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Bombardier loses contract

Derby-based company Bombardier has lost out on the £1.6bn Thameslink contract to Siemens putting more jobs under threat.

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Bombardier: Thameslink contract formally awarded to Siemens in ten days

Bombardier will not be confirmed as losing the Thameslink contract for another ten days according to reports.

German firm Siemens will only then be confirmed as the winners of the contract due to a legal requirement known as the Alcatel standstill period.

This allows time for unsuccessful bidders to challenge the decision.

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