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BOEING COMPANY (THE) (BA)
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Boeing : U.S. Commerce Department Backs Boeing on Bombardier Pricing

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10/06/2017 | 07:55pm CET
By Doug Cameron 

U.S. trade officials on Friday sought to impose additional tariffs on imports of Bombardier Inc. jetliners following a complaint from Boeing Co.

The Commerce Department ruled in favor of a complaint from Boeing and said it would add an 80% tariff to the cost of the new Bombardier CSeries jet. The jet's sale to Delta Air Lines Inc. last year prompted a complaint from the U.S. aerospace giant.

The latest decision covered alleged price dumping after the Commerce Department last month ruled Canada-based Bombardier had received unfair state subsidies and slapped a 220% tariff on CSeries imports.

A final decision on any duty is expected next year. Canada and Bombardier have both refuted the allegations. A spokesman for Bombardier couldn't be immediately reached for comment on the latest decision.

The twin rulings have inflamed a simmering trade spat with Canada, with the United Kingdom also criticizing Boeing's stance. Bombardier has a large aerospace plant in Northern Ireland.

Write to Doug Cameron at [email protected]

Stocks mentioned in the article
ChangeLast1st jan.
BOMBARDIER, INC. 1.53% 3.98 End-of-day quote.31.79%
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Financials ($)
Sales 2018 96 970 M
EBIT 2018 11 156 M
Net income 2018 9 392 M
Debt 2018 1 276 M
Yield 2018 1,90%
P/E ratio 2018 22,59
P/E ratio 2019 19,20
EV / Sales 2018 2,18x
EV / Sales 2019 2,06x
Capitalization 210 B
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Boeing Company (The) Technical Analysis Chart | BA | US0970231058 | 4-Traders
Technical analysis trends BOEING COMPANY (THE)
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 385 $
Spread / Average Target 9,4%
EPS Revisions
Managers
NameTitle
Dennis A. Muilenburg Chairman, President & Chief Executive Officer
Jenette Ramos Senior Vice President-Supply Chain & Operations
Gregory D. Smith CFO & EVP-Enterprise Performance & Strategy
Ted Colbert Chief Information Officer
Gregory L. Hyslop CTO, Senior VP-Engineering, Test & Technology
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