Bombardier Eyes Higher Sales From Retrofitting Trains
April 23, 2019 - by Allison Lampert for reuters.com
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.
Bombardier projects that a quarter of its transportation division's expected 2020 revenue of $10 billion will come from rail services, up from 18 percent in 2014, according to a company investor presentation. Rail services include retrofitting, operations and maintenance.
The Montreal-based company is counting on its transportation and corporate jet divisions for growth as it sheds its money-losing commercial aviation businesses. It closed a deal last summer to cede a controlling stake in its largest narrowbody program to Europe's Airbus SE.