- The U.S. Army has awarded a contract to Bombardier (TSX:BBD.B) for up to three Global 6500 business jets to be modified into a novel spy plane prototype
- The Global 6500’s just under C$75 million price tag means the total contract value could approach C$225 million
- Bombardier is a global leader in the design, manufacturing and servicing of business jets
- Bombardier stock (TSX:BBD.B) is down by 0.18 per cent year-over-year, and has gained only 1.44 per cent since 2019
The U.S. Army has awarded a contract to Bombardier (TSX:BBD.B) for up to three Global 6500 business jets to be modified into a novel spy plane prototype.
The company touts the Global 6500 as an ideal aerial-intelligence, surveillance and reconnaissance aircraft thanks to its 12,223-kilometre range, class-leading maintenance intervals, and compatibility with mission-critical equipment.
The contract with the Pentagon includes one jet, to be delivered by Oct. 1, that will be retrofitted with signals intelligence equipment, screen banks and other electronic systems under the HADES aerial reconnaissance program.
Though consideration was not disclosed, the Global 6500’s just under C$75 million price tag means the total contract value could approach C$225 million.
The news follows the Canadian government’s rejection of Bombardier’s unsolicited bid to modernize the Air Force’s patrol fleet. The contract was ultimately awarded to Boeing, with Defence Minister Bill Blair calling the company’s P-8A Poseidon the only “currently available, proven aircraft that meets all the [Air Force’s] operational requirements” during the November 2023 announcement.
Based in Montreal, Bombardier is a global leader in the design, manufacturing and servicing of business jets. The company has a global fleet of approximately 5,000 aircraft in service across multinational corporations, charter and fractional ownership providers, governments and private individuals. Bombardier aircraft are also deployed in defense roles across the globe.
Bombardier stock (TSX:BBD.B) last traded at C$55.03 per share. The stock is down by 0.18 per cent year-over-year, and has gained only 1.44 per cent since 2019.
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