Siemens lands $184M rail-car contract
Sacramento Business Journal
Manufacturer Siemens Transportation Systems Inc. has landed its biggest contract ever, to provide 55 light-rail cars to the Denver transit system for $184 million, the company said Monday.
It's the latest in a string of contract wins for the south Sacramento plant, which employs 520 people and began expanding its work force quickly in 2006 to meet the $1 billion worth of orders in the pipeline. That pipeline included a previous $88.4 million order for 34 cars for Denver's Regional Transit District. The job count at the Siemens manufacturing complex has increased 30 percent in the past 18 months.
The new contract will complete Denver's fleet, lock in current prices and provide "a uniform fleet which will result in operational and maintenance savings," said district general manager and chief executive Cal Marsella in a news release.
It's a long-term relationship; Siemens has delivered 95 vehicles to Denver since the early 1990s. Of the most recent previous order for 34 cars, nine have been delivered and seven are already in operation. The delivery of the cars under the new contract is scheduled to begin in 2009 and go through 2012.
The order "demonstrates our commitment to build quality products and deliver them on time to serve the public." said Oliver Hauck, president and CEO of the local Siemens unit, part of the Germany-based Siemens AG industrial conglomerate.
Staff writer Melanie Turner contributed to this report.
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