Geometry Dash APK Hill Climb Racing APK
67.1 F
New York
Saturday, June 3, 2023

Bombardier, Inc. (OTCMKTS:BDRBF) Uptrend at Risk: In Focus

Must read

Asia Broadband Inc (OTCMKTS:AABB) Is Up 1100% This year: What’s The Buzz?

There are some stocks that have managed to clock massive over the course of the past month or so and one of...

Blockchain Technologies Ltd (OTCMKTS:HVBTF) Makes A Stunning Move on Blockchain Optimism

The cryptocurrency boom has sustained for many months now and it anything; it is expected to continue in the future.

Bombardier, Inc. (OTCMKTS:BDRBF) Continues to Gain Momentum and Strength

Many stocks have managed to record significant gains in recent months and one that often flies under the radar is Bombardier,...

Grayscale Bitcoin Trust (Btc) (GBTC) Makes Big Move As Bitcoin Goes Wild

Bitcoin, the world’s biggest cryptocurrency by market cap, has been in the middle of a remarkable rally for the past few months...

British company Bombardier, Inc. (OTCMKTS:BDRBF) came into sharp focus among investors last week after a significant development.

Major Triggers

Bombardier Rail, which is the train arm of the company Bombardier Inc, got export funding worth as much as $2.3 billion from the government ahead of its merger with French company Alstrom SA.

It is a significant boost for the company and resulted in a significant boost for Bombardier, Inc. (OTCMKTS:BDRBF) over the past week. The Bombardier stock rallied by as much as 30% last week and it is likely going to be on the radars of many investors this week.

It has also been revealed that Bombardier is going to invest the fresh capital into its factory that is located in Derby. The company recently bagged a contract worth 2.4 billion Euros to manufacture trains meant for the monorail lines in Cairo, Egypt.

More importantly, the cash injection is also going to help Bombardier in supporting as many as 100 jobs directly. The factory in Derby employs a total of 2000 people at this point.

The United Kingdom Export Finance has turbocharged its activities as the country is now trying to forge trading links all over the world following Brexit. Bombardier Transportation, which is based out of Berlin, is going to be acquired by Alstom soon and it will create a behemoth.

The merger is going to create an entity made up of two of the three biggest manufacturers of trains in Europe and is expected to be concluded on January 29. On the other hand, there was significant news with regards to Bombardier’s business last week.

It was announced last week that Bombardier Sifang (Qingdao) Transportation Ltd, its joint venture in China, has been awarded the contract for providing maintenance services to 280 high-speed trains. The contract is worth as much as $192 million and has provided the Chinese joint venture a major boost.

Disclaimer: We hold no position in Bombardier stock.

Latest article

Alibaba Group Holding Limited (OTCMKTS:BABAF) Big Volume with Possible 60% Upside

Alibaba Group Holding Limited (OTCMKTS:  BABAF) is an over the counter stock traded on the OTC Pink markets in the Consumer Discretionary...

Trans Global Group Inc (OTCMKTS:TGGI) Stock In Focus After Operational Updates

The Trans Global Group Inc (OTCMKTS:TGGI) stock may not have been in the news today yet but it...

Why Hycroft Mining (NASDAQ:HYMC) Stock Shot Up 700%

If you are on the hunt for stocks that may have made major gains over the course of the past week, then...

Secure Paymentz releases banking software demo on Github

This is a paid announcement from one of our advertising partners. How to Leverage Your Trading Position by Secure...

Advanced Asset Management Announces New Website Launch

This is a paid announcement from one of our advertising partners. Financial Planner in Grandville, Michigan
Şehirler arası nakliyat ve Şehirler arası taşımacılık konusunda en uygun fiyatlar ve en kaliteli hizmet.
ofis taşıma firmaları ve ofis taşıma konusunda en uygun fiyatlar ve en kaliteli hizmet. Affordable best sms verification service