SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Bombardier, maker of planes and trains and other things

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Gilbert Drapeau who wrote (957)12/19/2001 11:54:14 AM
From: Gilbert Drapeau  Read Replies (1) of 1177
 
Bombardier Receives $269 Million Order for Metro Cars for
Stockholm, Sweden

MONTREAL, QUEBEC--DECEMBER 19, 2001 - 09:52 EST
Bombardier Transportation received an order from
the Stockholm Public Transport Authority (SL) for the supply of 70
three-car metro units to replace the existing Stockholm Metro
vehicles. The order is valued at approximately $269 million Cdn
(approximately 190 million euros). Deliveries are scheduled to
start in September 2002 and to be completed in the Spring of 2004.

The new order brings the total number of Vagn 2000-type cars
ordered by the Stockholm Public Transport Authority to 270 units
which represents the biggest series of train orders of any type
ever placed in Sweden. The customer already has 161 three-car
units in service.

The new and highly popular 46.5-meter Stockholm metro unit is
built in three articulated sections with a driver's cab at each
end. Passengers can move freely throughout the entire length of
the unit. A full-length train consists of three units.

The carbodies, propulsion and controls will be manufactured at
Bombardier Transportation's facilities in Kalmar and Vasteras,
Sweden and the bogies in Derby, UK.

Commenting on the order, Olof Persson, President, Metros,
Bombardier Transportation said: "We are very pleased with this
supplementary order, which shows the customer's satisfaction with
the Vagn 2000 metro cars. The vehicles' performance is reliable
and economic whilst being comfortable, safe and extremely quiet.
It means taking a big step forward in making public transport in
Stockholm more attractive".

Bombardier Transportation in Sweden employs a total of 2,200
people at its engineering and production sites in Kalmar and
Vasteras, as well as its signalling systems facilities in
Stockholm, Goteborg and Hassleholm. Its current contracts include
the production of Contessa trains for the Oresund link between
Denmark and Sweden, light rail vehicles and metros for Stockholm
Public Transport, Regina regional trains for various Swedish
customers and Iron ore locomotives for the mining company LKAB.
Bombardier Transportation in Sweden is also presently developing
propulsion and controls for trains on order from customers in the
U.K. and France.

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 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 its revenues for its
fiscal year ended Jan. 31, 2001 totalled $16.1 billion Cdn.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext