[newflyer]

Thu, May 17, 2007

New Flyer signs deal for 715 buses


New Flyer Industries has signed a deal to produce up to 715 buses for an American public transit agency in a deal that could be worth as much as US $514 million.

The Winnipeg-based manufacturer was recently awarded a contract for 22 hybrid buses and up to 493 diesel or hybrid buses for King County Metro in Seattle. The contract also includes up to 200 "assignable option" buses.

In 2003, Kind County ordered 213 hybrid buses from New Flyer, the largest-ever order of hybrid buses at the time.

"This is very gratifying for New Flyer," said New Flyer president and CEO John Marinucci in a press release. "It shows tremendous confidence in our innovative hybrid product line."

New Flyer is one of the leading manufacturers of heavy-duty transit buses in North America.