As part of a broad strategy to streamline its operations, Bombardier announced that it would sell off a number of non-core assets valued at $900 million and cut employment by 5,000. These moves are aimed at focusing the company on in its Transportation, Business Aircraft and Aerostructures segments.
In a significant development for the conflict in Syria and for the Middle East generally, Russia has deployed a number of bombers to an air base in western Iran. The bombers – Tu-22M3s and Su-34s – will conduct airstrikes from the Hamedan air base against militant groups in Syria, in support of Syrian President Bashar al-Assad’s forces. Continue reading