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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 (946)	11/21/2001 9:50:11 PM
From: Gilbert Drapeau	Read Replies (1) \| Respond to of 1177

Bombardier Receives a $339 Million Cdn Order for Diesel Multiple Units in Australia MONTREAL, QUEBEC and MELBOURNE, AUSTRALIA--NOVEMBER 21, 2001 - 19:38 EST Bombardier Transportation has signed a contract with National Express and the Victorian State Government to build 29 two-car diesel multiple units (DMU) for Victoria's country and regional services. The agreement also covers the maintenance of these trains for the next 15 years. The total value of the firm order is approximately $339 million Cdn ($410 million Australian). The transaction carries options for the manufacture and maintenance of 10 additional two-car units which would take the total contract value to approximately $455 million Cdn ($550 million Australian). Deliveries are scheduled to take place between October 2004 and July 2006. The state-of-the-art stainless steel trains will be manufactured at Bombardier's Dandenong facility in Victoria with some components and technical input being supplied by local Australian engineering firms. Bombardier Transportation's facility in Derby, UK will be providing the bogies. "We are pleased that National Express, a leading international train operator, has selected trains designed and manufactured by Bombardier Transportation," says Dan Osborne, Chief Country Representative of Bombardier Transportation in Australia. "This order reinforces Bombardier's overall presence in Australia and strengthens Bombardier Transportation's ability to pursue other activities in the region." notes Jules Pleau, Vice President, Bombardier International, who played a significant role in assisting in the transaction. Bombardier Transportation's Dandenong plant has been manufacturing trains and trams for Australian railways for over 25 years. Bombardier Transportation, which employs 210 people in Australia, is currently working on manufacturing or service contracts in Queensland, New South Wales and Victoria. 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 signaling equipment and systems. Bombardier International's mandate is to assist other Bombardier groups to accelerate their expansion into targeted markets outside North America and Western Europe. Bombardier Inc., a diversified manufacturing and service company, is a world leading manufacturer of business jets, regional aircraft, rail transportation equipment and motorized recreational products. It is also a provider of financial services and asset management. The Corporation employs 79,000 people in 24 countries in the Americas, Europe and Asia-Pacific. Bombardier's revenues for its fiscal year ended Jan. 31, 2001 totalled $16.1 billion. PHOTO AVAILABLE THROUGH OUR WEB SITE