Ps1 Jan 2015 12:15
I think the framework agreement has been severely overlooked.
Siemens have so much going on at the moment and are obviously streamlining their business model.
If it is better for their bottom line to sub contract certain aspects of their rolling stock it can only be good for companies like peg.
"""""""The Agreement is for an initial five year term renewable annually thereafter and covers the world-wide Siemens business whose portfolio comprises the entire Siemens rail vehicle business ranging from locomotives, commuter, regional, intercity and high-speed trains, metros, light rail vehicles and automated people movers to passenger coaches for inter-city rail service and electric bus systems for cities as well as related services and maintenance.
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