Bom­bardier awards IBM US$700m IT deal

New Straits Times - - Business -

DAL­LAS: Bom­bardier Inc awarded In­ter­na­tional Busi­ness Ma­chines Corp (IBM) a US$700 mil­lion (RM3.02 bil­lion) con­tract to find cost sav­ings and im­prove in­for­ma­tion­tech­nol­ogy op­er­a­tions in the firm’s rail and aero­space busi­nesses. The six-year pact spans 47 coun­tries and will “gen­er­ate re­cur­ring sav­ings”, said Bom­bardier. Chief ex­ec­u­tive of­fi­cer Alain Belle­mare is push­ing to re­duce ex­penses as he pur­sues a turn­around plan af­ter Bom­bardier’s C Se­ries jet­liner en­tered ser­vice more than two years late and US$2 bil­lion over bud­get.

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