Bombardier shares stronger, EADS still falling


Shares in Bombardier rose 3.7% at the close of trading on Tuesday. The Canadian company recently announced it has received firm orders from an undisclosed customer for eight large business jets, valued at USD383 million. Bombardier is maintaining that its CSeries is on track for its 2013 entry into service, although it has been almost 12 months since the aircraft recorded a new customer.

  • Bombardier receives firm orders for eight large business jets, boosting shares by 3.7%.
  • The customer's identity remains undisclosed, but the deal is valued at USD 383 million.
  • Bombardier maintains that its CSeries is on track for its planned 2013 entry into service.
  • Other aircraft manufacturers, including United Aircraft Corp, Embraer, and Boeing, also experience share price gains.
  • EADS, however, sees a slight decline in share price despite the recent WTO ruling on US government subsidies to Boeing.
  • The overall trend in the selected original equipment manufacturers' share prices is positive.

Other aircraft manufacturer shares were generally stronger, with United Aircraft Corp up 2.1%, Embraer gaining 1.9% and Boeing up 1.2%. EADS was down 0.3%, despite all the noise the company has generated from the WTO ruling on US government subsidies to Boeing.

Selected original equipment manufacturers' share price movements: (% change): 01-Feb-2011


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