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Wabtec lands Alaska Railroad PTC contracts
The Alaska Railroad has awarded the Railway Electronics division of Wabtec Corp. $16.6 million worth of contracts to provide PTC (positive train control) equipment and services, including CAD (computer-aided dispatch)…
Wabtec cites record 4Q earnings, good year
Wabtec Corp. early Wednesday, Feb. 19, 2014, reported "record results" in its fourth quarter, including earnings per diluted share of 76 cents. Net income for the fourth quarter was $74 million,…
Wabtec to acquire Fandstan Electric
In a cash deal worth approximately $215 million, Wabtec Corp. has signed a definitive agreement to acquire London, England-based Fandstan Electric Group Ltd.
Wabtec lands MARC PTC contract
The Maryland Board of Public Works has approved a $13 million contract with Wabtec Corp. subsidiary Wabtec Railway Electronics to install Positive Train Control (PTC) equipment on MARC regional passenger…
Wabtec sets EVP/CFO transition
Wabtec Corp. said Sunday, Oct. 27 , 2013 Patrick D. Dugan has been named executive vice president and chief financial officer effective Jan. 1, 2014. Dugan will succeed Alvaro Garcia-Tunon,…
Wabtec 3Q earnings, sales rise
Wilmerding, Pa.-based Wabtec Corp. reported Thursday, Oct. 24, 2013 third-quarter earnings of $73.9 million, or 76 cents per share, up about 17% from $63 million, or 65 cents per share,…
Metrolinx taps Wabtec for Tier 4 locomotives
Wilmerding, Pa.-based Wabtec Corp. said Tuesday, Oct. 8, 2013 its MotivePower subsidiary has signed a US$63 million contract with Canada's Metrolinx to build 10 new, low-emission locomotives.
Wabtec acquires Longwood
Wabtec Corp. has acquired Longwood Industries, Inc., a manufacturer of specialty rubber products for transportation, oil and gas, and industrial markets, with annual sales of about $70 million. Wabtec expects…
Record 2Q sales, earnings for Wabtec
Wabtec Corp. reported record second-quarter earnings and revenue Thursday, July 25, 2013, spurred by what the company said was strong performance in its Transit Group.
Wabtec to provide PTC for Coaster
Wabtec Corp. has signed a $9 million contract with Herzog Technologies Inc. to provide Positive Train Control (PTC) equipment and services for Oceanside, Calif.’s North County Transit District (NCTD). The…
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