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.

Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (9819)	10/25/1998 8:28:00 PM
From: Ditchdigger	Respond to of 29382

Sergio, Sunday Bomber news.. NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS FOR: BOMBARDIER TRANSPORTATION TSE, ME SYMBOL: BBD.A TSE, ME SYMBOL: BBD.B OCTOBER 25, 1998 Bombardier Receives $165 Million Contract for 60 Vehicles for the Vancouver Skytrain Extension SAINT-BRUNO, QUEBEC--Bombardier Transportation was awarded an order from Rapid Transit Project 2000 Ltd. for the manufacture and supply of 60 advanced rapid transit MK II vehicles to be used on the new SkyTrain System in Vancouver servicing Vancouver, Burnaby, Coquitlam and New Westminster. This order valued at $165 million Cdn (approximately US$108 million) follows the memorandum of understanding Bombardier signed with the Province of British Columbia on June 24, 1998. The portion of the contract relating to the other elements of the transit system is still under negotiation at the present time. The order is for 60 vehicles with options for 60 additional cars. Should all the options be exercised, the overall value of the contract would reach $300 million Cdn (approximately US $195 million). The vehicle is fully automated. It is configured to be coupled as a married pair. Bombardier's SkyTrain technology has been in operation in Vancouver since 1986 and has also been implemented in Detroit (USA), Scarborough (Canada) and Kuala Lumpur (Malaysia). Very recently, the Port Authority of New York and New Jersey chose the same technology for the New York JFK International Airport. The vehicles will be produced at Bombardier's facilities in Kingston and in Vancouver where Bombardier will establish a new Centre for Advanced Transit Systems in the fall of 1999. The location of the plant will be announced in the next few weeks. First vehicles are expected to be in operation in the fall of the year 2000. Bombardier Transportation, a world leader in the manufacturing of passenger rail cars, is responsible for all Bombardier's operations in the field of rail transportation equipment. It offers a complete range of urban, suburban and intercity vehicles as well as turnkey rail transit systems worldwide. It also manufactures freight cars and provides operations and maintenance services. Bombardier Transportation is the leading supplier of passenger rail cars in North America, where its activities are carried out by Mass Transit - North America and Transit Systems (Canada), Bombardier Transit Corporation (USA) and Concarril (Mexico). In Europe, Bombardier Transportation operates manufacturing facilities in Austria, Belgium, the Czech Republic, France, Germany, Switzerland and the United Kingdom. Bombardier Inc. is a Canadian corporation engaged in design, development, manufacturing and marketing activities in the fields of aerospace, rail transportation equipment and recreational products. It also provides financial services and services related to its products and core competencies. The Montr‚al-based Corporation operates plants in Canada, the United States, Mexico, Austria, Belgium, Czech Republic, Finland, France, Germany, Switzerland and the United Kingdom, employing 47,000 people. Bombardier's revenues for its fiscal year ended January 31, 1998 totalled 8.5 billion Canadian dollars, and more than 88 percent of its revenues are generated in markets outside Canada. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Bombardier Transportation Francine Durocher Monin Manager, Public Relations (450) 441-3190 transportation.bombardier.com A photo will be available on the Canadian Press Network INDUSTRY: IDD SUBJECT: BFC -0- =================================================================== You may change your service options at anytime by visiting: cdn-news.com ===================================================================