Despite the recession, Bombardier Transportation, Inc. is in a steep growth mode. Bombardier has local operations located along Lebanon Church Road in West Mifflin, that concentrate on rail transportation, selling and shipping automated people mover "cars" worldwide. Its revenues for the fiscal year ended Jan. 31, totaled $9.8 billion,
up 25 percent from the previous year. Earnings before interest and
taxes hit $515 million, compared to $177 million for the previous year.
The unit's order backlog stood at $24.7 billion at Jan. 31. Congress' approval of $13.1 billion in passenger rail spending over the next five years could mean even more work for Bombardier.
Go
here to read the complete article.
To receive Pop City weekly, click here.