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Gold/Mining/Energy : Bombardier, maker of planes and trains and other things -- Ignore unavailable to you. Want to Upgrade?

To: csm who wrote (672)	10/28/1999 6:21:00 PM
From: csm	Respond to of 1177

Press Release: Options being converted already on the Long Island RR deal. Stuart. ========= Bombardier receives 34 commuter rail cars order Bombardier Cl B SV BBD.B Shares issued 507,280,497 Oct 27 close $24.80 Thu 28 Oct 99 News Release Mr. Gilles Page reports Bombardier Transportation has been awarded a $103-million ($70-million (U.S.)) order by the Metropolitan Transportation Authority/Long Island Rail Road (LIRR) for the supply of 34 electrical multiple unit (EMU) commuter rail cars. This order represents the exercise of an option included in the contract awarded on May 24, 1999, for the supply of 192 electrical multiple unit commuter cars and options for 808 additional cars. The exercise of this option brings the total value of the contract to $758-million ($515-million (U.S.)). The contract calls for the design, manufacture and delivery of new M-7 commuter cars to begin replacement of the electric commuter car fleets for both MTA commuter railroad agencies, the Long Island Rail Road (LIRR) and Metro North Commuter Railroad (MNCR). The M-7 stainless steel car bodies will be fabricated at Bombardier's La Pocatiere, Que., plant, with final manufacturing and assembly at the Plattsburgh, N.Y., plant. The M-7 vehicles incorporate the most advanced technologies to serve the needs of the broad spectrum of passengers who ride each day. The total vehicle is focused on optimizing customer safety and comfort while ensuring excellent train performance and reliability. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com