December 20, 2018 / 3:47 PM / a year ago

BUZZ- Bombardier: Rises after co gets two orders in Europe

** Shares of the Canadian manufacturer up 4.3 pct at C$1.95 in early trade after co wins orders from Wiener Lokalbahnen and Railpool

** Co gets two contracts: to supply 18 Flexity trams and provide maintenance system for Vienna-based Wiener Lokalbahnen and for 20 electric Bombardier Traxx locomotives to Munich-based vehicle leasing company Railpool

** Wiener Lokalbahnen contract valued at ~94 million euros ($107.33 million), includes an option for an additional 16 vehicles and an additional 8 years of servicing and maintenance

** Railpool order worth ~74 million euros; also includes options of delivering up to 20 additional vehicles

** Separately, co to also deliver its first Global 7500 corporate jet on Thursday, which will compete with Gulfstream’s G650 jets, in the luxury plane market

** Including Thursday’s early gains stock down 35.6 pct YTD ($1 = 0.8758 euros) (Reporting by Arundhati Sarkar in Bengaluru)

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