Bombardier Sees Rail Project Issues Solved by the End of 2020
- CEO: Fixes are in place for deals that ‘need some attention’
- Deliveries to U.K., New York City to be completed this year
An employee works on a subway carriage at Bombardier’s factory in Derby, U.K.
Photographer: Chris Ratcliffe/Bloomberg
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Bombardier Inc. expects to complete at least three of its most delayed rail contracts this year, with deliveries to two more European customers extending into 2020.
North America’s biggest maker of rail equipment has put in place fixes for five troubled projects that “still need some attention,” Chief Executive Officer Alain Bellemare said Thursday. Rolling-stock deliveries to New York City’s Metropolitan Transportation Authority, London Overground and Crossrail of the U.K. will be fully completed this year, while shipments to Swiss train operator SBB and Germany’s Deutsche Bahn will run through 2020.