Sector Update: Industrials; Bombardier Wins New Work in Spain

By
A A A

Industrial shares were mostly advancing in afternoon trading, and the S&P/TSX Industrials index was up 0.9%.

Bombardier (BBD-B.TO): +2.2%

Air Canada (AC-B.TO): +0.4%

Canadian Pacific Railway (CP.TO): +1.9%

WestJet (WJA.TO): -1.0%

Ritchie Bros. (RBA.TO): +0.04%

In corporate news, Bombardier Friday said it has been selected to become a partner in a major consortium that was awarded a contract valued at approximately 339 million euros (US$459 million) for the upgrade of the High Speed North-North West Corridor rail signalling in Spain.

The project which includes the lines Valladolid - Leon and Venta de Banos - Burgos is being delivered by a consortium led by Alstom that includes Bombardier and Indra.

Bombardier's share is valued at approximately 144 million euros (US$195 million). It will implement its radio-based INTERFLO 450 ERTMS (European Rail Traffic Management System) Level 2 system for the Venta de Banos - Burgos section.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks:

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stocks

Referenced

Most Active by Volume

270,887,127
    $93.89 unch
225,243,115
  • $40.93 ▼ 2.74%
135,900,109
  • $47.52 ▲ 1.80%
89,467,924
  • $5.35 ▼ 1.11%
85,105,358
  • $16.95 ▼ 0.53%
80,748,539
  • $39.80 ▼ 4.21%
68,491,586
  • $3.57 ▼ 1.79%
62,097,356
  • $100.96 ▼ 0.82%
As of 9/19/2014, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com