BDRBF - Bombardier signs three-year services contract extension in the U.K.

Bombardier ([[BDRAF]], [[BDRBF]]) has signed a three-year extension to its Train Services Agreement with Arriva CrossCountry, with the option of a further extension of up to one year.Under the new agreement, which lasts from today until October 14, 2023, Bombardier will continue to maintain, overhaul, service and clean a fleet of 34 class 220 Voyagers and 24 class 221 Super Voyagers, owned by Beacon Rail at Bombardier’s Central Rivers depot in Staffordshire and at outstations across the CrossCountry network which stretches from Aberdeen in Scotland to Penzance in Cornwall, UK.The three-year contract extension is valued at £248 million ($320 million US, €273 million euro).Bank On Insight explores "whether there is value in Bombardier's preferred shares" in a recent SA article.

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Bombardier signs three-year services contract extension in the U.K.