January 24, 2019 / 11:14 AM / in 3 months

Bombardier to buy Triumph's wing-making unit

Jan 24 (Reuters) - Canada’s Bombardier Inc said on Wednesday it will buy a wing manufacturing unit from aircraft parts supplier Triumph Group to boost its business jets program.

Financial terms of the deal were not disclosed, but Bombardier said the deal will add to its adjusted aerostructures revenue forecast.

The company now expects the unit to post revenue of between $2.25 billion to $2.50 billion in 2019, up from prior estimates of $2 billion. (Reporting by Nivedita Bhattacharjee; Editing by Arun Koyyur)

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