Bombardier Receives Orders Valued at $425 Million US from Metro-North Railroad and Long Island Rail Road for Additional M-7 Electric Multiple Units

Bombardier Transportation announced today that the Metropolitan Transportation Authority/Metro-North Railroad (MTA/MNR) and the Metropolitan Transportation Authority/ Lond Island Rail Road (MTA/LIRR) have exercised options for additional M-7 electric multiple unit (EMU) commuter rail cars under an existing contract. MTA/MNR’s new order consists of 36 options valued at approximately $80 million US, while MTA/LIRR’s order consists of 158 options valued at approximately $345 million US, for a total value of approximately $425 million US.

With these options, Bombardier now has firm orders for 1,172 M-7 cars from the MTA’s two commuter railroads – 336 from MTA/MNR and 836 from MTA/LIRR. This includes a base order of 192 cars (from MTA/LIRR) and 980 option cars (from both MTA/LIRR and MTA/MNR). Total value of the firm orders received to date is approximately $2.5 billion US. Should all remaining options be exercised, the entire contract would total 1,266 cars and be valued at $2.7 billion US.

To date, Bombardier has delivered more than 630 M-7 EMUs to the two commuter railroads. William Spurr, President, Bombardier Transportation, North America, said: “This new order underscores Bombardier’s excellent relationship with its customers as well as its continuing ability to deliver on large contracts with consistency and quality. We are pleased to be supplying the most advanced EMU on the rails today in North America.” He added: “This continues our track record of delivering important rail transportation products into the New York region and elsewhere on the continent.”

MTA/LIRR’s M-7 fleet is maintaining a twelve-month average for Mean Distance Between Failures (MDBF) performance of approximately 234,000 miles (377,000 km), while MTA/MNR’s M-7 fleet maintained a MDBF performance of approximately 212,000 miles (342,000 km) in June 2005– well beyond the contract requirement of 100,000 miles (160, 000 km). Mean Distance Between Failures is a measure commonly used within the industry to assess overall reliability of railcars.

The new M-7 cars are replacing electric railcars that are approaching 40-years old. The M-7s feature state-of-the-art rail transportation technology, including IGBT propulsion, energy efficient dynamic braking and on-board monitoring and diagnostic systems.

Stainless steel carbodies for the M-7 cars are constructed at Bombardier’s manufacturing site in La Pocatière, Québec with final assembly and manufacturing taking place at facilities in Plattsburgh, New York. Sub-assembly and manufacturing processes for components, such as bogie frames, are carried out at Bombardier’s facility in Auburn, New York.

Recent deliveries of Bombardier products into the New York region include the AirTrain JFK automated transit system at JFK International Airport, New Jersey Transit’s RiverLINE light rail transit system operated in southern New Jersey, and 1,030 R142 rapid-transit cars for the subway system operated by MTA/New York City Transit. Bombardier is also building 100 stainless-steel commuter coaches for New Jersey Transit that will carry commuters between New Jersey and the heart of Manhattan.

About Bombardier
A world-leading manufacturer of innovative transportation solutions, from regional aircraft and business jets to rail transportation equipment, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2005 were $15.8 billion US and its shares are traded on the Toronto astock exchanges (BBD). News and information are available at www.bombardier.com.

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