Bombardier Receives $47-Million Order for the Delivery of Double-Deck Trains to Israel

    MONTREAL--Oct. 28, 2002--Bombardier Transportation (TSX:BBD.A.) (TSX:BBD.B.) has received an order from the Ports and Railways Authority-Israel Railways (Tel Aviv) to deliver another six 4-car double-deck trains, each consisting of one power car and three trailer cars. The contract is valued at approximately $47 million Cdn (31 million Euros). The air-conditioned trains, which are scheduled to be delivered between May and July 2004, will be put in service in the Tel Aviv area as part of the project "Railway 2000".
    The current order, which is a follow-on order to a contract signed in August 1999, brings to 23 the number of double-deck trains ordered by the Israel Railways. To date, fourteen of these trains have been delivered to the customer.
    Juergen Fleischer, President Regional & Commuter, Bombardier Transportation, said: "We are glad to have the opportunity to continue our close co-operation with the Israel Railways, and to further contribute to the successful growth of the railways in Israel."
    The new trains will be manufactured and assembled at Bombardier Transportation's site in Gorlitz, Germany. In Israel, Bombardier is cooperating closely with local subcontractors.
    Bombardier Transportation is the global leader in the rail equipment manufacturing and servicing industry. Its wide range of products includes passenger rail cars and complete rail transportation systems. It also manufactures locomotives, freight cars, propulsion & controls and provides rail control systems.
    Bombardier Inc., a diversified manufacturing and services company, is a world leading manufacturer of business jets, regional aircraft, rail transportation equipment and motorized recreational products. It also provides financial services and asset management in business areas aligned with its core expertise. Headquartered in Montreal, Canada, the Corporation has a workforce of some 80,000 people in 24 countries throughout the Americas, Europe and Asia-Pacific. Its revenues for the fiscal year ended Jan. 31, 2002 stood at $21.6 billion Cdn. Bombardier trades on the Toronto, Brussels and Frankfurt stock exchanges (BBD, BOM and BBDd.F).
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