By Frederic Tomesco and Oliver Sachgau, Bloomberg; December 12, 2018
Bombardier Inc. got a split decision in its accelerated push for rail contracts, scoring a victory in New Jersey and a home-turf loss the company called “astonishing.”
The Montreal-based manufacturer won a $669.1 million deal Wednesday to supply rail cars for New Jersey Transit, a project with the potential to balloon to $3.6 billion based on options for additional equipment. That took some of the sting out of losing a $1 billion pact to provide locomotives and passenger cars to Canada’s Via Rail, which awarded the business to Siemens AG.
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