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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 (1107)5/28/2003 9:49:46 AM
From: Gilbert Drapeau   of 1177
 
Bombardier Receives Additional $227-Million Order for
Regional Trains From Deutsche Bahn in Germany

MONTREAL, QUEBEC--MAY 28, 2003 - 09:05 ET
A consortium comprised of Bombardier
Transportation and Alstom LHB has received an order from Deutsche
Bahn for the supply of 60 additional four-car regional trains
class 423. This follow-on order is valued at approximately $342
million Cdn (210 million euros), and the share of consortium
leader Bombardier Transportation is approximately $227 million
Cdn (139 million euros). Vehicle delivery is scheduled to start
in May 2004. Deutsche Bahn intends to use these trains in S-Bahn
operation.

The propulsion equipment and bogies, interior fitting, final
assembly, testing and commissioning will be provided by
Bombardier Transportation from its sites in Hennigsdorf and
Siegen, Germany and by Alstom from its site in Salzgitter, also
in Germany. The carbodies will be built by Alstom in Salzgitter,
and the electrical equipment will be supplied by Bombardier's
plant in Mannheim, Germany.

The vehicles of class 423, which are part of the new generation
of electric multiple units, have a modular design. They will
gradually replace the class 420 vehicles, which have been in
service for some 30 years. In addition to their sleek design and
modern technology, the trains also meet the latest environmental
standards. "Their consistent lightweight construction," explained
Olof Persson, President, Regional & Commuter, Bombardier
Transportation, "makes them 30 tons lighter than the predecessor
vehicles, which saves propulsion energy. In addition, the braking
energy is being fed back into the traction network."

This new order brings to 456 the number of trains of this type
ordered by Deutsche Bahn to date. More than 300 of these trains
have already been delivered.

Bombardier Transportation is the global leader in the rail
equipment manufacturing and servicing industry. Its wide range of
products includes passenger rail cars and total transit systems.
It also manufactures locomotives, freight cars, propulsion &
controls and provides rail control solutions.

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 75,000 people and manufacturing facilities in
25 countries throughout the Americas, Europe and Asia-Pacific.
Its revenues for the fiscal year ended Jan. 31, 2003 stood at
$23.7 billion Cdn. Bombardier shares are traded on the Toronto,
Brussels and Frankfurt stock exchanges (BBD, BOM and BBDd.F
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