09:53 AM EST - Bombardier Inc. : announces that its Bombardier Transportation subsidiary, along with its joint venture partners in China, signed a contract with Shanghai Rail Transit Line 12 Development Co. Ltd., a subsidiary of Shanghai Shentong Metro Group Co. The contract comprises 246 BOMBARDIER MOVIA metro cars, including spare parts and training for the operator's staff. The total contract, valued at approximately RMB 1.99 billion or $291 million U.S., 203 million Euros, was awarded to Changchun Bombardier Railway Vehicles Company Ltd. together with a consortium for the propulsion system consisting of Bombardier Transportation Sweden and Changzhou Railcar Propulsion Engineering R&D Center. Bombardier's share of the contract amounts to around RMB 941 million or $138 million U.S., 96 million Euros. Bombardier Inc.
shares T.BBD.A are trading even at $4.73.
