BREAKING NEWS

BREAKING NEWS

Bombardier to buy Triumph's wing-making unit

Bombardier to buy Triumph's wing-making unit
@ Copyright :
PAULO WHITAKER(Reuters)
Text size Aa Aa

(Reuters) - Canada's Bombardier Inc <BBDb.TO> said on Wednesday it will buy a wing manufacturing unit from aircraft parts supplier Triumph Group <TGI.N> to boost its business jets program.

Financial terms of the deal were not disclosed, but Bombardier said the deal will add to its adjusted aerostructures revenue forecast.

The company now expects the unit to post revenue of between $2.25 billion to $2.50 billion in 2019, up from prior estimates of $2 billion (1.53 billion pounds).

(Reporting by Nivedita Bhattacharjee; Editing by Arun Koyyur)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.