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Gold/Mining/Energy : Bombardier, maker of planes and trains and other things

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To: Gilbert Drapeau who wrote (802)10/4/2000 8:53:28 AM
From: Gilbert Drapeau  Read Replies (1) of 1177
 
Bombardier Receives a $99-Million Order for TGV Duplex in
France

MONTREAL, QUEBEC--OCTOBER 4, 2000 - 08:08 EDT
The consortium comprised of Bombardier
Transportation and Alstom Transport has received from the Société
Nationale des Chemins de fer Français (SNCF) an order for 22 TGV
Duplex 10-car trainsets, with an option for 60 additional
trainsets. Bombardier will be manufacturing the two first-class
vehicles, one second-class vehicle and six carrying bogies for
each trainset. Bombardier's share of the contract is valued at
Cdn $99 million (74 million euros). Should the option be
exercised, Bombardier's total order value would amount to
approximately Cdn $363 million (275 million euros).

Bombardier Transportation, to date, has contributed to the
production of 225 TGV trainsets. Between 1985 and 1992, the
Company has equipped 105 TGV Atlantique trainsets, 30 two-current
and 50 three-current TGV Réseau trainsets, as well as 10 TGV PBKA
(Paris/Brussels/Cologne/Amsterdam) trainsets. Since December
1993, Bombardier Transportation has taken part in the manufacture
of 30 TGV Duplex trainsets.

Bombardier Transportation, a world leader in the manufacturing of
passenger rail cars, offers a full range of urban, suburban and
intercity vehicles as well as complete rail transit systems
worldwide. It also manufactures freight cars and provides
operations and maintenance services.

Bombardier Inc., a diversified manufacturing and service company,
is a world leading manufacturer of business jets, regional
aircraft, rail transportation equipment and motorized recreational
products. It is also a provider of financial services and asset
management. The Corporation employs 56,000 people in 12 countries
in North America, Europe and Asia, and more than 90% of its
revenues are generated outside Canada. Bombardier's revenues for
its fiscal year ended Jan. 31, 2000 totalled $13.6 billion.
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