Meet the Navy's New $150M Submarine-Destroying Jet
Dec. 9 (Bloomberg) -- Boeing's P-8 Poseidon plane may look a lot like the company's 737 but it's actually a highly advanced military aircraft that's equipped to hunt submarines. The U.S. Navy has just deployed several of the airplanes to Japan to increase U.S. military presence around the disputed Senkaku Islands, which Japan controls and China claims. It's the first ever deployment for the aircraft, which has been in development for nearly a decade. Here's a look at the game-changing capabilities of the P-8. (Source: Bloomberg)
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"Preserving Bombardier C-Series Key Amid 7,500 Job Cuts"
43:12 - Bombardier has announced it will slash 7,500 jobs during a second round of job cuts within the past 8 months. Bloomberg Intelligence Analyst George Ferguson explains whether these cost saving measures were necessary as the struggling aircraft maker awaits $1 billion in federal aid from the Canadian government on Bloomberg TV Canada's The Daily Brief. (Source: Bloomberg)