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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 (960)1/24/2002 12:05:11 PM
From: Gilbert Drapeau  Read Replies (2) of 1177
 
Bombardier Wins $161-Million-Order for Electric
Locomotives and Double-Deck Cars in Germany

MONTREAL, QUEBEC--JANUARY 24, 2002 - 09:47 EST
Bombardier Transportation received an order from
the Local Transport Authority of Lower Saxony (LNVG) in Germany
for the delivery of 10 locomotives and 66 double-deck cars. The
total contract value is approximately $161 million Cdn (Euros 113
million). Deliveries are scheduled to take place between July
2003 and October 2003. The trains are planned to be used in the
RegionalExpress service on the lines Hamburg - Bremen and Hamburg
- Uelzen starting December 2003.

The electric locomotives of the class 146 have been specifically
designed for local and regional transport. The locomotives'
maximum speed of 160 km/h makes them also suitable for regional
express transport. The vehicles will be manufactured at
Bombardier's facility in Kassel.

The latest generation of double-deck cars offer first and second
class compartments. Ten of the 66 double-deck cars have been
designed as driving trailers. All cars will be produced at
Bombardier's plant in Gorlitz. So far, more than 1000 double-deck
cars of previous generations have been ordered by Deutsche Bahn
and are successfully in service for local and regional transport
in Germany.

Robin Schweitzer, President, Regional & Commuter, Bombardier
Transportation, emphasized: "This contract for double-deck cars
and locomotives is further recognition of our competence to build
complete regional trains and demonstrates our leadership not only
in Germany but also in Europe. We offer our customers modern
products, which are tailor-made to suit their needs."

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 revenues for its
fiscal year ended Jan. 31, 2001 totaled $16.1 billion Cdn.
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