Industryweek 7809 Thales Siemens Tapped Spain High Speed Train Safety Systems
Industryweek 7809 Thales Siemens Tapped Spain High Speed Train Safety Systems
Industryweek 7809 Thales Siemens Tapped Spain High Speed Train Safety Systems
Industryweek 7809 Thales Siemens Tapped Spain High Speed Train Safety Systems
Industryweek 7809 Thales Siemens Tapped Spain High Speed Train Safety Systems

Thales, Siemens Tapped for Spain High-Speed Train Safety Systems

Nov. 24, 2014
Thales and Siemens have won a contract worth more than 500 million euros to revamp safety systems on a high-speed train line in Spain.

PARIS -- The French and German industrial giants Thales (IW 1000/240) and Siemens (IW 1000/35) said Monday they had won a contract worth more than 500 million euros to revamp safety systems on a high-speed train line in Spain.

"The order has a total value of around 510 million euros [$633 million] for the consortium," the companies said in a joint statement.

The two companies will modernize the control, signaling and safety equipment on the roughly 340-kilometer (211-mile) section of the high-speed line between Olmedo and Ourense in northern Spain.

The consortium is 55% owned by Thales with the remaining 45% held by Siemens.

A high-speed derailment on another section of this high-speed line in July 2013 caused 79 deaths on the outskirts of the northwestern city of Santiago de Compostela, Spain's deadliest train accident since 1944.

Copyright Agence France-Presse, 2014

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