MONTREAL (AP) — Bombardier Transportation said Monday it has won a 60-locomotive contract from European leasing company Angel Trains worth about US$316 million (euro224 million).
The order is for 60 Traxx locomotives plus options. The electric locomotives will run in cross-border traffic on different European routes, including new corridors between Austria and Hungary as well as between Sweden and Norway.
Final production of the multi-system and AC locomotives will take place in Bombardier's Kassel, Germany, plant with the DC locomotives being assembled in the Italian plant at Vado Ligure. Body shells will be produced at Bombardier's Wroclaw site in Poland.
''This significant new order will enable us to support the development of some core clients to whom we already lease diesel and electric traction and to extend our geographic reach into new territories or operators,'' Tim Jackson, the International Director of Angel Trains said in a statement.
London-based Angel Trains is one of Europe's leading train leasing companies and is a wholly-owned subsidiary of The Royal Bank of Scotland Group.
Montreal-based Bombardier Inc. is a manufacturer of regional jets and train cars. Shares in parent firm Bombardier Inc. were up eight cents at $5.88 Canadian (US$5.87) in morning trading on the Toronto Stock Exchange.