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Bombardier Receives $24 Million Order for the Delivery of Double-Deck Trains to Israel.


Business Editors

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.  (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
TSX Transfer from Stack Pointer to Index
TSX True Space Extension
: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.
.A) (TSX:BBD.B) has received an order from the Ports and Railways Authority-Israel Railways (Tel Aviv Tel Aviv (tĕl əvēv`), city (1994 pop. 355,200), W central Israel, on the Mediterranean Sea. Oficially named Tel Aviv–Jaffa, it is Israel's commercial, financial, communications, and cultural center and the core of its largest ) to deliver three 4-car double-deck trains, each consisting of one power car and three trailer cars. The contract, which is a follow-on order to a contract awarded in August 1999, is valued at about $24 million Cdn (16 million Euro). The air-conditioned trains, which are scheduled to be delivered between April and May 2004, will be put in service for the Tel Aviv area as part of the project "Railway 2000".

The trains will be manufactured and assembled at Bombardier Transportation's site in Gorlitz, Germany. The electrical equipment A piece of electrical equipment is a machine, powered by electricity and usually consists of an enclosure, a variety of electrical components and often a power switch. Examples of Electrical Equipment
  • Cathodic protection rectifier
  • Fire alarm panel
 will be provided by Bombardier's site in Berlin-Marzahn, and the bogies by its site in Vetschau, also in Germany. In Israel, Bombardier is cooperating closely with local subcontractors.

The current order brings to 17 the number of double-deck trains ordered by the Israel Railways since 1999. The first 14 trains have already been delivered.

Bombardier Transportation is the global leader in the rail equipment manufacturing and servicing industry. Its wide range of products includes passenger rail cars and complete rail transportation systems. It also manufactures locomotives, freight cars, propulsion & controls and provides rail control systems.

Bombardier Inc., a diversified manufacturing and services company, is a world leading manufacturer of business jets, regional aircraft, rail transportation equipment and motorized mo·tor·ize  
tr.v. mo·tor·ized, mo·tor·iz·ing, mo·tor·iz·es
1. To equip with a motor.

2. To supply with motor-driven vehicles.

3. To provide with automobiles.
 recreational products. It also provides financial services and asset management in business areas aligned with its core expertise. Headquartered in Montreal, Canada, the Corporation has a workforce of some 80,000 people in 24 countries throughout the Americas, Europe and Asia-Pacific. Its revenues for the fiscal year ended Jan. 31, 2002 stood at $21.6 billion Cdn. Bombardier trades 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, BOM and BBDd.F).

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Publication:Business Wire
Geographic Code:1CANA
Date:Jul 2, 2002
Words:309
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