June 11, 2018 / 10:52 AM / 2 months ago

Bombardier JV wins $4.9 bln Los Angeles Airport contract

June 11 (Reuters) - Bombardier Inc and its partners have been awarded a $4.9 billion contract to build and operate a passenger transit system at the Los Angeles International Airport, the company said on Monday.

The Canadian plane and train maker has a 10 percent stake in the venture, which also includes Balfour Beatty, ACS Infrastructure and Fluor Enterprises.

In the overall contract, Bombardier was awarded a $219 million order to design and build the system, including the supply of 44 of its INNOVIA automated vehicle systems, the company said here

Bombardier will also be involved in operating and maintaining the system for which a joint venture has been set up. The Canadian company owns a 55 percent share in this venture. (Reporting by Parikshit Mishra in Bengaluru Editing by Saumyadeb Chakrabarty)

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