Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Gilbert Drapeau who wrote (1043)	9/24/2002 9:22:18 AM
From: Gilbert Drapeau	Read Replies (1) \| Respond to of 1177

Bombardier Wins Rail Transportation Contracts in Europe and Asia For a Total Value of $234 Million MONTREAL, QUEBEC--SEPTEMBER 24, 2002 - 08:02 EDT Today, Bombardier Transportation announced orders for a total of approximately $234 million Cdn, which entail the supply of 10 two-car Regina trainsets in Sweden, the modernization of Eurotunnel locomotives and overhauling services for Shanghai metro cars. Bombardier Transportation has received an order from the rolling stock company Transitio in Sweden for the supply of 10 two-car electric multiple units (EMUs) Regina. The order is valued at approximately $82 million Cdn. Deliveries are scheduled to start by the end of 2003. The new order brings the total number of Regina-type EMUs ordered to 65 trains, 139 cars. Bombardier Transportation and the British rolling stock manufacturer Brush Traction have been commissioned by the operator Eurotunnel to modernise 37 locomotives. The total value of this work is approximately $244 million Cdn, whilst the value for Bombardier is approximately $135 million Cdn. The modernisation activities will take place between February 2003 and April 2009, prolonging the life of the locomotives by further 30 years and increasing their power from 5.6 MW to 7 MW. In addition, an option exists to upgrade another 14 locomotives. In Asia, Bombardier Transportation has been awarded a contract for the 10-year overhaul of 96 metro cars operated by Shanghai Metro Operation Corporation (SMOC), PR China, on Line 1. The total value of the contract is approximately $17 million Cdn. Bombardier will provide the technical support and material for the overhaul, which will be made in SMOC's workshop in Shanghai. Deliveries of the refurbished vehicles will commence in 2002 and end in 2005. The trains were originally delivered in 1992 by the GSMG consortium with Bombardier as the consortium leader. Enjoying a strong position in Europe as well as in North America, Bombardier Transportation captured more than 50 % of available industry orders (open-market) during the first half of calendar year 2002, amounting to more than $ 6.4 billion Cdn. 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 80,000 people in 24 countries throughout the Americas, Europe and Asia-Pacific. Its revenues for the fiscal year ended Jan. 31, 2002 stood at $21.6 billion Cdn. Bombardier trades on the Toronto, Brussels and Frankfurt stock exchanges (BBD, BOM and BBDd.F).