NEW Flyer Industries has a new order from the San Diego Metropolitan Transit System for up to 165 Xcelsior compressed natural gas (CNG) articulated 18-metre heavy-duty buses.
The contract contains a firm order of 47, 18-metre articulated buses (or 94 equivalent units), with options for up to an additional 118, 18-metre buses (236 EUs).
Production on the 47 CNG buses will likely begin in the second quarter of 2013 and will be completely manufactured and assembled at New Flyer's St. Cloud, Minn., manufacturing facility. All buses are expected to be delivered in the fourth quarter of 2013.
This order was part of a group of firm and option orders for 509 EUs New Flyer received just prior to the end of 2012 and was included in its year-end total backlog of 6,325 EUs.
The Winnipeg bus maker is also waiting for approval of another potential large sale in California. The full board of directors of Los Angeles' Metro is expected to decide later this month on a major purchase from New Flyer for Los Angeles -- a firm order for 550 12-metre CNG Xcelsior buses as well as another 350 options to Metro.
New Flyer shares closed up 12 cents to hit a new 52-week high of $9.10 on Wednesday.