Category: 3. Business

  • Bombardier Announces Significant Firm Order from New Customer for 50 Challenger and Global Jets Including First-of-a-Kind Maintenance Services Partnership

    Bombardier Announces Significant Firm Order from New Customer for 50 Challenger and Global Jets Including First-of-a-Kind Maintenance Services Partnership

    • Combined value of the 50-aircraft firm order and services agreement is US$1.7 billion; aircraft deliveries to begin in 20271
    • Order also includes 70 new aircraft purchase options; if all options are exercised, the total aircraft and services value would reach more than US$4 billion2
    • First-of-a-kind service agreement between an OEM and operator will deliver the most comprehensive and integrated maintenance offering for the fleet’s customers from Bombardier’s top-ranked service network

    Bombardier proudly announces a significant firm order for 50 of its performance-leading Challenger and Global aircraft, combined with a first-of-a-kind service agreement. Together, the firm aircraft and service agreements are valued at US$1.7 billion with deliveries set to begin in 20271. The first-time Bombardier customer will also hold 70 new aircraft purchase options. If all purchase options are exercised, the combined aircraft and service agreements’ value would reach more than US$4 billion2. The customer has selected Bombardier’s top-ranked maintenance offerings to create an innovative partnership that will deliver an unmatched level of care and convenience for customers. The customer has elected to remain anonymous prior to unveiling their offering in the marketplace.

    “This significant order underscores the competitive advantage Bombardier’s full scope of products and services brings to customers throughout the entire aircraft lifecycle, from design to delivery, then throughout the in-service journey,” said Éric Martel, President and CEO, Bombardier. “We build trust each day with each customer thanks to dedicated team members around the world who ensure their consistent satisfaction. Our more than 18,000 Bombardier employees are proud to welcome this new, important customer to our family.”

    Delivering impeccable aircraft and services to elevate its customers’ experience on all fronts, Bombardier’s offer sets the standard in business aviation. The company’s Global and Challenger families of aircraft are renowned for their exceptional performance, proven reliability and passenger-centric cabin. Leveraging Bombardier’s impeccable engineering, these jets are designed to deliver a seamless travel experience, boasting industry-leading landing capabilities and the company’s signature smooth ride. Additionally, Bombardier’s worldwide service network delivers the company’s unmatched expertise to operators around the world, ensuring they benefit from a seamless experience at every point in their journey.  

    (1) See forward-looking statements disclaimer hereinafter. 
    (2) Includes 50 firm aircraft orders, assumption that all 70 purchase options are exercised at the discretion of the customer and the service agreement. Such assumption is a forward-looking statement—see forward-looking statements disclaimer hereinafter.

    About Bombardier

    At Bombardier (BBD-B.TO), we design, build, modify and maintain the world’s best-performing aircraft for the world’s most discerning people and businesses, governments and militaries. That means not simply exceeding standards, but understanding customers well enough to anticipate their unspoken needs. 

    For them, we are committed to pioneering the future of aviation—innovating to make flying more reliable, efficient and sustainable. And we are passionate about delivering unrivaled craftsmanship and care, giving our customers greater confidence and the elevated experience they deserve and expect. Because people who shape the world will always need the most productive and responsible ways to move through it. 

    Bombardier customers operate a fleet of more than 5,100 aircraft, supported by a vast network of Bombardier team members worldwide and 10 service facilities across six countries. Bombardier’s performance-leading jets are proudly manufactured in aerostructure, assembly and completion facilities in Canada, the United States and Mexico. In 2024, Bombardier was honoured with the prestigious “Red Dot: Best of the Best” award for Brands and Communication Design.     

    For Information

    For corporate news and information, including Bombardier’s Sustainability report, as well as the company’s initiative to cover all its flight operations with a Sustainable Aviation Fuel (SAF) blend utilizing the Book-and-Claim system visit 
    bombardier.com.

    Learn more about Bombardier’s industry-leading products and customer service network at bombardier.com. Follow us on X @Bombardier.

    Media Contacts

    General media contact webform

    Francis Richer de La Flèche
    Vice President, Financial Planning and Investor Relations 
    Bombardier
    +1 514 240 9649
    Mark Masluch
    Senior Director, Communications
    Bombardier
    +1 514 855 716

    Forward-looking statements
    This press release contains certain forward-looking statements based on current expectations. By their nature, forward-looking statements require us to make assumptions and are subject to important known and unknown risks and uncertainties, which may cause actual results in future periods to differ materially from those set forth in the forward-looking statements. Please refer to the “Forward-Looking Statements” disclaimer contained in Bombardier Inc.’s most recently published financial report for additional details.

