Bombardier Receives a $339-Million-Cdn Order for Diesel Multiple Units in Australia.Business Editors MONTREAL and MELBOURNE, Australia--(BUSINESS WIRE)---Nov. 21, 2001 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. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : 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.) (TSE: BBD.B.) has signed a contract with National Express and the Victorian State Government to build 29 two-car diesel multiple units (DMU (Digital MockUp) The combination of geometry data from multiple CAD systems rendered and manipulated as a sub-assembly, assembly and/or product. DMU - Data Management Unit Data Manipulation Unit Data Multiplexer Unit ) for Victoria's country and regional services. The agreement also covers the maintenance of these trains for the next 15 years. The total value of the firm order is approximately $339 million Cdn ($410 million Australian). The transaction carries options for the manufacture and maintenance of 10 additional two-car units which would take the total contract value to approximately $455 million Cdn ($550 million Australian). Deliveries are scheduled to take place between October 2004 and July 2006. The state-of-the-art stainless steel stainless steel: see steel. stainless steel Any of a family of alloy steels usually containing 10–30% chromium. The presence of chromium, together with low carbon content, gives remarkable resistance to corrosion and heat. trains will be manufactured at Bombardier's Dandenong facility in Victoria with some components and technical input being supplied by local Australian engineering firms. Bombardier Transportation's facility in Derby, UK will be providing the bogies. "We are pleased that National Express, a leading international train operator, has selected trains designed and manufactured by Bombardier Transportation," says Dan Osborne, Chief Country Representative of Bombardier Transportation in Australia. "This order reinforces Bombardier's overall presence in Australia and strengthens Bombardier Transportation's ability to pursue other activities in the region." notes Jules Pleau, Vice President, Bombardier International, who played a significant role in assisting in the transaction. Bombardier Transportation's Dandenong plant has been manufacturing trains and trams for Australian railways for over 25 years. Bombardier Transportation, which employs 210 people in Australia, is currently working on manufacturing or service contracts in Queensland, New South Wales New South Wales, state (1991 pop. 5,164,549), 309,443 sq mi (801,457 sq km), SE Australia. It is bounded on the E by the Pacific Ocean. Sydney is the capital. The other principal urban centers are Newcastle, Wagga Wagga, Lismore, Wollongong, and Broken Hill. and Victoria. 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 signaling equipment and systems. Bombardier International's mandate is to assist other Bombardier groups to accelerate their expansion into targeted markets outside North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Western Europe. Bombardier Inc., a diversified manufacturing and service 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 is also a provider of financial services and asset management. The Corporation employs 79,000 people in 24 countries in the Americas, Europe and Asia-Pacific. Bombardier's revenues for its fiscal year ended Jan. 31, 2001 totalled $16.1 billion. PHOTO AVAILABLE THROUGH OUR WEB SITE |
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