(Reuters) - Bombardier Inc (TO:BBDb) 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 https://www.bombardier.com/en/media/newsList/details.bt_20180611_bombardier-and-consortium-partners-win-contract-for-.bombardiercom.html.
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.