Bombardier wins new work in Spain

|About: Bombardier Inc.B (BDRBF)|By:, SA News Editor

Bombardier (BDRBF, BOMBF) shares are up more than 3% after the company is selected to become a partner in a major consortium that was awarded a contract valued at ~€339M ($459M) for the upgrade of the High Speed North-North West Corridor rail signalling in Spain.

Bombardier, whose share is valued at ~€144M ($195M), will implement its radio-based INTERFLO 450 ERTMS (European Rail Traffic Management System) Level 2 system for the Venta de Banos-Burgos section.