Tuesday, March 24, 2009

Wabtec gets $75 million order from New York City Transit

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Wilmerding, Pa.-based Wabtec Corp. Tuesday said it has received option orders worth $75 million from New York’s Metropolitan Transportation Authority to provide supply components for MTA’s R-160 subway car program. The order covers components for the second option order of 382 cars. Wabtec will complete delivery during the next two years.

Components to be supplied include: brakes, couplers, and current collectors (supplied by Wabtec Passenger Transit); door operators and related equipment (supplied by Vapor Stone); and event recorders (supplied by Wabtec Railway Electronics).

Wabtec notes that New York City has ordered 1,662 cars, being built by Alstom Transport, based in Saint-Ouen, France,  and Tokyo-based Kawasaki Heavy Industries. Wabtec has been supplying components for the previous cars.

“This order provides a continuing, solid base of business for our Transit Group,” said Wabtec’s President and CEO Albert J. Neupaver in a statement. “Across North America and around the world, it’s clear that investment in public transportation is a priority, and we expect to continue to benefit from that trend.”