Market Overview

Bombardier Receives Additional Order from BART for 365 Rail Cars Worth $639M

Rail technology leader Bombardier Transportation (OTC: BDRBF) announced today that the San Francisco Bay Area Rapid Transit District (BART) confirmed an order for 365 additional rail cars for its "Fleet of the Future". The order, valued at approximately $639 million US ($681 million CDN, 470 million euro), is part of a contract signed in June, 2012. Bombardier now has firm orders for 775 cars with a total value of approximately $1.5 billion US ($1.6 billion CDN, 1.1 billion euro)."BART is very pleased to be partnered with Bombardier for this important project to bring a new and improved fleet to the Bay Area," said BART General Manager Grace Crunican. "We look forward to the successful delivery of 775 innovative, reliable, safe and comfortable rail cars."Raymond Bachant, President, Region Americas, Bombardier Transportation, added: "This new order is indicative of BART's satisfaction with our partnership and progress in the design of this new generation of metro cars. The cars will incorporate state-of-the-art, environmentally-friendly technologies and include input from Bay Area citizens who had the opportunity this summer to tour a mock-up of the car and learn about proposed improvements to the interior."These improvements include a reconfigured interior layout

See full press release

Posted-In: News Guidance Contracts Management Global

 

Related Articles (BDRBF)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters

Benzinga Professional