Bombardier Confirms the Closing of the Aerostructures Business Transaction
October 30 2020 - 8:38AM
The closing of the previously announced aerostructure business
transaction between Bombardier Inc. (TSX: BBD.B) and Spirit
AeroSystems Holding, Inc. (NYSE : SPR) came into effect today on
October 30, 2020.
Spirit now owns Bombardier’s aerostructures activities and
aftermarket services operations in Belfast, U.K.; Casablanca,
Morocco; and its aerostructures maintenance, repair and overhaul
(MRO) facility in Dallas, U.S. in exchange for cash consideration
of $275 million, Spirit’s assumption of liabilities, including
government refundable advances, pension obligations, as well as
certain adjustments to the parties’ trading agreements favourable
to Bombardier. The total transaction value is approximatively $1.2
billion.
About BombardierWith over 52,000 employees
across two 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 Montréal, Canada, Bombardier has production and
engineering sites in over 25 countries across the segments of
Aviation and Transportation. Bombardier shares are traded on the
Toronto Stock Exchange (BBD). In the fiscal year ended December 31,
2019, Bombardier posted revenues of $15.8 billion. News and
information are available at bombardier.com or follow us
on Twitter @Bombardier.
Bombardier is a trademark of Bombardier Inc. and its
subsidiaries.
For InformationJessica McDonaldAdvisor, Media
Relations and Public Affairs Bombardier Inc. +1 514 262
7255jessica.mcdonald@bombardier.com
Patrick GhocheVice President, Corporate Strategy and Investor
RelationsBombardier Inc.+514 861 5727
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