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FINWIRES

Bombardier Signs LOI With Saudi Arabia's The Helicopter Company for Fleet of Jets

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Bombardier (BBD-B.TO, BBD-A.TO) and Saudi Arabia's The Helicopter Company (THC) signed a Letter of Intent towards finalizing a firm order for 12 aircraft, with purchase options for 48 more, the companies announced on Tuesday.

The firm order includes five Challenger 3500, five Global 5500 and two Global 8000 aircraft. The companies signed the letter in a ceremony at the Farnborough International Airshow in the United Kingdom, the news release states.

Price: $351.88, Change: $+10.38, Percent Change: +3.04%

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