Bombardier JV wins US$4.9 billion Los Angeles Airport contract

Bombardier JV wins US$4.9 billion Los Angeles Airport contract

Bombardier Inc and its partners have been awarded a US$4.9 billion contract to build and operate a passenger transit system at the Los Angeles International Airport, the company said on Monday.

A Bombardier logo is pictured during EBACE in Geneva
A Bombardier logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) at Geneva Airport, Switzerland May 28, 2018. REUTERS/Denis Balibouse

REUTERS: Bombardier Inc and its partners have been awarded a US$4.9 billion contract to build and operate a passenger transit system at the Los Angeles International Airport, the company said on Monday.

The Canadian plane and train maker has a 10 percent stake in the venture, which also includes Balfour Beatty, ACS Infrastructure and Fluor Enterprises.

In the overall contract, Bombardier was awarded a US$219 million order to design and build the system, including the supply of 44 of its INNOVIA automated vehicle systems, the company said https://www.bombardier.com/en/media/newsList/details.bt_20180611_bombardier-and-consortium-partners-win-contract-for-.bombardiercom.html.

Bombardier will also be involved in operating and maintaining the system for which a joint venture has been set up. The Canadian company owns a 55 percent share in this venture.

(Reporting by Parikshit Mishra in Bengaluru; Editing by Saumyadeb Chakrabarty)

Source: Reuters

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