12:05 PM EST - Bombardier Inc. : Revealed that its Bombardier Sifang (Qingdao) Transportation Ltd. (BST) joint venture announced today that it has won a second contract this year to support China’s evolving high-speed rail network. The new contract, awarded by China Railway Corp., is to supply 168 CR400AF new Chinese standard high-speed train cars and is valued at approximately 3.1 billion CNY ($453 million U.S., 399 million euro). Bombardier Transportation owns 50% of the shares in BST, which is consolidated by Bombardier Transportation’s partner CRRC Sifang Co., Ltd. The 168 cars will be configured into 15 eight-car trainsets and three 16-car trainsets with an operating speed of 350 km/h. Bombardier Inc.
shares T.BBD.A are trading down $0.09 at $2.21.
