Bombardier Transportation

TSX : BBD.A
TSX : BBD.B


Bombardier Transportation

December 31, 2013 04:32 ET

Bombardier and London Underground execute Joint Release Agreement

BERLIN, GERMANY--(Marketwired - Dec. 31, 2013) - Bombardier Transportation and London Underground (LU) today announced that the signalling contract for the Circle, District, Hammersmith & City and Metropolitan lines (Sub Surface lines) will be re-let by LU following discussions between the two companies.

Bombardier was awarded a contract in June 2011 following a competitive tender process, and has already undertaken a great deal of preparatory works.

The new contract will see signalling modernised on 40 per cent of the Underground network, allowing LU to run more trains, more often and more reliably. Combined with 191 S-Stock trains, which Bombardier has successfully supplied for the Metropolitan line and which are now being introduced on the Hammersmith & City and Circle lines, the upgrade will increase capacity on the Sub-Surface lines - the Circle and Hammersmith & City lines by 65 per cent, the District line by 24 per cent and the Metropolitan line by 27 per cent.

About Bombardier Transportation

Bombardier Transportation, a 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 for operators and passengers. Bombardier Transportation is headquartered in Berlin, Germany, and has a very diverse customer base with products or services in more than 60 countries. It has an installed base of over 100,000 vehicles worldwide.

About Bombardier

Bombardier is the world's only manufacturer of both planes and trains. Looking far ahead while delivering today, Bombardier is evolving mobility worldwide by answering the call for more efficient, sustainable and enjoyable transportation everywhere. Our vehicles, services and, most of all, our employees are what make us a global leader in transportation.

Bombardier is headquartered in Montréal, Canada. Our shares are traded on the Toronto Stock Exchange (BBD) and we are listed on the Dow Jones Sustainability World and North America Indexes. In the fiscal year ended December 31, 2012, we posted revenues of $16.8 billion. News and information are available at bombardier.com or follow us on Twitter @Bombardier.

Note to Editors

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

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