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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 (970)2/19/2002 12:08:30 PM
From: Gilbert Drapeau  Read Replies (1) of 1177
 
Bombardier Wins a Series of Orders In North America for
its New Generation of Bi-Level Commuter Rail Cars

MONTREAL, QUEBEC--FEBRUARY 19, 2002 - 09:25 EST
Bombardier Transportation was awarded, over the
last few weeks, a series of orders for the manufacture and supply
of its new generation of bi-level commuter rail cars from four
North American transportation authorities: the North San Diego
County Transit District, the Central Puget Sound Regional Transit
Authority, the San Joaquin Regional Rail Commission and the Fort
Worth Transportation Authority. The total value of the contracts
is approximately $92 million CDN ($58 million US).

These contracts total 12 cab cars and 18 coaches that will be
manufactured by Bombardier at its Thunder Bay (Ontario) and Barre
(Vermont) facilities. Deliveries are scheduled during the year
2003.

"Our customers have seized this opportunity and we are pleased to
supply this latest series of our bi-level equipment. This new
generation represents our solution to some of the most important
challenges public transit authorities have to face in these
times," said William Spurr, President of Bombardier
Transportation, North America.

These cars will be compliant with the new FRA Tier I regulations
as well as the recently published APTA PRESS standards. These new
Bombardier bi-level commuter rail cars are the next generation of
the most widely used passenger rail car design in North America.
They are thoroughly proven, and the equipment is trouble free.
Bombardier Transportation has been manufacturing bi-levels since
1975 when it started the original production models for GO
Transit, in Toronto. Since then, Bombardier has produced more
than 660 bi-level cars that are now operated by ten different
public transit authorities in the United States and Canada. Over
the past 27 years, significant investments have allowed Bombardier
Transportation to enhance the basic design and make other
improvements while being successful in maintaining a price that
satisfies its customers' objectives and requirements.

"Bombardier Transportation takes special pride in its highly
popular bi-level technology, the ideal choice of today's commuter
rail operators," added Mr. Spurr. The bi-level passenger rail
vehicle is one of the largest-capacity cars in the world, designed
to maximize passenger capacity, comfort and operating economies.
It has proven to be a successful choice throughout North America
with cars currently in service in Toronto, Vancouver, Greater Los
Angeles, San Diego County, between Stockton and San Jose, Greater
Seattle, Fort Worth, Northern Virginia and South Florida.

The Peninsula Commuter Service between San Jose and San Francisco
recently received 17 bi-levels to be placed into service by the
summer of 2002.

Bombardier Transportation has a major presence in North America,
employing some 5,450 people across Canada, Mexico and the United
States. Headquartered in Montreal, It operates 9 manufacturing
facilities in La Pocatiere (Quebec), Kingston and Thunder Bay
(Ontario), Vancouver (British Columbia), in Canada, Sahagun, in
Mexico, Auburn and Plattsburgh (NY), Barre (VT) and Pittsburg (CA)
in the United States. It operates maintenance centres in Toronto,
Los Angeles, Philadelphia, Washington (DC) and New York.

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 totalled $16.1 billion CDN.
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