircraft for the Marine Corps; and one CV-22B for the Air Force.
Under this performance-based logistics (PBL) contract, which expands on work done since 2008 and now adds support for the Navy’s CMV-22B variant, Bell Boeing will focus on improving aircraft maintainability and mission readiness for the Navy, Air Force and Marine Corps V-22 fleets. The team’s responsibilities include site activation, maintenance planning, training and trainer support, support equipment, and dedicated field personnel for all V-22 squadrons around the globe. Bell Boeing incorporates data analytics into maintenance efforts, yielding innovative approaches such as predictive and condition-based maintenance to improve aircraft availability and readiness.
”The Bell Boeing team is dedicated to providing the safest and most reliable aircraft to the warfighter,” said Chris Gehler, Bell Vice President for the V-22 Program. “We will continue to produce innovative solutions and deliver technical expertise, training, and maintenance to enhance readiness.”
Operating as one of Boeing’s three business units, Global Services is headquartered in the Dallas area. For more information, visit www.boeing.com/services.
