After The Wall Street Journal reported earlier this afternoon that Bombardier (BDRBF) is in talks to sell its business-jet division to Textron (TXT), Jefferies analyst Sheila Kahyaoglu estimated that such a potential deal could be about 20% accretive in FY21 assuming Textron would use $500M of cash and $6.2B of incremental debt and assuming $250M in year one cost synergies. The analyst added that she would assume consolidation would lead to increased price discipline, which should be considered a positive for General Dynamics (GD), which she identifies as Bombardier's prime competitor in the heavy jet market.