Bombardier to buy Triumph's wing-making unit

FILE PHOTO: The logo of Bombardier is seen during the Latin American Business Aviation Conference & Exhibition fair (LABACE) at Congonhas Airport in Sao Paulo, Brazil August 14, 2018. REUTERS/Paulo Whitaker - Copyright PAULO WHITAKER(Reuters)

By Reuters

Published on 24/01/2019 - 12:34•Updated 10/05/2024 - 19:32

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(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)

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