MONTREAL — Bombardier Inc. will announce tomorrow a 500-train order from France’s state-owned railway operator that an analyst said is worth about $1-billion, according to a wire service.
Executives from Bombardier and Société Nationale des Chemins de Fers Français (SNCF) are to sign the deal tomorrow in Paris, said Bombardier spokeswoman Dominique Dionne.
Taking into account its purchase of the Adtranz rail unit of Germany’s DaimlerChrysler AG’s this year, Montreal-based Bombardier reported train business revenue of $1.7-billion in the quarter ended Oct. 31. That’s about one-third of its overall sales. Bombardier has long depended on its passenger-plane business for more than half of profit.