Bombardier Inc's Bombardier Transportation Secures Order

Tuesday, 18 Jun 2013 06:15am EDT 

Bombardier Inc announced that Bombardier Transportation and Deutsche Bahn AG (DB) have signed a frame contract for the delivery of electric locomotives. The total potential contract value is up to EUR1.5 billion (USD2 billion) and includes options for the call-off of up to 450 locomotives by the year 2020. The first call-off of 110 locomotives for DB Schenker Rail and 20 for DB Regio was exercised on June 17, 2013. Based on the list price, the value of 130 locomotives would be 430 million euro (USD573 million ). The frame agreement allows for numerous variations and technical options.