Canada has picked Lockheed
Martin Corp as the preferred bidder to supply 88 new
fighter jets, Procurement Minister Filomena Tassi said Monday,
in a clear sign the U.S. company is set to win. | March 28, 2022
Message :
Required fields
(Reuters) - Bombardier Inc said on Monday it expects first-quarter business jet revenue to come in ahead of analysts estimates, as rising vaccinations encourage wealthy travelers to return to flying.
The company s shares rose 4% in early trading.
Business jet makers are seen benefiting as more people start flying mainly for leisure purposes following easing of coronavirus-led restrictions.
The Montreal-based maker s U.S. rival Textron Inc last week posted better-than-expected results, propelled by a rebound in demand for its small and medium business jets.
Bombardier, the maker of Global aircraft, said it expects first-quarter adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) from continuing operations of $123 million, above analysts average estimate of $89 million, according to IBES data from Refinitiv.