Latest news with #Saab
The Market Online
10 hours ago
- Business
- The Market Online
Bombardier Defense signs two-aircraft deal with Saab
Bombardier Defense received a firm order from longtime partner Saab for two Global 6500 aircraft Bombardier designs, builds, modifies and maintains a line of jets for individuals, businesses, governments and militaries around the world Bombardier stock has added 23.01 per cent year-over-year and 552.62 per cent since 2020 Bombardier Defense, a division of jet maker Bombardier (TSX:BBD.A), received a firm order from longtime partner Saab for two Global 6500 aircraft. The Global 5000 offers a top speed of 956 km/h and a maximum range of 12,223 km and features a fixed-wing platform that flies 'faster, longer and higher than legacy airborne sensor platforms,' offering 'a significant advantage to governments and militaries,' according to Friday's news release. The aircraft's steep approach certification and advanced wing design also facilitate access to legacy commercial platforms, optimizing flexibility during mission-critical situations. Micael Johansson, president and CEO of Saab, and Eric Martel, president and CEO of Bombardier, at the Paris Air Show 2025. (Source: Bombardier) Bombardier Defense focuses on unmet needs in urgent humanitarian assistance, head of state transportation, maritime patrol and search and rescue, among other markets, leveraging a team with a skill-set spanning more than 500 special mission aircraft and over 3 million fleet hours. The order follows the companies' collaboration on the GlobalEye airborne early warning and control system, initially announced in 2016, which integrates Bombardier's Global 6000 and 6500 aircraft. Leadership insights 'Through Bombardier Defense, the Global 6500 aircraft is the go-to strategic asset for governments around the world looking to modernize and strengthen their defense capabilities,' Eric Martel, president and chief executive officer of Bombardier, said in a statement. 'Bombardier Global aircraft are ideally suited for the most demanding missions, with proven flexibility, reliability, power generation, range and ability to operate at high altitudes.' About Bombardier Bombardier designs, builds, modifies and maintains a line of jets for individuals, businesses, governments and militaries around the world. Its customers operate a fleet of more than 5,100 aircraft supported by 10 service facilities across six countries. The company operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. Bombardier stock (TSX:BBD.A) last traded at C$106.05. The stock has added 23.01 per cent year-over-year and 552.62 per cent since 2020. Join the discussion: Find out what everybody's saying about Bombardier's deal with Saab on the Bombardier Inc. Bullboard and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
Yahoo
2 days ago
- Business
- Yahoo
France announces intention to procure GlobalEye from Saab
STOCKHOLM, June 18, 2025 /PRNewswire/ -- Saab and the French defence procurement agency, Direction générale de l'armement (DGA), have today signed a joint declaration of intent regarding the sale of Saab's GlobalEye Early Warning and Control (AEW&C) aircraft to France, including ground equipment, training and support. The joint declaration of intent, which was signed today at the Paris Air Show, includes DGA's intention to procure two GlobalEye aircraft from Saab. The joint declaration of intent also includes an option for DGA to purchase two additional aircraft. A final notification process to complete the procurement will now follow. The DGA has stated that a contract is expected to be finalised in the coming months. The parties have not yet entered into a contract and Saab has not yet received an order for GlobalEye from France. "We welcome today's announcement by France about the intention to procure GlobalEye, which will enhance the French Armed Forces' situational awareness and threat detection across the air, land and sea domains. Our solution will enable France to maintain full sovereign control of its airborne early warning and control capability," says Micael Johansson, President and CEO of Saab. GlobalEye is an advanced multi-domain AEW&C solution with an array of active and passive sensors that provide long-range detection and identification of objects in the air, at sea and over land. By providing real-time information to air forces, armies and navies, GlobalEye enables enhanced situational awareness of the surrounding areas and early detection of threats. Contact Saab Press Centre+46 (0)734 180 018presscentre@ Saab is a leading defence and security company with an enduring mission, to help nations keep their people and society safe. Empowered by its 25,000 talented people, Saab constantly pushes the boundaries of technology to create a safer and more sustainable world. Saab designs, manufactures and maintains advanced systems in aeronautics, weapons, command and control, sensors and underwater systems. Saab is headquartered in Sweden. It has major operations all over the world and is part of the domestic defence capability of several nations. This information was brought to you by Cision The following files are available for download: France announces intention to procure GlobalEye from Saab Saab GlobalEye Airborne Early Warning and Control aircraft View original content: SOURCE Saab Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
2 days ago
- Business
- Reuters
France aims to buy four Global Eye military aircraft, Sweden says
OSLO, June 18 (Reuters) - France communicated its intention on Wednesday to acquire four Global Eye military aircraft, Swedish Defence Minister Pal Jonson said in a post on social media platform X. Global Eye is a multi-role surveillance aircraft made by Swedish defence group Saab ( opens new tab. A sale of the early warning and control aircraft to France will benefit both countries and deepen their interoperability, Jonson said after attending the Paris Air Show. He did not say when a contract could be signed or how much the aircraft would cost. NATO members Sweden and France also signed a road map on further defence cooperation, Jonson said.