    Bombardier, Challenger and Global are registered or unregistered trademarks of Bombardier Inc. or its subsidiaries.
     

     

     

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  • Liberatech Space to offer custom Earth-observation products for commodity, energy and environmental monitoring

    Liberatech Space to offer custom Earth-observation products for commodity, energy and environmental monitoring

    SAN FRANCISCO – While working in finance years ago, Yasunori Yamazaki traveled to mines to conduct due diligence. Later, as Axelspace chief business officer and Astroscale head of brand management, he considered how satellites could simplify the task.

    As a result, one of the first products being developed by his new company Singapore-based Liberatech Space, is Earth-observation and analysis for mining-sector investors.

    Yamazaki co-founded Liberatech in 2024 with Tom James, co-founder and CEO of Singapore-based Tradeflow Capital Management, to use satellite data to address challenges in the commodity, energy and environmental industries.

    “The company utilizes space technology, primarily satellite-imagery data, to create products and services directly for the user,” Yamazaki, who serves as Liberatech CEO and chief marketing officer, told SpaceNews.

    Custom products

    To date, Liberatech has focused primarily on the finance sector. Instead of developing one-size-fits-all products, “we have been speaking to potential clients to understand the optimal product and services that will fit well with them,” Yamazaki said.

    Liberatech is working with Kongsberg Satellite Services of Norway. The strategic partnership announced June 10 was forged to marry KSAT’s extensive Earth observation and communications infrastructure with Liberatech’s artificial intelligence-enhanced analytics.

    KSAT joined forces with Liberatech because “what Yasu and Liberatech want to achieve fits very well with our mindset about bringing a wide portfolio of analyzed data to the clients on a very short timeline,” said Borre Pedersen, KSAT Earth observation sales director.

    In addition to operating a global ground station network, KSAT is known for collecting and sharing Earth-observation data products related to vessel tracking, oil and gas operations, and environmental monitoring.

    “We can do the analytics and processing,” Pedersen said. “Then Liberatech will integrate in our value-adding products to create solutions for clients.”

    For example, KSAT has expertise in combining synthetic aperture radar (SAR) data with other types of Earth imagery to “reveal details that are not visible to human eye,” Pedersen said.

    For the mining sector, combining Yamazaki’s experience with KSAT’s decades of experience with SAR, “will create a very powerful solution that will help the owners and the investors to going forward,” Pedersen said.

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  • Hong Kong’s bull market leaves China behind – Financial Times

    Hong Kong’s bull market leaves China behind – Financial Times

    1. Hong Kong’s bull market leaves China behind  Financial Times
    2. Chinese money fires up Hong Kong shares  Reuters
    3. Trade deal, rate-cut bets lift Hong Kong stocks to best week in 4 months  South China Morning Post
    4. Mainland Capital Fuels Hong Kong Revival  DirectorsTalk Interviews
    5. HSI Soars 500+ Pts After Midday, DJIA Futures Expand Gains to ~380 Pts as Israel Agrees to Ceasefire  AASTOCKS.com

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  • Cambrian Works Announces Upcoming GigRouter Launch to the International Space Station

    Cambrian Works Announces Upcoming GigRouter Launch to the International Space Station

    LOS GATOS, CA– Cambrian Works, an innovator in technological connections between Earth and space, is proud to announce their GigRouter flight unit is ready for launch aboard Aegis Aerospace’s MISSE-21 carrier. With this launch to kick off their 2025 mission schedule, Cambrian Works is slated to achieve extended space heritage for the first time, expanding the possibilities for Internet-like network connectivity beyond the limitations of land.

    The GigRouter is a pioneering product in space communication devices, aimed at seamlessly integrating edge computing and networking into space systems. As a foundational piece in Cambrian Works’ vision to incorporate the terrestrial internet into space, the GigRouter reaches across spacecraft crosslinks to create a global fabric of widely dispersed space platforms. Bound for the Aegis Aerospace’s MISSE Flight Facility platform on the International Space Station, this is the first GigRouter to see space.

    “After extensive technology validation, comprehensive pre-launch environmental testing, and even radiation testing to validate lifetime and utility in multiple orbits, the GigRouter is ready for flight heritage – the badge of a technology that is ready for operational use in Space,” says Cambrian Works CEO, Victor Aguero. “The long duration operation in space enables us to fully validate performance under real-world effects encountered in Space to ensure our customers that we are ready to support their mission critical communications.”

