Bombardier Inc. has signed a deal to deliver 11 trains to Swedish transport firm AB Transitio for $144 million.

Three-month stock chart for Bombardier on the TSX. (CBC)

The agreement includes an option for five additional Contessa trains, the Montreal-based transportation conglomerate announced Wednesday.

While the company's core aerospace division has been battling dwindling margins in the face of a slowdown in global air travel, in recent months, the company's rail division has been able to mitigate that by signing numerous train deals in Europe and across the globe.

Chief among them is the landmark $4-billion deal the company signed in September to supply high-speed trains for China's rail ministry.

The Swedish rail pact announced Wednesday is less ambitious, but capitalizes on Europe's interconnected transportation system. Contessa trains are capable of crossing the bridge between Denmark and Sweden despite the different rail infrastructures used in both countries, Bombardier noted.

"We are proud that Transitio has again entrusted us to continue providing further capacity to the region," Bombardier Transportation president Stéphane Rambaud-Measson said.

In all, Bombardier has orders for 111 trains by customers in the two countries, of which 90 have already been delivered.

The deal is unlikely to have an impact on Bombardier's Canadian facilities, as the vehicles and propulsion equipment will be designed by Bombardier in Sweden, and the cars will be produced in Germany at Bombardier’s Hennigsdorf and Görlitz production sites.

Bombardier's revenues for the fiscal year ended Jan. 31, 2009, were $19.7 billion US.