Car and Driver
3 days ago
- Automotive
- Car and Driver
Ezra Dyer: Thoughts on the State of Cars from the Year 2095
From the July/August 2025 issue of Car and Driver. Here at Car und Driver, we prize our powers of prognostication even more than we adore our aptitude for alliteration. But even the most clairvoyant cyborgs among us couldn't have predicted how much cars would change over the past 140 years. Let alone that magazines would still exist. Today, most younger people hold fractional ownership of a car, splitting the cost with as many as six other drivers. These vroommates, as they're called, make up an increasing share of the market. Flarers, the generation born after the solar storms of 2071, often can't afford a whole car and don't require one anyway, given the ubiquity of drone delivery services and the unexpected popularity of roller skates as a "last mile" transportation solution. Some companies are attempting to drive down prices with no-frills designs—extruded cars, inflatable cars, the IKEA En Skitbil flat-pack wagon—and a few of those cost less than $1,000,000, making them a viable option for budget shoppers with a high tolerance for petrochemical off-gassing. As we near the next century, Saab has become the most prosperous car company on this planet since discovering trollennium on the site of its old headquarters. Ezra Dyer Senior Editor Ezra Dyer is a Car and Driver senior editor and columnist. He's now based in North Carolina but still remembers how to turn right. He owns a 2009 GEM e4 and once drove 206 mph. Those facts are mutually exclusive.
CTV News
4 days ago
- Business
- CTV News
Quebec premier defends Bombardier at Paris Air Show
Quebec Prime Minister Francois Legault, right, and Quebec Economy Minister Christine Frechette visit the Paris Air Show , Monday, June 16, 2025 in Le Bourget, north of Paris. (Michel Euler/The Associated Press) Quebec Premier François Legault took part in Bombardier's campaign to sell one of its aircraft models to the Canadian Defence Department on Monday in Paris, Fra. Legault spent the day at the Paris Air Show, the largest event of its kind in the world. Bombardier says it believes it can convince Ottawa to buy the aircraft after Mark Carney's government announced an additional $9 billion in military spending. Legault says he wants Quebec to get its lion's share and Bombardier to win the contract for its aircraft, designed for surveillance and detection missions. France Paris Air Show Quebec Prime Minister Francois Legault, right, and Quebec Economy Minister Christine Frechette visit the Paris Air Show , Monday, June 16, 2025 in Le Bourget, north of Paris. (Michel Euler/The Associated Press) The premier boarded a GlobalEye parked on the tarmac, an aircraft manufactured by Sweden's Saab, but with Quebec origins: it is built on Bombardier's Global Express platform. 'The people at Boeing are nervous that we are here,' Saab vice president Carl-Johan Bergholm told Legault. Bombardier-Boeing standoff Indeed, Saab-Bombardier and the American company Boeing are engaged in a standoff. In March 2023, Ottawa indicated that it planned to replace the air force's surveillance aircraft, considering only one supplier, Boeing. Bombardier protested, demanding a genuine call for tenders so it could submit its aircraft, which had already been sold and proven in other markets. 'I have no regrets about doing so,' said the company's CEO, Éric Martel, in an interview on Monday at Bombardier Defence's offices in Le Bourget. 'It made everyone understand that it might be in our best interest to talk to each other and work better together,' he argued. He says he is hopeful that an agreement can be reached with Ottawa. Collaboration with Safran In addition, Bombardier signed a letter of intent on Monday with Safran, a French industry giant that is the world's second-largest aerospace equipment manufacturer. The two companies say they want to expand their collaboration. Je suis particulièrement fier de l'annonce d'un partenariat entre deux leaders de l'aéronautique: @Bombardier et @SAFRAN. Ils vont travailler ensemble pour remporter des appels d'offres, dans nos deux pays. Et offrir des emplois industriels payants, en France et au Québec.… — François Legault (@francoislegault) June 16, 2025 This will allow researchers to work together on systems used in military equipment, explained a Bombardier representative. The amounts and details are confidential, he added. This report by The Canadian Press was first published in French on June 16, 2025.
