U.K. government picks Bombardier for rail contract worth US$1.6 billion

Bombardier Inc. (TSX:BBD.B) is in line to get a US$1.6-billion contract to supply trains and a depot for London's transportation system.

The British government announced Thursday that it intends to award a billion-pound contract to Bombardier, after a 10-day waiting period.

Under the deal, Bombardier's rail division will supply 65 trains and a maintenance depot for Crossrail.

Bombardier confirmed it has been notified of the Crossrail decision and said its Aventra trains have been designed and developed in the U.K.

The trains will be manufactured and assembled at a Bombardier plant in Derby, England, a long-time centre of rail manufacturing.

Bombardier says it has 1,600 employees doing design, engineering and manufacturing work at its Derby location.

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  1. clint posted on 02/06/2014 10:42 AM
    Oh good....now Bombardier can pay back the millions the have been given....
    and will hire back employees here who got laid off here.
    What do you mean "not gonna happen"
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