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

To: Gilbert Drapeau who wrote (849)	1/24/2001 12:51:27 PM
From: Gilbert Drapeau	Read Replies (1) \| Respond to of 1177

Bombardier Receives CDN $ 625.4 Million Order From the MTA/NYCT for 350 Rapid Transit Cars MONTREAL, QUEBEC--JANUARY 24, 2001 - 12:39 EST The Board of Directors of the Metropolitan Transportation Authority/New York City Transit (MTA/NYCT) today announced its decision to award Bombardier Transportation an order for the production and supply of 350 R142 rapid transit cars. The award is subject to funding approval by the Federal Transit Administration. The order, valued at Cdn$625.4 million (US$418.9 million), is made up of two elements. The first represents the conversion of an existing option for 200 cars included in a contract awarded on July 11, 1997 for the design, manufacture and delivery of 680 cars. The second element represents an order for 150 additional cars to meet increasing ridership requirements identified by the Authority. The delivery of these cars will follow the schedule for the base order and will take place in 2002 and 2003. This additional contract brings the firm order to 1,030 cars for a total value of Cdn$1.9 billion (US$1.3 billion). Commenting on the announcement, the President of Bombardier Transportation, Mass Transit - North America, Mr. Jacques Laparé said "This new order reflects the constructive partnership we have successfully built with the NYCT over the past years. We appreciate the confidence that the MTA/NYCT is demonstrating in Bombardier and we are proud to contribute to the rejuvenation of the fleet of one of the largest rapid transit system in the world". With the completion of this order, Bombardier Transportation will have provided, since 1982, a total of 1,855 cars for the New York subway, which represents about one third of its 6,000 cars fleet. The R142 cars are customized to MTA/NYCT specifications to provide the highest degree of reliable and safe service, comfort, operational flexibility and ease of maintenance. Five-car sets are arranged into base operating units, each consisting of one motorized car at each end and three half-motorized cars. The 10 prototype cars completed extensive testing in New York last September and R142 trains are in revenue service since October 2000. The R142 stainless-steel carbodies are being manufactured at Bombardier's La Pocatière, Québec, plant with further manufacturing and assembly taking place at its Plattsburgh and Auburn, New York, plants. Bombardier Transportation, a world leader in the manufacturing of passenger rail cars, offers a full range of urban, suburban and intercity vehicles as well as complete rail transit systems worldwide. It also manufactures freight cars and provides operations and maintenance services. Bombardier Inc., a diversified manufacturing and service company, is a world leading manufacturer of business jets, regional aircraft, rail transportation equipment and motorised recreational products. It is also a provider of financial services and asset management. The Corporation employs 56,000 people in 12 countries in North America, Europe and Asia, and more than 90% of its revenues are generated outside Canada. Bombardier's revenues for its fiscal year ended Jan. 31, 2000 totalled Cdn $13.6 billion.