    Taking off in the fall of this year, the GigRouter will be delivered to the Aegis Aerospace-operated MISSE platform for a six-month tenure in space. In this time, the Cambrian Works team will observe how the system works in the space environment, monitoring containerized applications, collecting telemetry including temperature and radiation data, and testing ethernet bandwidth on its 1 and 10 Gigabit per second ports.

    “For this mission, our first in orbit, we learned to operate ‘hands-off,’” says Integration Lead, Adam Orris. “We practiced this independent approach from the start, when the Aegis Aerospace team smoothly integrated the unit without our assistance. In most of our processes to date, we’ve been able to physically connect our GigRouter to our network to stream telemetry to our custom Console, or gather more detailed telemetry through other web-based tools. Even in long-duration tests where we are disconnected from outside networks, we had the ability to connect a test laptop via the debug terminal or secure shell. But with shared data bandwidth on the Space Station, we can only periodically download or upload files–we have no immediate connection. In preparation for this, we made our software more autonomous and fault-tolerant, with more detailed telemetry available. We also created periodic status messages that can be stored and downloaded. While installed on the station, Aegis Aerospace will provide a data and power interface. We are excited to continue working with the helpful and friendly Aegis Aerospace team as we check in on our GigRouter–our first telemetry from orbit!”

    For more information, contact Simon Lee at info@cambrianworks.com.

    About Cambrian Works
    Cambrian Works is pioneering foundational infrastructure and technology for the nascent space economy. Overcoming the constraints between the ground and space, Cambrian Works provides real-time, resilient, multi-orbit, self-healing mesh networking solutions that expand the terrestrial Internet, network data flow visualizations and management across constellations and multi-orbit regimes, and revolutionary technologies for in-space attachment that enhance space manufacturing capabilities and in-space servicing missions. The Cambrian Works team is dedicated to empowering an in-space, robotic workforce, operable collaboratively and from the ground, building up the machine-to-machine future in space, and addressing the need for seamless information sharing between diverse industries, companies, and domains.

    Cambrian Works is made up of radical engineers and programmers with wide industry experience, joined by their shared goal of forging an in-space economy that enables ideas to flourish, pushing forward a Cambrian explosion of new opportunities in space.

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  • Cutting Open RAN Funds Hurts U.S. Innovation and Helps China

    Cutting Open RAN Funds Hurts U.S. Innovation and Helps China

    Congress is on the verge of hamstringing a key tool in the fight against Chinese tech dominance. Today, Chinese companies, such as Huawei and ZTE, offer full-stack radio-access gear at basement prices, using global scale and unfair government policies to lock in carriers to unsecure equipment and steer emerging standards in Beijing’s favor.

    To counter this threat, technology companies are developing “Open Radio Access Network” (Open RAN) concepts that encourage interoperable interfaces for each RAN component so that mobile networks need not be beholden to any one RAN provider. In an Open RAN framework radios, base-band units, and software can mix and match across vendors—cutting costs, boosting innovation, and diluting single-supplier security risk. But Open RAN also presents technical challenges.

    The United States has been a leader in pushing the frontier of networking components and capabilities, including a $1.5 billion investment to create the Public Wireless Supply Chain Innovation Fund as part of the Chips and Science Act of 2022. The first two rounds have already obligated $550 million across 35 projects, building U.S. testbeds and prototypes. Round 3 drew more than 90 proposals and could award up to $450 million.

    But now, just as funding is rolling out to innovators, Congress is seeking to cut it off. A section of the Senate Commerce portion of the One Big Beautiful Bill Act cuts all the remaining funds for Open RAN innovation. This move would make the United States less innovative and less competitive in the fight against Chinese dominance over wireless communications. As Congress votes on amendments to the full bill it should remove this section of the Commerce Committee’s title to fully fund the Public Wireless Supply Chain Innovation Fund, not cut it off.

