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Bombardier Inc. T.BBD.A

Alternate Symbol(s):  BDRXF | BDRAF | BDRBF | T.BBD.B | T.BBD.PR.B | T.BBD.PR.C | T.BBD.PR.D | BDRPF | BOMBF

Bombardier Inc. is a Canada-based manufacturer of business aircraft with a global network of service centers. The Company is focused on designing, manufacturing and servicing business jets. The Company has a worldwide fleet of more than 5,000 aircraft in service with a variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. It operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. Its robust customer support network services the Learjet, Challenger and Global families of aircraft, and includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Austria, the United Arab Emirates, Singapore, China and Australia. The Company's jets include Challenger 350, Challenger 3500, Challenger 650, Global 5500, Global 6500, Global 7500 and Global 8000.


TSX:BBD.A - Post by User

Bullboard Posts
Post by bestioleon Dec 04, 2009 5:50pm
450 Views
Post# 16556198

U.S. sees investment interest in high-speed rail

U.S. sees investment interest in high-speed rail

WASHINGTON (Reuters) - More than 30 manufacturers and suppliers have committed to expanding or establishing operations in the United States if they are selected to help build high-speed passenger rail lines, the Obama administration said.

U.S.

Transportation Secretary Ray LaHood also said ahead of a rail forum on Friday that joint ventures involving foreign firms could be part of the equation for introducing high-speed technology to states moving ahead with ambitious projects.

"Our goal is to develop a national high-speed rail network," LaHood said in a statement before meeting with more than 100 business leaders, labor groups and rail experts.

U.S. long-haul passenger rail is limited to Amtrak, a federally subsidized railroad corporation created from the remnants of private passenger service nearly four decades ago.

High-speed rail in the United States has been mainly a dream of enthusiasts due to expense and a lack of political and public will. But President Barack Obama is tapping into growing public sentiment for greater daily and longer-haul transportation efficiency.

Consumers are seeking options to congested highways and flight delays. States are also hungry for large-scale projects that will create jobs and boost economic prospects. Experts say developing high-speed lines will take years and cost tens of billions of dollars at least.

The administration currently is devoting up to $9 billion mainly from economic stimulus funds to lay the groundwork for rail projects in several states. Completing high-speed lines will require a mix of federal, state and private investment, experts have said.

So far, the administration has received dozens of proposals for rail grants, and awards are expected early next year. California, Nevada, Florida and Illinois all have plans for high-speed systems in the works.

Transportation officials say companies with potential commitments on the table include: General Electric Co's transportation unit; Canada's Bombardier Inc; French consortium Alstom; Germany's Siemens; Lockheed Martin Corp; Korea's Hyundai Rotem Co, Hyundai Motor Group's heavy industry unit, and Japan's Nippon Sharyo.

Freight rails, which own much of the infrastructure outside of the Northeast, could also factor into high-speed development.

(Reporting by John Crawley; editing by Carol Bishopric)

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