Bombardier Wins a $144-Million Order for High-Speed
Trains in Germany
MONTREAL, QUEBEC--MAY 13, 2002 - 07:00 EDT
A consortium comprised of Bombardier
Transportation, Siemens and Alstom has received an order from
Deutsche Bahn for the delivery of 28 seven-car ICE T high-speed
trains in Germany. The total value of the contract is
approximately CDN$600 million (420 million euros). Bombardier's
share of the contract is valued at approximately CDN$144 million
(101 million euros). Delivery of the vehicles is scheduled to
take place between June 2004 and February 2006.
Bombardier Transportation is responsible for the production of 105
vehicles, including 49 trailer cars and 56 end cars. The 105
carbodies will be produced at Bombardier's plant in Gorlitz while
interior completion will be undertaken in its Ammendorf facility,
both of which are in Germany. Siemens will produce the remaining
91 carbodies as well as provide the electrical equipment for all
196 cars and part of the final assembly. Alstom will provide the
bogies and tilting system.
The ICE T train, an electric high-speed train which uses tilting
technology, can reach a top speed of 230 km/h. The new Class 411
trains will be used on Deutsche Bahn's high-speed network
throughout Germany. Deutsche Bahn currently has 43 ICE T trains
in service.
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 rail control systems.
Bombardier Inc., a diversified manufacturing and services company,
is a world leading manufacturer of business jets, regional
aircraft, rail transportation equipment and motorized recreational
products. It also provides financial services and asset
management in business areas aligned with its core expertise.
Headquartered in Montreal, Canada, the Corporation has a workforce
of some 80,000 people in 24 countries throughout the Americas,
Europe and Asia-Pacific. Its revenues for the fiscal year ended
Jan. 31, 2002 stood at CDN$21.6 billion Bombardier trades on the
Toronto, Brussels and Frankfurt stock exchanges (BBD, BOM and
BBDd.F).
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