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  • Boeing recruits new CFO amid turnaround campaign – Financial Times

    Boeing recruits new CFO amid turnaround campaign – Financial Times

    1. Boeing recruits new CFO amid turnaround campaign  Financial Times
    2. Boeing Announces Chief Financial Officer Transition Plan  Boeing Newsroom
    3. Boeing appoints former Lockheed Martin CFO Jay Malave as new finance chief  Reuters
    4. Boeing Names Ex-Lockheed Martin Executive to Succeed CFO Brian West  WSJ
    5. Ex-Lockheed CFO Malave Heads To Boeing For Top Financial Job  Defense Daily

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  • US Consumer Health Resilient Amid Low Leverage, Stable Labor Market – Fitch Ratings

    1. US Consumer Health Resilient Amid Low Leverage, Stable Labor Market  Fitch Ratings
    2. Consumption: Strong Start to Cooldown  Morgan Stanley
    3. US consumers are cautious but still spending: Visa economist  iHeart
    4. Bracing for a Fed Pivot: How to Play the Consumer Spending Slump and Tariffflation  AInvest
    5. U.S. consumer is going to be squeezed by looming real-income shock, economist says  MarketWatch

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  • Wolfspeed Takes Next Step to Implement Restructuring Support Agreement and Proactively Strengthen Capital Structure – Business Wire

    1. Wolfspeed Takes Next Step to Implement Restructuring Support Agreement and Proactively Strengthen Capital Structure  Business Wire
    2. Chip Supplier Wolfspeed Agrees to Cut $4.6 Billion Debt in Bankruptcy  WSJ
    3. Struggling EV semiconductor company files for bankruptcy  TheStreet
    4. Wolfspeed plans US bankruptcy filing in deal reached with creditors  Reuters
    5. Struggling Semiconductor Firm Wolfspeed Files for Bankruptcy  Mint

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  • Daniel André Stieler – Vale

    Nomination of shareholder: 

    Board of Directors in other listed companies: 

    Skills, knowledge and expertise:  

    Main experience:
     

    Mr. Daniel André Stieler graduated in Accounting Sciences from the Universidade Federal de Santa Maria (“UFSM”) in 1989, completed a postgraduate course in Financial Administration at the Getúlio Vargas Foundation – FGV in 1998, an MBA in Auditing from FGV in 2000, and an MBA in Accounting from Fundação Instituto de Pesquisas Contábeis, Atuariais e Financeiras (“FIPECAFI”) in 2003. He is ICSS-certified, with an emphasis on administration, and IBGC-certified in, as a fiscal director. He is Chairman (since April/2023) and Member (since November/2021) of Vale’s Board of Directors, Coordinator (since May/2023) and Member (since December/2022) of the Nomination and Governance Committee and Member of the Capital Allocation and Projects Committee (since May/2023).  

    His main professional experience in the last 5 (five) years:  

    (i) Coordinator of the Capital Allocation and Projects Committee (December/2022 to April/2023), Member (November/2021 to May/2022), and Coordinator of the Financial Committee (May/2022 to December/2022) and Member of the Nomination Committee (January/2022 to April/2022 and May/2022 to December/2022) of Vale; (ii) Member of the Fiscal Council of Braskem (since April/2024); (iii) President of Caixa de Previdência dos Funcionários do Banco do Brasil – PREVI (June/2021 to February/2023); (iv) Member of the Deliberative Board of Associação Brasileira das Entidades Fechadas de Previdência Complementar – ABRAPP (July/2021 to March/2023); (v) Member of the Board of Directors of Tupy S. A. (April/2022 to April/2023); (vi) Member of the Board of Directors of Alelo S.A. (April/2020 to April/2022); (vii) Member of the Board of Directors of Livelo S.A. (April/2020 to October/2021); (viii) Managing Director (January/2021 to June/2021), Chairman of the Deliberative Board (July/2020 to January/2021) and Member of the Fiscal Council (June/2016 to July/2020) of Economus Social Security Institute; (ix) Member of the Deliberative Board of the Corporate University of Complementary Pension – UniAbraap (February/2021 to June/2021); (x) Statutory Controllership Officer at Banco do Brasil S.A. (July/2019 to January/2021); and (xi) Member of the Fiscal Council of Eternit S.A. (March/2023 to March/2024). 

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  • Boeing appoints former Lockheed Martin CFO Jay Malave as new finance chief – Reuters

    1. Boeing appoints former Lockheed Martin CFO Jay Malave as new finance chief  Reuters
    2. Boeing Announces Chief Financial Officer Transition Plan  Boeing Newsroom
    3. Boeing Names Ex-Lockheed Martin Executive to Succeed CFO Brian West  WSJ
    4. Ex-Lockheed CFO Malave Heads To Boeing For Top Financial Job  Defense Daily
    5. Boeing to Replace CFO Brian West With Former Lockheed Finance Chief  Bloomberg.com

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