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Bombardier wins $26M order from GO Transit

MONTREAL (CP) — Bombardier Inc. has won a $26-million contract to provide 10 more bi-level commuter cars for the Greater Toronto Transit Authority (GO Transit), Bombardier said today.

The order will add to GO Transit’s existing fleet of 372 Bombardier-built railcars, all built at its facility in Thunder Bay, Ont.

Last month the New Mexico transportation department announced an order for 10 of the bi-level cars, and the company is currently building 22 cars ordered in September 2003 by Montreal’s regional transport authority.

Bombardier Transportation said last week it would cut another 2,200 jobs, including 150 at the Thunder Bay plant, on top of 6,000 job cuts announced last spring for the transport division, mostly in Europe.

Bombardier also said Tuesday it has received permission to delist its shares from the Frankfurt and Euronext Brussels stock exchanges, due to very low trading volumes in its stock.

The effective date of delisting is Dec. 31 for Brussels and next March 7 for Frankfurt.

The class B shares (TSX: BBD) will continue to be traded on the Toronto Stock Exchange, where they were off seven cents Tuesday at $2.70.

Besides rail equipment, Bombardier is also a major aircraft manufacturer.