NEW YORK (AP) -- Canadian aircraft maker Bombardier Inc. said it signed a contract worth up to $3 billion to work with Siemens AG to make train components for Germany's Deutsche Bahn rail system.
Bombardier and Siemens would develop and supply shells and other parts for up to 300 high-speed trains.
There would be 130 trains covered by the first part of the contract, and Deutsche Bahn plans to place an order with Siemens for another 90 trains. The value of those two contracts would be $3 billion to Bombardier, it said.
The deal between Siemens and Deutsche Bahn includes an option for up to 80 additional trains that could be ordered by 2030.
Bombardier said its transportation division will supply Siemens with body shells and other components and carry out final assembly of some coaches.
Bombardier said the steel body shells will be designed to reduce fuel consumption. Production will start in summer 2013.
Bombardier and Siemens would develop and supply shells and other parts for up to 300 high-speed trains.
There would be 130 trains covered by the first part of the contract, and Deutsche Bahn plans to place an order with Siemens for another 90 trains. The value of those two contracts would be $3 billion to Bombardier, it said.
The deal between Siemens and Deutsche Bahn includes an option for up to 80 additional trains that could be ordered by 2030.
Bombardier said its transportation division will supply Siemens with body shells and other components and carry out final assembly of some coaches.
Bombardier said the steel body shells will be designed to reduce fuel consumption. Production will start in summer 2013.