UPDATE 1-Bombardier wins $156 mln contracts in Germany, Malaysia

(Adds details of Malaysian deal)

Oct 1 (Reuters) - Bombardier Inc , the world's largest train maker, said it won two contracts totaling about 121 million euros ($155.67 million) for rail networks in Germany and Malaysia.

Bombardier won a five-year, 281 million Malaysian ringgit ($91.94 million) contract to supply its Cityflo 650 driverless train control system for a network in the Greater Kuala Lumpur area, the Canadian company said.

Separately, it said it will also supply five double-deck trains to Deutsche Bahn AG , the German national railway company, for about 50 million euros.

Deutsche Bahn AG has already ordered 135 of the variable double-deck coaches for long-distance services as part of a December 2008 contract.

The delivery of the trains, called Twindexx Vario, is scheduled to start in the second half of 2014.

Shares of the Montreal-based company, were trading up 2 percent at C$3.79 on Monday on the Toronto Stock Exchange on Friday.

($1 = 3.0565 Malaysian ringgits)

(Reporting by Krithika Krishnamurthy in Bangalore; Editing by Sreejiraj Eluvangal)

((krithika.k@thomsonreuters.com, within U.S. +1 646 223 8780, outside U.S. +91 80 4135 5800)(Reuters Messaging: krithika.k.thomsonreuters.com@reuters.net))