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Wednesday, December 4, 2013

Firm orders for Bombardier's CSeries reach 182 after Iraq deal, (NYSE: BA)

Bombardier Inc said on Wednesday that Iraqi Airways has signed a firm purchase agreement to acquire five of its larger CSeries jetliners, ending a six-month order drought for the new plane.The CS300, which seats between 130 and 160 passengers, is part of Bombardier's $3.4 billion program to build an all-new narrow body jetliner to compete with the smaller planes built by aerospace giants Boeing Co and Airbus.The $387 million agreement with Iraq's national carrier follows a letter of intent announced last month. It brings the total number of CSeries firm orders to 182.Iraqi Airways has options on 11 additional CS300s, making the potential value of the deal at $1.26 billion at list prices.

The Boeing Company (Boeing) is an aerospace company. Shares of BA fell by 0.3% or $-0.4/share to $131.60. In the past year, the shares have traded as low as $72.68 and as high as $142.00. On average, 4445460 shares of BA exchange hands on a given day and today's volume is recorded at 1548894.