Investing.com - Financial Markets Worldwide
📈 69% of S&P 500 stocks beating the index - a historic record! Pick the best ones with AI.See top stocks

Thales wins one bln euro contract to upgrade London underground lines

Published 2015-08-03, 04:18 a/m
© Reuters. Thales wins one bln euro contract to upgrade London underground lines
TCFP
-
BBDb
-

PARIS, Aug 3 (Reuters) - French transport and defence group
Thales TCFP.PA has won a contract worth one billion euros to
upgrade four London Underground lines, including the oldest part
of the network.
Under the 760 million pound ($1.19 billion) contract, Thales
will modernise signalling and train control systems on the
Circle, District Metropolitan and Hammersmith & City lines,
which make up 40 percent of the network.
Upgrading the old equipment should allow the lines to handle
on average a third more traffic, Thales said in a statement.
Canada's Bombardier BBDb.TO was originally awarded the
contract to upgrade the lines in 2011, but the contract was
terminated in 2013 following overruns and delays.
($1 = 0.6400 pounds)

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.