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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 (1044)	9/26/2002 12:43:40 PM
From: Gilbert Drapeau	Read Replies (1) \| Respond to of 1177

Bombardier Wins a $143-Million Order for the Refurbishment of Passenger Coaches in the UK MONTREAL, QUEBEC--SEPTEMBER 26, 2002 - 10:48 EDT Bombardier Transportation has been awarded a contract by HSBC Rail, a UK based rolling stock leasing company, for the refurbishment of 302 passenger coaches for use British train operator Great North Eastern Railway (GNER). The total value of the contract is approximately $143 million Cdn (pounds sterling 58 million) Deliveries are scheduled to take place between 2002 and 2005. The Bombardier Transportation facility located in Wakefield in the UK will be responsible for the refurbishment of the Mark IV coaches, including corrosion repair, vehicle repaint and complete interior refit. This work will ensure the MkIV continues to offer the highest levels of service to customers of one of the UK's premium intercity routes. Andrew Lezala, President of Bombardier Transportation, Services said: "This is a contract to rejuvenate one of the UK's premier fleets of vehicles and I thank HSBC for choosing us to do this important work. The professional and teamworking approach that exists between HSBC Rail, GNER and Bombardier Transportation provides an excellent platform for a very successful contract execution." Bombardier Transportation, Services offers a complete range of operations and maintenance services to operators, meeting the rapidly changing needs of the rail industry worldwide. The refurbishment and re-engineering of vehicles and systems represents another facet of its support activities, offering extended life to existing rolling stock. Bombardier has a major presence in the UK, employing close to 12,000 people across the country, of which 5,200 work for Bombardier Transportation. As well as manufacturing capability at the Derby, Wakefield and Plymouth sites, Bombardier Transportation has refurbishment, maintenance and overhaul centres at Crewe, Central Rivers, Chart Leacon, Doncaster, Ilford, Croydon and 13 other locations throughout the UK. 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 systems. 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. Bombardier trades on the Toronto, Brussels and Frankfurt stock exchanges (BBD, BOM and BBDd.F).