Montreal based Bombardier says it has an order to supply Germany's Abellio Rail with 35 of its Talent 2 trains in a deal valued at US$226 million.
Bombardier announced in a release Monday morning that it will supply 20 three-car and 15 five-car trains, with the vehicles due to enter service in December 2015.
The company develops and manufactures the Talent 2 trains at its site in Hennigsdorf, Germany.
Bombardier says the units will be equipped with its MITRAC 1000 propulsion and control system.
It says one of the advantages of this system is that it allows the train to accelerate quickly to a constant speed.
Read more Business News
- Snowbirds hit townKelowna - 10:25 am
- Pilot out of hospitalVernon / N. Okanagan - 1:20 pm
- Highway 97 reopenedVernon / N. Okanagan - 8:38 pm
- Wildfire doused quicklyCentral Okanagan - 4:28 pm
|QHR Technologies Inc||1.20||+0.05|
|Anavex Life Sciences||0.2675||+0.0025|
|Copper Mountain Mining||2.86||-0.11|
|Sunrise Resources Ltd||0.035||+0.015|
|Mission Ready Services||0.155||-0.035|
Photo: Thinkstock.comWays to reduce your Debt:Make a budget and get budget counselingA basic first step for debt reduction is to prepare a budget and plan your spending. Once you have a budget, you mu...
The Big Picture Geopolitical tensions rattle markets The spectre of rising geopolitical tensions in Ukraine and Gaza cast a shadow over an otherwise positive week in the markets. News that a passenger...
Photo: ContributedI have the pleasure of witnessing people delegate tasks quite often. Sometimes with tremendous success and sometimes with disastrous consequences. I have chaired a lot of committees...