Aircraft
Bombardier Completes Global 7500 Wing Program Purchase
Triumph results included a $40.5 million forward loss charge related to the Global 7500 wing program.

Bombardier completed its acquisition of the Global 7500 wing program from Triumph Group under a deal announced two weeks ago involving a “nominal cash consideration." Bombardier, which acquired both the assets and obligations for the program, has signed a lease agreement to continue production of the wing line at Triumph's Red Oak, Texas facility and is retaining the employees who have supported that program. In addition, the Canada-headquartered airframer will provide the necessary working capital for ramp-up of the wing production.


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