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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 (1150)	2/25/2004 11:31:26 AM
From: Gilbert Drapeau	Respond to of 1177

Bombardier Awarded $208-Million Maintenance Services Contract by Spanish National Railways MONTREAL, QUEBEC--FEBRUARY 25, 2004 - 10:02 ET A consortium comprising Bombardier Transportation and Patentes Talgo was awarded a $433-million Cdn (258 million Euros) services contract by the Spanish National Railways (RENFE). Bombardier's share in the contract is approximately $208 million Cdn (124 million Euros). Under the contract, Bombardier and Patentes Talgo will maintain RENFE's fleet of 16 AVE(i) 102 very high-speed trains for a period of 14 years. During the announcement, Rik Dobbelaere, President, Services, Bombardier Transportation, said "This award, which encompasses one of the most advanced very-high speed trains in the world, contributes to consolidate Bombardier's leadership position in the services area of our business." Within this services contract Bombardier will be responsible for the preventive and corrective maintenance of the train power heads, power supply, signalling and propulsion system and auxiliaries. Bombardier, together with Talgo, is currently producing RENFE's fleet of 16 AVE 102 trains which will be used on Spain's high-speed line which runs between Madrid, Barcelona and the French border town of Le Perthus. Deliveries of the trains started in October 2003 and are scheduled to end in December 2004. Bombardier Transportation's scope of supply within the vehicle production comprises of the development and manufacture of the lightweight very-high-speed power heads, including all electrical equipment, propulsion system and bogies. Bombardier also participates in the final assembly and testing of the trainsets. The characteristic shape of the AVE 102 power head was developed in a wind tunnel. Its special design decreases the pressure waves that occur when a train passes through tunnels and reduces the effect of crosswinds. Although certified for a maximum speed of 330 km/h (per contractual request) the AVE 102 still holds considerable reserves: in December 2002 the pre-series train, developed by Bombardier and Talgo, set the railway speed record in Spain, reaching a top speed of 362 km/h. About Bombardier A world-leading manufacturer of innovative transportation solutions, from regional aircraft and business jets to rail transportation equipment, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2003 were $21.2 billion Cdn and its shares are traded on the Toronto, Brussels and Frankfurt stock exchanges (BBD, BOM and BBDd.F). News and information are available at www.bombardier.com. N.B. Fiscal year 2002-03 revenues have been restated following the sale of the recreational products business. (i) AVE is a trademark of RENFE NOTE TO EDITORS: A photo is available on our Website at the following address: www.transportation.bombardier.com/photography.jsp

To: Gilbert Drapeau who wrote (1150)	2/26/2004 9:53:21 AM
From: Gilbert Drapeau	Read Replies (1) \| Respond to of 1177

Bombardier Aerospace Appoints Head of New Commercial Aircraft Program MONTREAL, QUEBEC--FEBRUARY 26, 2004 - 09:25 ET Bombardier Aerospace announced today the appointment of Gary R. Scott as President, New Commercial Aircraft Program, effective March 8, 2004. Mr. Scott will be responsible to form and lead a multi-disciplinary team to evaluate the possibility of proceeding with the creation of a new generation commercial aircraft. "With almost 30 years experience at The Boeing Company in jobs ranging from finance to strategy to program management, Gary, an experienced aviation executive, is the ideal choice to lead our evaluation team over the next 12 months as we prepare to make a decision on the development of a new commercial aircraft program," said Pierre Beaudoin, President and Chief Operating Officer, Bombardier Aerospace. "His experience, coupled with our industry-leading new product development expertise of 15 new products in 14 years, assures us of a thorough and sound evaluation process. We are very pleased to have him join us at this exciting time for Bombardier Aerospace." Mr. Scott's aerospace experience includes executive leadership of Boeing's 737/757 commercial airplane division during the biggest production build-up in the Company's history and the launch of the 737 Next Generation program and the 757-300 program. Mr. Scott left Boeing in 2002 to join CAE, Inc. as Group President, Civil Simulation and Training, a position he held prior to joining Bombardier. About Bombardier A world-leading manufacturer of innovative transportation solutions, from regional aircraft and business jets to rail transportation equipment, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2003 were $21.2 billion Cdn and its shares are traded on the Toronto, Brussels and Frankfurt stock exchanges (BBD, BOM and BBDd.F). News and information are available at www.bombardier.com. N.B. Fiscal year 2002-03 revenues have been restated following the sale of the recreational products business. (i) Trademarks of Bombardier Inc. or its subsidiaries.