Bombardier receives additional locomotive order from Akiem

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

Bombardier ((OTCQX:BDRBF +0.4%), (OTC:BOMBF)) and leasing company Akiem have signed on a deal for the delivery of 10 TRAXX DC locomotives, with an option of up to 10 additional trains. The new order will expand Akiem’s TRAXX fleet of 15 locomotives that were ordered in 2013.

The firm order is valued at approximately $44M; Total potential contract value if the option is exercised is valued at $86M.

Delivery is scheduled between Q3 of 2015 and Q1 of 2016.