Bombardier Transportation obtained a $143.7 million contract from the London Underground to supply new motors and traction control equipment for the subway's fleet of Central line trains. The contract requires Bombardier to provide ongoing maintenance support until 2024. Bombardier's re-traction project is part of the London Underground's larger Central line improvement program, which calls for a number of enhancements to reduce failures on the route. For the program, Bombardier is replacing direct current traction motors on Central line trains with the latest MITRAC alternating current traction systems and traction control equipment, company officials said in a press release. In total, Bombardier will supply new motors and traction control for 85 eight-car Central line trains.
L.B. Foster Co. has appointed James Maloney senior vice president, chief financial officer and treasurer. He'll join the company on Sept. 18. Based in L.B. Foster's office in Pittsburgh, Maloney will oversee global finances and accounting, as well as investor relations. He previously served as CFO at First Insight Inc., a company providing consumer data to global retailers and brands. Before that, Maloney was vice president-global financial planning and supply chain finance at H.J. Heinz Co., where he managed strategic and annual operating plans.
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