BDRBF - Bombardier names Wichita as new U.S. HQ; proxy firms back fewer shares

Bombardier (OTCQX:BDRAF) (OTCQX:BDRBF) said Tuesday that its Wichita, Kansas, facility will be its new U.S. headquarters, and it is actively recruiting to immediately fill more than 180 jobs in Wichita and ~500 jobs across the U.S. The Wichita facility already is home to a flight service center and an expert flight test center, the Canadian company said. Bombardier (OTCQX:BDRBF) also confirmed additional orders for modified versions of its Global 6000 aircraft, as part of a potential $465M order from the U.S. Air Force. Separately, proxy firms ISS and Glass Lewis are both backing Bombardier's (OTCQX:BDRBF) proposal to reduce its common shares, which the company says could help increase its stock price and reduce transaction costs for investors. ISS says a consolidation could broaden company financing alternatives by raising the stock price. Bombardier (OTCQX:BDRBF) said last month that it will seek approval at the annual shareholder meeting in May for a

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Bombardier names Wichita as new U.S. HQ; proxy firms back fewer shares