Workers at the Bombardier plant in Derby have spoken of their relief and delight at today's announcement the firm has been awarded a lucrative £1 billion government contract.
The company warded off competition from overseas to seal the deal to supply 65 trains to the Crossrail project in London.
Manufacturing work on the company's existing contract to supply Tube trains was continuing this morning at the plant in Old Oak Common.
The new deal has secured the future of around 760 jobs, and means the creation of 244 new positions at the site.
Union bosses have welcomed today's announcement that a £1 billion supply contract for London's new Crossrail line will go to Derby-based Bombardier.
The deal will seal the future of more than 1,000 hundreds of jobs and apprenticeships, including 244 new positions.
Unions today said the decision came as a "great relief" after the manufacturer controversially missed out on a similar deal to supply trains for the capital's Thameslink project in 2011.
Rail, Maritime and Transport (RMT) union general secretary Bob Crow called the announcement a "fantastic result".
This is a fantastic and deserved result… which will go a long way to saving the future of train-building in the nation that gave railways to the world.
Unite national officer Julia Long echoed his sentiments.
This is great news for the workforce at Bombardier and for Derby.
After the disastrous handling of the Thameslink contract this news must come as a massive relief for the skilled men and women at Bombardier.
Bombardier will continue to build trains, valuable jobs will be secured and young people will have a future in manufacturing through apprenticeships.
This decision is a tribute to the skills and dedication of the Derbyshire workforce.
A Derby MP has today welcomed news that the city's Bombardier factory has been awarded a £1 billion contract with London's Crossrail project.
Chris Williamson, who represents Derby North, said the deal was "great news" for both the company and for Derby's wider economy.
The fantastic campaign by Derby people and trade unions to secure train manufacturing in Derby, after losing out on the £1.4bn Thameslink contract in 2011, has been vindicated.
Today’s announcement is just the fillip Bombardier needed to secure its medium-term future and it’s great news for Derby’s wider economy too.
More than 240 jobs will be created and hundreds more secured as a result of the government's decision to award a £1 billion contract to Derby-based trainmaker Bombardier.
Transport chiefs have also revealed they expect the deal to boost the British economy as a whole, with around 74 per cent of the supply chain spending to remain in the UK.
The deal, announced this morning by Transport for London and the Department for Transport, will secure the future of 760 jobs at the plant in Old Oak Common, plus 80 apprenticeships.
It will also mean 244 new jobs will be created, along with 16 new apprenticeships.
Bombardier will deliver rolling stock - including 65 trains - for Crossrail, which will link the east and west sides of London.
It comes after Bombardier controversially missed out on a £1.4bn contract for the Thameslink project in favour of German firm Siemens in 2011, forcing the firm to announce 1,400 job cuts.
This is the first picture of what the new Crossrail trains set to be manufactured at Bombardier's Derby plant will look like.
The firm was awarded the contract to build 65 trains for the project, beating competition from Japanese company Hitachi and Spain's CAF.
Derby-based trainmaker Bombardier has won a £1 billion contract to supply stock for the new Crossrail line in London.
The contract is to provide 65 trains for the £14.8bn Crossrail line, which runs east-to-west across the capital city.
The company was awarded the contract above Japan's Hitachi and Spanish firm CAP.
More to follow.
Bombardier is celebrating making its one thousandth carriage for the London Underground today.
The Derby-based trainmaker produces and maintains trains for the Victoria, District and Circle line and the London Overground.
Production of the fleet started in 2010 and will continue until 2015.
Midlands-based manufacturer Bombardier has been named Transport Supplier of the Year at the UK National Transport Awards.
The award recognises the Derby-based firm's role in upgrading the London Underground's Victoria Line and supporting train operators during the London 2012 Olympics.
Bombardier designed and built 376 new Bombardier Movia metro trains for the Victoria Line from its base in Derby.
The line is now the most reliable service on the London Underground network.
Derby-based Bombardier have today signed a deal worth £180 million for carriages which will serve London's busiest commuter routes.Read the full story ›