Bombardier Wins Contracts in Germany and Switzerland for a Total Value of $316 Million Cdn.Business Editors MONTREAL--(BUSINESS WIRE)--Dec. 21, 2001 Bombardier (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.) 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 contracts in Germany and Switzerland for a total value of approximately $316 million Cdn (223 million euros). The first order, awarded in German by Deutsche Bahn Deutsche Bahn AG (abbr. DB AG, DBAG or simply DB) is the successor of the former state railways of Germany: the Deutsche Bundesbahn of West Germany, the Deutsche Reichsbahn of the German Democratic Republic and the West Berlin VdeR. (DB) to a consortium comprised of Bombardier Transportation and Siemens, is for the production and delivery of 40 four-car electric multiple units (EMU). The total contract value is approximately $261 million Cdn (184 million euros), of which approximately $156 million Cdn (110 million euros) is Bombardier Transportation's share. Another consortium, comprised of Bombardier Transportation and Alstom Transport, has received an order for the delivery of 10 seven-car electric high-speed trains with tilting technology (ICN ICN International Council of Nurses. ) ordered by the Swiss Federal Railways (SBB SBB Schweizerische Bundesbahnen (Swiss Railway) SBB Sports by Brooks (sports webblog) SBB Sociedade Bíblica do Brasil (Portugese: Bible Society of Brazil) ). This order is valued at approximately $204 million Cdn (144 million euros), with Bombardier's share to be approximately $160 million Cdn (113 million euros). In Germany, deliveries of the EMUs to Deutsche Bahn are scheduled to take place between April and November 2003. The customer intends to put the trains in commercial service as of end of December 2003 for the Rhein-Neckar regional and commuter transport network. Since January 2001, more than 100 EMUs of the same type have already successfully been in service in the German regional networks of Essen, Magdeburg, Trier Trier (trēr), Latin Augusta Treverorum, city (1994 pop. 99,183), Rhineland-Palatinate, SW Germany, a port on the Moselle (Ger. Mosel) River, near the Luxembourg border. , Saarbrucken and Cologne. In Switzerland, the 10 ICN trains ordered by SBB shall be delivered throughout the entire year of 2004. Twenty-four high-speed trains of the ICN type have been in service since May 2000, mainly on the Lausanne-Biel-Zurich-St. Gallen line. Another 10 trains have been ordered in June 2001. 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 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 and revenues for its fiscal year ended Jan. 31, 2001 totalled $16.1 billion Cdn. PHOTOS AVAILABLE VIA OUR WEBSITE |
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