vegassports-odds.com
vegassports-odds.com June 17, 2018


Canada dumps Boeing fighter jet deal over trade dispute with US

07 December 2017, 02:42 | Melvin Schneider

The Canadian government has canceled a planned fighter-jet purchase from Seattle-based Boeing, apparently in retaliation for a trade dispute with the Trump administration, the Reuters news service reported Tuesday.

The Canadian government is due to cancel a $5.23-billion purchase of eighteen F-18 Super Hornet fighter aircraft, in apparent retaliation for Boeing Co.'s trade-violation complaint that led the U.S. Commerce Department to investigate sales of Bombardier C-Series passenger jets to Delta Air Lines. The new F/A-18 fighter jets would have been a temporary measure for Canada, to allow the country to meet its commitments to the North Atlantic Treaty Organization (NATO) and the North American Aerospace Defense Command (NORAD).

But - in what the sources said was a worst-case scenario - a government angry at Boeing and unconvinced by other US options may end up facing off against a Canadian air force that dislikes the idea of a European jet.

Defence Minister Harjit Sajjan has said Canada can not meet all of its obligations to the North American Aerospace Defence Command (NORAD) and the North Atlantic Treaty Organization (NATO) with its current fleet of CF-18s, arguing new fighter jets are needed before the entire fleet is replaced in the next decade.

Walt Disney Company (DIS) Net Revenue Surprises Analysts
This simple numeric scale reads 1 to 5, and it changes brokerage firm Moderate Sell recommendations into an average broker rating. The entertainment giant reported $1.07 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $1.12 by ($0.05).

Brokerages Set $10.00 Target Price for Petroleo Brasileiro SA- Petrobras (PBR.A)
The average is taken over a specific period of time, like 10 days, 20 minutes, 30 weeks, or any time period the trader chooses. The analysts, on average, are forecasting a $143.73 price target, but the stock is already up 55.13% from its recent lows.

Tremors felt in Delhi due to quake in Uttarakhand
Tremors were also felt in Tamil Nadu's Chennai and Uttarakhand's Chamoli, indicating that the seismic event occured pan-India. A strong quake that was estimated to measure 5.5 on the Richter scale struck Uttarakhand around 8:50 pm on Wednesday.

The move to try to acquire fighter jets from Australia coincides with the US government's decision, based on a Boeing complaint, to hit Bombardier with nearly 300 per cent duties on its CSeries civilian passenger jet. Prime Minister Justin Trudeau said at the time the country would not engage in business with Boeing till such time its dispute with Bombardier continued, a sentiment he repeated to President Donald Trump in October.

The Australian jets are being considered as interim fighters. That could explain why 28-30 of the older planes would be bought instead of 18 new ones. "It would be a deeply unfortunate outcome", he said.

That move by Boeing, however, scuttled the Super Hornet deal and prompted Canada to look elsewhere for jets. "It's not just the company but countries" that they're targeting, Bombardier chief executive officer Alain Bellemare said at an investors conference in Boston last month.

Shares of Boeing fell 0.86 percent during Tuesday trade on the New York Stock Exchange.



Other News

Trending Now

17 million babies breathing toxic air worldwide
The links of pollution with asthma, bronchitis and other respiratory diseases in the long course are known for a long time. Air pollution potentially affects children's brains through several mechanisms.

Oil Prices Slide On Major Gasoline Build
USA crude inventories dropped by 5.48 million barrels last week, the API said Tuesday, according to people familiar with the data. The API report showed an increase of 9.196 million barrels, compared to forecasts of a much smaller 1.145-million-barrel build.

Home Depot announces $15 billion buyback program
This buyback authorization authorizes the home improvement retailer to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

United Kingdom authorities say they've foiled plot to assassinate Theresa May
Two men are due in court on terror charges on Wednesday after reportedly plotting to assassinate the Prime Minister. However, the news made the headlines after the security officials released a report on the issue.