Advertisement
UK markets open in 35 minutes
  • NIKKEI 225

    38,570.76
    +88.65 (+0.23%)
     
  • HANG SENG

    18,389.85
    +474.30 (+2.65%)
     
  • CRUDE OIL

    81.55
    -0.02 (-0.02%)
     
  • GOLD FUTURES

    2,344.10
    -2.80 (-0.12%)
     
  • DOW

    38,834.86
    +56.76 (+0.15%)
     
  • Bitcoin GBP

    51,512.16
    -121.94 (-0.24%)
     
  • CMC Crypto 200

    1,350.20
    +12.45 (+0.93%)
     
  • NASDAQ Composite

    17,862.23
    +5.21 (+0.03%)
     
  • UK FTSE All Share

    4,467.95
    +30.42 (+0.69%)
     

Bombardier CEO voices concerns over awarding Canada's defense contract to Boeing

Bombardier unveils a mockup of its new Challenger 3500 business jet in Montreal

(Reuters) - Bombardier Inc Chief Executive Eric Martel voiced concerns over Canada's potential plan to buy reconnaissance jets directly from Boeing Co instead of tapping its home-grown aerospace industry through a bidding process.

"As President and CEO of Bombardier, I want to publicly share my concern that Canada, which is facing an important choice about the airborne surveillance of its vast borders, may be considering awarding a sole-source contract directly to Boeing."

Martel's comments come after a recent media report that Canada was considering a multi-billion dollar purchase of up to a dozen P-8 Poseidon aircraft from Boeing.

Martel pushed for Bombardier's jets, saying the Canadian planemaker's Global 6500 aircraft "will be the right-sized solution and will respond to Canada's needs".

Boeing did not immediately respond to a request for comment.

(Reporting by Aishwarya Nair in Bengaluru; Editing by Anil D'Silva)