Bombardier Comments on Azerbaijan Project and Recent Media Coverage

Bombardier makes comments about ADY project :

Over the past week, a number of media outlets have reported on an investigation being conducted by Swedish Authorities and the World Bank into a Bombardier Transportation contract in Azerbaijan.

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We take this matter – and any allegation of unethical behavior – very seriously as we are committed to the highest level of integrity and full compliance with all legal requirements in every country where we operate. As a company, and as individuals, we expect open, honest and fair dealings at all times with our customers, suppliers, partners and other stakeholders.

With respect to the Azerbaijan project, we are assisting Swedish authorities in their investigation and conducting our own internal review. Thus far, we have no information of any unlawful behavior and we stand behind the work we are doing to help modernize Azerbaijan’s rail infrastructure. Should we discover any improper activity, we will of course take the necessary and appropriate actions to set things right.

Despite allegations to the contrary, the Bombardier consortium was awarded the Azerbaijan contract after a fair and open competition. Our bid, which was accepted by Azerbaijan Railways ADY in coordination with the World Bank, was deemed the most technically sound and priced lower than our global competitors. Since being awarded the contract in 2013, we have supported our customer’s efforts to upgrade their rail system and we continue to do so.

As we complete our internal review, we will do everything possible to ensure that our stakeholders have a full, fair, and honest accounting of the facts. We will always hold ourselves to the highest standards of conduct and we will always welcome the scrutiny that comes with being one of Canada’s leading multinational companies.