Russia is set to significantly increase its expenditure on defence and national security according to a draft 2023 to 2025 budget.
Bombardier reports fiscal year 2008/09 performance
Bombardier Aerospace announced today that it delivered 353 aircraft for the fiscal year ending 31 January 2009. The company received received 378 aircraft orders, net of cancellations, compared to an exceptional 698 orders, net of cancellations, for the previous fiscal year.
For the current fiscal year 2009/10, Bombardier expects to deliver a slightly lower total number of aircraft than the last fiscal year.
"The industry is experiencing strong turbulence and we anticipate more volatility in the short term. The fundamentals of Bombardier Aerospace are solid, but we expect we will face more challenges this year," said Guy Hachey, president and COO, Bombardier Aerospace.
For commercial aircraft, in fiscal year 2008/09, Bombardier delivered 110 aircraft – 56 CRJs and 44 Q Series turboprops – compared to 128 during the same period last year. The order intake for fiscal year 2008/09 totalled 114 aircraft, net of cancellations, compared to 238, net of cancellations, for the previous year. The net orders compris 47 CRJs and 67 Q400s.
As a result of the rising demand for the Q400, its production rate will be increased, while the CRJ production rate remains unchanged. Bombardier expects to deliver in the current fiscal year 2009/10, approximately 10% more commercial aircraft compared to last fiscal year 2008/09. The compaby reports that the CSeries programme continues to make "excellent progress".
Bombardier Aerospace's overall employment numbers are to remain substantially level as recruitment for new permanent open positions, mostly for the new aircraft programmes, which will partly offset the previously-announced reduction of 1,360 jobs. The total number of permanent open positions is approximately 830 at Bombardier's Montreal and Belfast sites.
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