Bombardier eyes higher sales from retrofitting trains

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Canada's Bombardier Inc sees higher sales from modernizing existing rail cars as the company works to further diversify its largest division as ...

MONTREAL: Canada's Bombardier Inc sees higher sales from modernizing existing rail cars as the company works to further diversify its largest division as measured in revenue, a spokesman said this month.

As it pursues retrofitting contracts, Bombardier is eying a possible plan by the largest U.S. rapid transit system to modernize around 1,000 subway cars made by the company in the late 1990s and early 2000s, according to two sources familiar with the matter. A spokesman for New York's Metropolitan Transportation Authority , which oversees NYC Transit, did not respond to requests for comment.

Modernizing, however, brings challenges for agencies because it takes vehicles out of service to be retrofitted. Such a move risks creating gridlock in New York City which"is already busting at the seams," said one of the sources.

 

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