Bombardier Wins Order to Supply 35 TALENT 2 Trains

Rail technology leader Bombardier Transportation announced today that it will supply 35 BOMBARDIERTALENT 2 electric multiple units and a strategic spare part package to Abellio Rail NRW GmbH. The trains will operate on the Saale-Thuringia-South Harz network in Germany. The order is valued at approximately 172 million euro ($ 226 million US).

Bombardier will supply 20 three-car and 15 five-car TALENT 2 trains. The vehicles are due to enter service in December 2015.

Published: 31 December 2012
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Berkshire Hathaway Inc. to Acquire Burlington Northern Santa Fe Corporation (BNSF) for $100 Per Share in Cash and Stock

BNSF will continue to operate from its Fort Worth, TX headquarters and will become a wholly owned subsidiary of Berkshire Hathaway

The boards of directors of Berkshire Hathaway Inc. (NYSE: BRK.A; BRK.B) and Burlington Northern Santa Fe Corporation (BNSF; NYSE: BNI) today announced a definitive agreement for Berkshire Hathaway to acquire for $100 per share in cash and stock the remaining 77.4 percent of outstanding BNI shares not currently owned to increase its holdings to 100 percent. Based on the number of outstanding BNI shares (including shares currently owned by Berkshire) on Nov. 2, 2009, the transaction is valued at approximately $44 billion, including $10 billion of outstanding BNSF debt, making it the largest acquisition in Berkshire Hathaway history.

Published: 03 November 2009
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Bombardier Sifang Wins Contract to Build 80 Very High Speed Trains for China

Leading-edge BOMBARDIER ZEFIRO technology to feature maximum operating speeds of 380 kph

Bombardier Transportation announced today that its Chinese joint venture, Bombardier Sifang (Qingdao) Transportation Ltd., has been selected by the Chinese Ministry of Railways (MOR) to supply 80 ZEFIRO 380 very high speed trains (1,120 cars) for the country's rapidly growing high speed rail network. The contract, including 20 eight-car trainsets and 60 sixteen-car trainsets, is valued at an estimated 27.4 billion Chinese Renminbis ($4 billion US, 2.7 billion euros).(1) Bombardier's share of the contract is estimated at 13.5 billion Chinese Renminbis, ($2 billion US, 1.3 billion euros).(1) The first train is scheduled for delivery in 2012 with final deliveries expected in 2014.

Published: 28 September 2009
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FreightCar America, Inc. Confirms Strong Second Quarter 2009 Results

FreightCar America, Inc. (NASDAQ: RAIL) today reported net income of $7.0 million, or $0.59 per diluted share, for the three months ended June 30, 2009 on revenues of $104.3 million. For the second quarter of 2008, the Company generated sales of $141.3 million and a net loss of $0.4 million, or $0.03 per diluted share. These 2009 results are consistent with the preliminary second quarter financial metrics that the Company announced on July 28, 2009.

The Company recently announced that it had identified historical accounting errors in accounts payable that resulted in the understatement of its cumulative net earnings since the fourth quarter of 2007. As a result of the nature and timing of the review of these errors and their impact on the Company’s consolidated financial statements, FreightCar America was unable to file its quarterly report on Form 10-Q for the quarter ended June 30, 2009 on time.

Published: 22 September 2009
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Bombardier Receives Order for 30 Dual-system FLEXITY Swift Tram-trains for German City of Karlsruhe

The Albtal-Verkehrs-Gesellschaft mbH (AVG) and the Verkehrsbetriebe Karlsruhe GmbH (VBK) have ordered 30 dual-system tram-trains from Bombardier. These ultra-modern and comfortable vehicles valued at about 129 million euros ($190 million US), will be delivered between August 2011 and September 2013. An option for up to another 45 vehicles has also been agreed.

The new tram-trains will be manufactured in the Bombardier sites Bautzen, Germany and Vienna, Austria. The BOMBARDIER MITRAC propulsion and control system will be provided by Bombardier Mannheim and BOMBARDIER FLEXX Urban 2500 bogies by Bombardier Siegen, both sites located in Germany.

Published: 18 September 2009
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