Bombardier wins $248 million rail order in Germany

Thu Dec 15, 2011 7:35am EST
 
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(Reuters) - Bombardier Inc's (BBDb.TO: Quote) train unit has won orders worth $248 million to provide light rail vehicles and classic trams to the Frankfurt transport authority.

The 78 new light rail vehicles will be delivered between 2014 and 2017, and the 10 new trams are expected to reach Frankfurt/Main by December 2012, the company said in a statement.

With this order, Berlin-based Bombardier Transportation has supplied the Frankfurt transport authority with 299 vehicles so far.

In November the unit received a contract worth $214.4 million (11.2 billion Indian rupees) to make railway equipment for India's Mumbai Railway Vikas Corp.

Shares of Bombardier, the world's largest trainmaker and third biggest planemaker, closed at C$3.50 on Wednesday on the Toronto Stock Exchange.

(Reporting by Gowri Jayakumar in Bangalore; Editing by Supriya Kurane)