Bombardier Transportation
TSX : BBD.A
TSX : BBD.B

Bombardier Transportation

December 31, 2009 06:48 ET

Bombardier Confirms $405 million US Order to Provide Fleet Maintenance Services for RENFE in Spain

BERLIN, GERMANY--(Marketwire - Dec. 31, 2009) - Bombardier Transportation, in consortium with Talgo, confirms that it received an order from RENFE, the Spanish national rail operator, for the maintenance of a fleet of 30 AVE S/112 very high speed trains during a period of 14 years. Total value of the contract is approximately 641 million euros ($917 million US). Bombardier's share in this contract is valued at approximately 283 million euros ($405 million US). Maintenance activities will take place at RENFE's depots in Spain and work is predicted to start in 2010, after the conclusion of the train's homologation process. Bombardier's scope includes the preventive and corrective maintenance of the train power-heads, power supply, signaling and propulsion system and auxiliaries.

This fleet of 30 AVE S/112 high speed trains is currently being manufactured by Bombardier in consortium with Talgo. According to the manufacturing contract, Bombardier is responsible for the running dynamics, the entire electrical equipment of the power-head including the proven and reliable MITRAC 3000 propulsion system with traction, auxiliary converter and drive system, and very high-speed bogies. Bombardier will also carry out the final assembly and testing for its scope of work, while production of the passenger coaches is under Talgo's responsibility.

About Bombardier Transportation in Spain

Bombardier is a key player in Spain's rail industry, employing over 600 people at its sites in Trapaga, Alcobendas, Madrid and Barcelona, and participating in some of the country's main rail projects. The AVE 102 and the AVE 130 high-speed trains and the Madrid Barajas airport people mover are two examples.

About Bombardier Transportation

Bombardier Transportation, the global leader in rail technology, offers the broadest portfolio in the rail industry and delivers innovative products and services that set new standards in sustainable mobility. BOMBARDIER ECO4 technologies - built on the four cornerstones of energy, efficiency, economy and ecology - conserve energy, protect the environment and help to improve total train performance. Bombardier Transportation is headquartered in Berlin, Germany and has a presence in over 60 countries. It has an installed base of over 100,000 vehicles worldwide.

About Bombardier

A world-leading manufacturer of innovative transportation solutions, from commercial aircraft and business jets to rail transportation equipment, systems and services, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2009, were $19.7 billion US, and its shares are traded on the Toronto Stock Exchange (BBD). Bombardier is listed as an index component to the Dow Jones Sustainability World and North America indexes. News and information are available at www.bombardier.com.

BOMBARDIER, MITRAC and ECO4 are trademarks of Bombardier Inc. or its subsidiaries.

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