Bombardier awards IBM US$700m IT deal

DALLAS: Bombardier Inc awarded International Business Machines Corp (IBM) a US$700 million (RM3.02 billion) contract to find cost savings and improve informationtechnology operations in the firm’s rail and aerospace businesses. The six-year pact spans 47 countries and will “generate recurring savings”, said Bombardier. Chief executive officer Alain Bellemare is pushing to reduce expenses as he pursues a turnaround plan after Bombardier’s C Series jetliner entered service more than two years late and US$2 billion over budget.