Bombardier ramps up production

Article Excerpt

BOMBARDIER INC. (Toronto symbols BBD.A $2.62 and BBD.B $2.59; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 1.7 billion; Market cap: $4.5 billion; Price-to-sales ratio: 0.3; Dividend suspended in February 2015; TSINetwork Rating: Speculative; www.bombardier.com) is the world’s third-largest maker of commercial aircraft, after Boeing (No.1) and Airbus (No. 2). It’s also a leading maker of commuter trains. The company delivered seven of its new CSeries passenger jet planes in 2016. Due to delays in receiving jet engines from Pratt & Whitney, that’s well below its earlier goal of 15 planes. The company anticipates producing 30 to 35 CSeries planes in 2017. Production should increase to between 90 and 120 planes by 2020. Bombardier is still a hold. hold…