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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 (957)	12/19/2001 11:54:14 AM
From: Gilbert Drapeau	Read Replies (1) \| Respond to of 1177

Bombardier Receives $269 Million Order for Metro Cars for Stockholm, Sweden MONTREAL, QUEBEC--DECEMBER 19, 2001 - 09:52 EST Bombardier Transportation received an order from the Stockholm Public Transport Authority (SL) for the supply of 70 three-car metro units to replace the existing Stockholm Metro vehicles. The order is valued at approximately $269 million Cdn (approximately 190 million euros). Deliveries are scheduled to start in September 2002 and to be completed in the Spring of 2004. The new order brings the total number of Vagn 2000-type cars ordered by the Stockholm Public Transport Authority to 270 units which represents the biggest series of train orders of any type ever placed in Sweden. The customer already has 161 three-car units in service. The new and highly popular 46.5-meter Stockholm metro unit is built in three articulated sections with a driver's cab at each end. Passengers can move freely throughout the entire length of the unit. A full-length train consists of three units. The carbodies, propulsion and controls will be manufactured at Bombardier Transportation's facilities in Kalmar and Vasteras, Sweden and the bogies in Derby, UK. Commenting on the order, Olof Persson, President, Metros, Bombardier Transportation said: "We are very pleased with this supplementary order, which shows the customer's satisfaction with the Vagn 2000 metro cars. The vehicles' performance is reliable and economic whilst being comfortable, safe and extremely quiet. It means taking a big step forward in making public transport in Stockholm more attractive". Bombardier Transportation in Sweden employs a total of 2,200 people at its engineering and production sites in Kalmar and Vasteras, as well as its signalling systems facilities in Stockholm, Goteborg and Hassleholm. Its current contracts include the production of Contessa trains for the Oresund link between Denmark and Sweden, light rail vehicles and metros for Stockholm Public Transport, Regina regional trains for various Swedish customers and Iron ore locomotives for the mining company LKAB. Bombardier Transportation in Sweden is also presently developing propulsion and controls for trains on order from customers in the U.K. and France. 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 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 and its revenues for its fiscal year ended Jan. 31, 2001 totalled $16.1 billion Cdn.