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Mr. Tellier said that with the sale of the recreational products unit, Bombardier's business would be split almost equally between its aerospace and rail equipment divisions, supported by a slimmed-down product financing unit.
"However, to put our performance in perspective, we are remaining profitable in the face of difficult markets for all three of our equipment divisions".
Fiat merged its construction and agricultural equipment divisions with Ford in 1991 to create New Holland, which took over U.S. competitor Case Corp in 1999 for $4.3 billion.
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He had been general manager of the United States equipment division of Nike Inc.
Nokia is responding with deep cutbacks in its network equipment division.
It also has a power equipment division, supplying technology to allow generators to switch between fuel sources.
However, nearly all the profits came from the soon-to-be-sold network equipment division, which supplies cellphone companies.
Its oil, gas and petrochemical equipment division and its building systems unit are still to be sold.
The idea surfaced in December 2000 when members of Nike's equipment division were discussing possible innovations for children's products.
"We are pleased to have such a strong rival -- the United States," said Igor Sevastyanov, who leads Rosoboronexport's ground equipment division.
Mr. Brassard, 28, is a salesman, in East Hanover, N.J., for the construction equipment division of the Ingersoll-Rand Company, the industrial equipment manufacturer.
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