Bombardier Wins $130 Million Maintenance and Services Order From Southern California Regional Rail Authority.

Business Editors

MONTREAL--(BUSINESS WIRE)--June 27, 2003

Bombardier Transportation announced today that it has received an order from the Southern California Regional Rail Authority (SCRRA) to provide maintenance and services for SCRRA's Metrolink commuter rail fleet. Valued at $130 million Cdn ($96 million US), the contract covers maintenance and services for 146 Bombardier-built BiLevel(i) commuter rail cars and 37 EMD-built F-59 locomotives. The base agreement is for seven years. Total value of the order could grow to $193 million Cdn ($143 million US) if an option for three additional years is exercised.

William Spurr, president, Bombardier Transportation - North America, said the award reflects the strong relationship Bombardier Transportation and SCRRA have forged since entering into their first maintenance and services contract nearly five years ago.

"The success of this relationship has contributed greatly to the high-integrity transit service Metrolink is able to offer commuters in the Los Angeles area," said Spurr. "We look forward to working with and building on that foundation to help our customer deliver unparalleled commuter rail service in the future."

Spurr said the SCRRA award is evidence of Bombardier Transportation's growing presence as a lead provider of rail maintenance services in North America. "It confirms the solid competitive position we are developing in this market sector, " he said.

Bombardier Transportation currently maintains two of North America's largest BiLevel commuter fleets with SCRRA/Metrolink in Los Angeles and GO Transit in Toronto. It also maintains some 3,000 vehicles in Europe, Asia and Africa. In February, the Massachusetts Bay Commuter Railroad Company (MBCR), of which Bombardier Transportation is a member, signed a five-year, $1.35 billion Cdn ($1 billion US) services contract with the Massachusetts Bay Transportation Authority. The contract begins July 1, 2003.

In North America, Bombardier Transportation is the leader in high-speed rail, commuter rail, automated rapid transit and automated guideway transit systems.

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

Bombardier Inc., a diversified manufacturing and services company, is a world-leading manufacturer of business jets, regional aircraft, rail transportation equipment and motorized 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 75,000 people and manufacturing facilities in 25 countries throughout the Americas, Europe and Asia-Pacific. Its revenues for the fiscal year ended Jan. 31, 2003 stood at $23.7 billion Cdn. Bombardier shares are traded on the Toronto, Brussels and Frankfurt stock exchanges (BBD, BOM and BBDd.F).

(i) Trademark of Bombardier Inc. or its subsidiaries