Bombardier Transportation: Bombardier Secures M...

Bombardier Transportation / Bombardier Transportation: Bombardier Secures Major Contract Extension to Maintain Trains for London Overground . Processed and transmitted by Nasdaq Corporate Solutions. The issuer is solely responsible for the content of this announcement.

- Existing contract to maintain ELECTROSTAR vehicles extended for an additional seven years

- Endorsement of Bombardier's high-quality fleet maintenance services

BERLIN, GERMANY--(Marketwired - Mar 14, 2018) - Note to editors: To view the photos associated with this press release, please visit the following link:

BOMBARDIER ELECTROSTAR trains at New Cross Gate Depot

BOMBARDIER ELECTROSTAR train at Gunnersbury station, West London

Rail technology leader Bombardier Transportation has been awarded a major contract extension by Transport for London (TfL) to service trains operating on the London Overground network. The contract extension is a variation to an existing Train Services Agreement, which extends the current contract end from December 2023 to May 2030 for maintenance and support services for the BOMBARDIER ELECTROSTAR Class 378 fleet in operation on the London Overground network.

This contract, originally signed in 2006 will now continue until 2030, removing a previous contract break in 2023. This contract change is valued at approximately GBP 106 million GBP ($149 million US, 120 million euro).

Richard Hunter, UK Managing Director of Bombardier Transportation commented, "This contract change demonstrates TfL's continued confidence in Bombardier's delivery of high quality fleet maintenance services. We were able to show improved value for money, and through collaborative work with the customer, reduced service locations and extended maintenance intervals."

Jonathan Fox, TfL's Director of Rail and Sponsored Services, commented, "Having a reliable train fleet is vital to delivering the first class service we strive for on the London Overground and we are pleased to continue working with Bombardier Transportation on the maintenance of the Class 378 trains operating across our network."

Under the Train Services Agreement, maintenance will take place at 4 separate locations in and around London including New Cross Gate depot in south east London, and Willesden Train Care Depot in north London Bombardier's services teams keep Britain moving on some of the busiest and most complex networks in the world, with operations at 19 maintenance depots across the country.

About Bombardier Transportation

Bombardier Transportation is a global leader in rail technology and offers the broadest portfolio in the industry. It covers the full spectrum of rail solutions, ranging from trains to sub-systems and signalling. The company also provides complete transport systems, e-mobility technology and maintenance services. As an innovation driver, Bombardier Transportation continuously breaks new ground in sustainable mobility. It provides integrated solutions that create substantial benefits for operators, passengers and the environment. Headquartered in Berlin, Germany, Bombardier Transportation employs around 39,850 people and its products and services operate in over 60 countries.

About Bombardier

With over 69,500 employees across four business segments, 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 across the segments of Transportation, Business Aircraft, Commercial Aircraft and Aerostructures and Engineering Services. Bombardier shares are traded on the Toronto Stock Exchange (BBD). In the fiscal year ended December 31, 2017, Bombardier posted revenues of $16.2 billion US. News and information are available at bombardier.com or follow us on Twitter @Bombardier.

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Contact Information

Contacts:
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Director PR & Public Affairs UK
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Group Media Relations
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Source: Bombardier Transportation via Globenewswire