New Flyer receives $472M in bus orders

New Flyer Industries Inc. announced on Tuesday that the total order activity during the second quarter of 2009 totaled 1,002 buses (1,194 equivalent production units or “EUs”) for a total of $472 million. Of these orders, 627 buses (752 EUs) are new orders and 375 buses (442 EUs) are exercised options.

These orders are from both current and new customers and for a variety of vehicle configurations and propulsion systems, including 35-, 40- and 60-foot buses with clean diesel, diesel-electric hybrid, compressed natural gas (CNG) propulsion systems and liquefied natural gas (LNG). Approximately 38 percent of the EUs representing these orders (or 450 EUs) are clean propulsion (i.e., hybrid or natural gas) vehicles, which is a growing segment of New Flyer’s

annual production.

The largest of these orders is from the Milwaukee County Transit System. The system has ordered 180 40-foot diesel buses with firm and option quantities to be determined.