MONTRÉAL, QUÉBEC - Rail technology leader Bombardier Transportation confirms that it has not been selected as preferred bidder for the provision of rolling stock, systems, operation and maintenance services (RSSOM Contract) for Montréal's Réseau électrique métropolitain (REM) project. 

"We understand and share the disappointment our employees have about this announcement. Bombardier has been providing innovative transportation solutions in Québec and elsewhere in Canada for close to 45 years. As world leader in the supply of automated transportation systems and services, and operation of public transit fleets, we believe that the offer we submitted was both very competitive and ideally suited to meet the sustainable mobility needs of the greater Montréal area", said Benoît Brossoit, President, Bombardier Transportation, Americas Region.

Bombardier Transportation is a leading mobility solutions provider, with annual revenues for 2017 expected to be around $8.5 billion and a backlog of $33.0 billion as of September 30, 2017. Bombardier's full-scope product and services portfolio offers the industry's most competitive total cost of ownership to the largest customer base in the world. Bombardier Transportation won several major contracts in 2017, confirming its leading position within the global rail industry and its clear path to grow into a $10 billion business in 2020.(1)

In accordance with the rules governing the procurement process, Bombardier Transportation will not be making further comments at this stage.