Bombardier's TRAXX Locomotives Chosen Again by Trenitalia.Business Editors MONTREAL--(BUSINESS WIRE)--Dec. 29, 2003 Bombardier Transportation Bombardier Transportation is the rail equipment division of the Bombardier group. Bombardier Transportation is the world’s largest company in the rail equipment manufacturing and servicing industry. Its headquarters are in Berlin. has been awarded a contract by Trenitalia (Italian Railways) for the supply of 48 Bombardier(i) TRAXX(i) electric locomotives type P160 DCP DCP - definitional constraint programming , valued at approximately $170 million Cdn (103 million Euros). This contract follows an initial order for 50 units awarded in 1996. Subsequent orders for 90 and 100 units were awarded to Bombardier in 1999 and 2001 respectively. Today's announcement brings to 288 the total number of Bombardier locomotives of the same type ordered by Trenitalia. Delivery of the 48 new locomotives is scheduled to take place between September 2005 and September 2006. To date, Bombardier Transportation has already delivered more than 180 locomotives of this type to Trenitalia. Trenitalia Divisione Trasporto Regionale (the regional transportation division of Trenitalia) will use the TRAXX locomotives, which have been successfully operating on Italian tracks since 1999, to reinforce and partially replace its current fleet of locomotives for passenger regional transportation. With a maximum power of 3.5 MW and a maximum speed of 160 km/h, the TRAXX P160 DCP locomotives represent the ultimate in technology where medium-power 3kV DC locomotives are concerned. Wolfgang Toelsner, President, Locomotives and Freight, Bombardier Transportation, commented: "The growing need for regional and intercity in·ter·cit·y adj. Relating to, involving, or connecting two or more cities: intercity rivalry; an intercity bus. Intercity Adjective trademark railway transportation in Italy requires highly reliable products. The Bombardier TRAXX P160 DCP locomotive has proven very reliable since its introduction in 1999, with a high availability Also called "RAS" (reliability, availability, serviceability) or "fault resilient," it refers to a multiprocessing system that can quickly recover from a failure. There may be a minute or two of downtime while one system switches over to another, but processing will continue. level. This is most definitely an added value Added value in financial analysis of shares is to be distinguished from value added. Used as a measure of shareholder value, calculated using the formula:
The production of the locomotives will be undertaken at Bombardier's site in Vado Ligure lig·ure n. A precious stone of ancient Israel. [Middle English liguri, from Late Latin lig , Italy while propulsion and electric equipment are to be supplied by Bombardier's site in Trapaga, Spain. About Bombardier A world-leading manufacturer of innovative transportation solutions, from regional aircraft and business jets to rail transportation equipment, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2003 were $21.2 billion Cdn and its shares are traded on the Toronto, Brussels and Frankfurt stock exchanges Frankfurt Stock Exchange The largest of Germany's eight securities exchanges, operated by Deutsche Borse AS. (BBD BBD In currencies, this is the abbreviation for the Barbados Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. , BOM and BBDd.F). News and information are available at www.bombardier.com. N.B. Fiscal year 2002-03 revenues have been restated following the sale of the recreational products business. (i) Trademark(s) of Bombardier Inc. or its subsidiaries NOTE TO EDITORS: A photo is available on our Website at the following address: www.transportation.bombardier.com/photography.jsp |
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