New York, NY, June 12 , 2012 - InvestorIdeas.com, a leader in sector research for independent investors issues a trading alert for TSX stock Bombardier Inc (TSX:BBD-B.TO ) , trading at $3.86 , up 0.21(5.75%) 2:09PM on over 14 Millions shares following news of NetJets orders of potential $7.3 billion US. The stock traded as high as $4.02.
The Company announced today a firm order from NetJets Inc. for 100 Challenger business jets with options for an additional 175 aircraft. Bombardier also announced a long-term aftermarket support agreement with NetJets. The transaction for the firm aircraft order is valued at approximately $2.6 billion US based on 2012 list prices. If all the options are exercised, the total value of the order is approximately $7.3 billion US, also based on 2012 list prices. The aftermarket agreement is for a term of up to 15 years. Assuming certain aircraft usage projections and a 15-year term per firm aircraft, it is valued at up to $820 million US. If all options are exercised, the aftermarket agreement is valued at up to $2.3 billion US. The combined sale and aftermarket agreement are valued at approximately $9.6 billion US if all options are exercised.
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