Bombardier Aerospace announced today that it has received a signed, firm order for five Q400 NextGen turboprop airliners.
The airline which placed the order has requested to remain undisclosed at this time, and has also taken options on an additional five Q400 NextGen aircraft.
Based on the list price for the Q400 NextGen aircraft, the firm order contract is valued at approximately $159 million US, and could rise to $332 million US if the five options are exercised.
The transaction announced today increases firm orders for Q400/Q400 NextGen aircraft to 362, with 245 delivered as of April 30, 2009. Q400 and Q400 NextGen aircraft are in service with, or have been ordered by, 30 operators around the world.
The DoD has changed its structures and is been increasing efforts to facilitate access to loans by companies interested in working with artificial intelligence, advanced materials and semiconductors, biotechnology and quantum science.
India has approved millions of dollars in new military purchases, most of which will go to public sector companies.
The main obstacles to overcoming risks in the region are a lack of a strong cybersecurity culture and inadequate funds to invest in this domain given a widespread Chinese presence in the region.
MBDA is adapting to supply chain pressures as the Russian invasion of Ukraine leads to increased demand for armaments.
Despite the additional funding promised this week, the UK armed forces still look set to face cutbacks, and maintaining international commitments to AUKUS and GCAP may limit the options for other programmes.
This week on the Shephard Defence Podcast, senior naval reporter Harry Lye and military training & simulation reporter Norbert Neumann chat with Professor John Louth.
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