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Bombardier Wins $380 Million Transit Car Contract

Land Transport Authority of Singapore ordered 219 driverless transit cars from Bombardier, valued at about $380 million.

BERLIN (CP) -- Bombardier Transportation says it has won a contract to supply 219 driverless transit cars from the Land Transport Authority of Singapore.

The contract, announced early Friday, is valued at about US$380 million, or about C$456 million at current exchange rates.

Deliveries are scheduled to begin in the last quarter of 2012 and will be completed in mid-2016, Bombardier said.

Bombardier Transportation is based in Berlin and is part of Bombardier Inc., a Montreal-based aircraft manufacturer and railcar developer, which had annual revenues of US$17.5 billion for the fiscal year ended last Jan. 31.

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