MONTREAL (CP) — Bombardier Transportation has won a firm order for 87 bi-directional trams and options on another 15 from Brussels transit company STIB, the company announced Tuesday.
The contract is worth about US$285 million, the Montreal-based firm said in a release. Delivery of the low-floor trams is set to begin in April next year and to be completed by July 2012.
The deal for the Bombardier Flexity Outlook vehicles is part of a five-year framework agreement concluded with STIB in October 2003.
The vehicles will be made at Bombardier's Bruges site in Belgium, while the bogies will be produced at the Siegen facility in Germany.
Over 300 of the Outlook trams are already in service in Linz, Austria, Lodz, Poland, Eskisehir, Turkey, Geneva, Marseille, as well as Valencia and Alicante in Spain.
Bombardier Transportation has its headquarters in Berlin. Parent firm Bombardier Inc. is a world-leading manufacturer of innovative transportation solutions, from regional aircraft and business jets to rail transportation equipment, systems and services.
Its revenues for the fiscal year ended Jan. 31, 2007, were $14.8 billion.
In early trading on the Toronto Stock Exchange, Bombardier shares were up six cents, or 1.41 per cent, at $4.31.
