Bombardier Wins $130 Million Maintenance and Services
Order From Southern California Regional Rail Authority
MONTREAL, QUEBEC--JUNE 27, 2003 - 15:41 ET
Bombardier Transportation announced today that
it has received an order from the Southern California Regional
Rail Authority (SCRRA) to provide maintenance and services for
SCRRA's Metrolink commuter rail fleet. Valued at $130 million Cdn
($96 million US), the contract covers maintenance and services
for 146 Bombardier-built BiLevel(i) commuter rail cars and 37
EMD-built F-59 locomotives. The base agreement is for seven
years. Total value of the order could grow to $193 million Cdn
($143 million US) if an option for three additional years is
exercised
William Spurr, president, Bombardier Transportation - North
America, said the award reflects the strong relationship
Bombardier Transportation and SCRRA have forged since entering
into their first maintenance and services contract nearly five
years ago.
"The success of this relationship has contributed greatly to the
high-integrity transit service Metrolink is able to offer
commuters in the Los Angeles area," said Spurr. "We look forward
to working with and building on that foundation to help our
customer deliver unparalleled commuter rail service in the
future."
Spurr said the SCRRA award is evidence of Bombardier
Transportation's growing presence as a lead provider of rail
maintenance services in North America. "It confirms the solid
competitive position we are developing in this market sector, "
he said.
Bombardier Transportation currently maintains two of North
America's largest BiLevel commuter fleets with SCRRA/Metrolink in
Los Angeles and GO Transit in Toronto. It also maintains some
3,000 vehicles in Europe, Asia and Africa. In February, the
Massachusetts Bay Commuter Railroad Company (MBCR), of which
Bombardier Transportation is a member, signed a five-year, $1.35
billion Cdn ($1 billion US) services contract with the
Massachusetts Bay Transportation Authority. The contract begins
July 1, 2003.
In North America, Bombardier Transportation is the leader in
high-speed rail, commuter rail, automated rapid transit and
automated guideway transit systems.
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).
(i) Trademark of Bombardier Inc. or its subsidiaries |
