Bombardier and USbased aerospace supplier Triumph settle ongoing legal dispute

MONTREAL — Bombardier and Triumph have reached a settlement about five months after the U.S. aerospace supplier filed a $455-million lawsuit against the Quebec-based aircraft manufacturer.Details of the settlement announced Wednesday were not disclosed.Triumph had alleged in a suit filed in Quebec Superior Court that Bombardier failed to pay for expenses related to changes in the design of wings for the Global 7000 business jet.Bombardier says Triumph ’s US$340M lawsuit without merit, plans own proceedings over Global 7000 delaysQuébec needs to take care of Bombardier , Quebec Premier Philippe Couillard saysBombardier (TSX:BBD.B) had rejected the allegations, saying they are without merit. It said the changes were made collectively by both sides and were within the scope of its contract with Triumph.Triumph says it still supports the Global 700 program.The Global 7000 had its maiden flight last November and is scheduled to enter into service next year.Bombardier spokesman Mark Masluch says the legal dispute won’t cause delays in the aircraft’s deliveries and hasn’t damaged its commercial relationship with Triumph.The Canadian Press