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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Bombardier Inc | TSX:BBD.B | Toronto | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.41 | 2.02% | 71.21 | 71.21 | 71.25 | 71.49 | 69.90 | 69.93 | 552,382 | 21:11:01 |
The first rail equipment off the Pittsburg assembly line will be the “Fleet of the Future” rail cars from Bombardier’s 775-car contract with BART. This work, which is currently taking place at the Bombardier site in upstate New York, will be transferred to its new “sister site” in California over the coming months. The move will serve several purposes including retaining and creating local jobs in Pittsburg and freeing up space at the New York site for new and upcoming East Coast orders.
“We are pleased that the new rail cars for Bay Area passengers will now be produced in the Bay Area by Bay Area citizens,” said Sander. “The Pittsburg site will also enable Bombardier to pursue additional business opportunities in the growing rail transit equipment market on the West Coast and to serve this market with increased effectiveness. We’d like to thank the Governor’s Office of Business and Economic Development for its support, which includes the award of a California Competes Tax Credit,” he added.
“The Fleet of the Future cars have received rave reviews from our riders and we are thrilled to welcome Bombardier to the Bay Area,” said BART General Manager Grace Crunican.
Other speakers at the event included U.S. Congressman Mark DeSaulnier, California Assemblymember Jim Frazier, California Assemblymember Tim Grayson, Contra Costa County Supervisor Federal Glover, Pittsburg Mayor Juan Banales and BART Director Mark Foley.
Bombardier has been a U.S. manufacturer for nearly 40 years. The new site further strengthens its U.S. presence and commitment to the U.S. market, and will help Bombardier continue to meet Buy America requirements.
Bombardier currently has nearly 500 employees in California who are receiving and commissioning new rail cars for BART; operating and maintaining the AirTrain system at San Francisco International Airport; maintaining the commuter rail car fleet for the Metrolink service at the Southern California Regional Rail Authority; and operating and maintaining the Coaster and Sprinter rail services for the North County Transit District. Bombardier is also in the early stages of bringing a new automated people mover system to Los Angeles International Airport.
About Bombardier Transportation Bombardier Transportation is a global mobility solution provider leading the way with the rail industry’s broadest portfolio. It covers the full spectrum of solutions, ranging from trains to sub-systems and signalling to complete turnkey transport systems, e-mobility technology and data-driven maintenance services. Combining technology and performance with empathy, Bombardier Transportation continuously breaks new ground in sustainable mobility by providing integrated solutions that create substantial benefits for operators, passengers and the environment. Headquartered in Berlin, Germany, Bombardier Transportation employs around 40,650 people and its products and services operate in over 60 countries.
About Bombardier With over 68,000 employees, Bombardier is a global leader in the transportation industry, creating innovative and game-changing planes and trains. Our products and services provide world-class transportation experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.
Headquartered in Montreal, Canada, Bombardier has production and engineering sites in 28 countries as well as a broad portfolio of products and services for the business aviation, commercial aviation and rail transportation markets. Bombardier shares are traded on the Toronto Stock Exchange (BBD). In the fiscal year ended December 31, 2018, Bombardier posted revenues of $16.2 billion US. The company is recognized on the 2019 Global 100 Most Sustainable Corporations in the World Index. News and information are available at bombardier.com or follow us on Twitter @Bombardier.
Notes to editors For news, related material and photos, visit our newsroom at www.rail.bombardier.com/en/newsroom.html. Please subscribe to our RSS Feed to receive press releases or follow Bombardier Transportation on Twitter @BombardierRail.
Bombardier is a trademark of Bombardier Inc. or its subsidiaries.
For information
Media relations, United StatesMaryanne Roberts+1 450-441-3007maryanne.roberts@rail.bombardier.com | Global media relations+49 174 926 2017press@rail.bombardier.com |
You can also contact one of our worldwide contacts for specific press inquiries.
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