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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 (1061)	12/11/2002 10:41:49 PM
From: Gilbert Drapeau	Read Replies (2) \| Respond to of 1177

Bombardier Receives a $378-Million CDN Order for the Delivery of Multi-Level Commuter Cars to NJ TRANSIT in New Jersey, United States MONTREAL, QUEBEC--DECEMBER 11, 2002 - 15:04 EST Bombardier Transportation today announced that it received an order from NJ TRANSIT for the supply of 100 multi-level vehicles to increase train system capacity. NJ TRANSIT received unanimous approval from its Board of Directors to contract with Bombardier, subject to execution of an agreement between NJ TRANSIT and the Port Authority who is funding the project. Valued at $378 million Cdn ($243 million US), the contract calls for the design, manufacture and delivery of new multi-level commuter cars. It includes options for up to 186 additional multi-level vehicles which, if exercised, would bring the total value of the order to $817 million Cdn ($525 million US). Commenting on today's announcement, William Spurr, President of Bombardier Transportation, North America, said "We look forward to working with our customer, NJ TRANSIT, to supply these highly popular multi-level vehicles. This order reaffirms our position as the leading supplier of passenger rail equipment in United States. The project will benefit from our reinforced approach to project management and lean design and manufacturing processes." Mr. Spurr added that "NJ TRANSIT is already an established customer with Bombardier-built Comet II, III and IV push-pull commuter cars, some of which have been in service now for over twenty years. We welcome the opportunity to extend our relationship with NJ TRANSIT with this significant contract." The stainless steel carbodies will be manufactured at Bombardier's La Pocatiere, Quebec, plant with final assembly at the Plattsburgh, NY plant. Six Pilot Cars will be delivered in July 2005, some 30 months after Notice to Proceed and will undergo a six-month test program. Delivery of the remaining cars will begin after the testing is completed. In North America, Bombardier Transportation is the leader in high-speed rail, commuter rail, automated rapid transit and automated guideway transit systems. It also maintains two of the largest multi-level commuter fleets in Canada and the United States. 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). PHOTO AVAILABLE VIA OUR WEBSITE