New Flyer Industries has a new order from the San Diego Metropolitan Transit System for up to 165 Xcelsior compressed natural gas (CNG) articulated 60-foot heavy-duty buses.
The contract contains a firm order of 47, 60-foot articulated buses (or 94 equivalent units) with options for up to an additional 118 60-foot buses (236 EUs).
Production on the 47 CNG buses will likely begin in the second quarter of 2013, and the buses 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 to LA Metro. A board decision is expected later this month on a firm order for 550 40’ CNG Xcelsior buses as well as another 350 options top LA Metro.
New Flyer shares were up four cents this morning to hit a 52-week high of $9.00.