- Hitachi Rail (OTCPK:HTHIY) and Bombardier Transportation ((OTCQX:BDRAF -1.1%), (OTCQX:BDRBF +0.6%)), in a partnership expected to involve company participation of 60% and 40% respectively, will supply 14 Frecciarossa 1000 very high-speed trains to Trenitalia, as well as a ten years maintenance service agreement for the new trains.
- The overall value of the contract is around €575M, with the Bombardier share valued at €233M and the Hitachi share valued at €342M.