Wabtec Secures $390 Million Long-Term Services Agreement with Transnet Engineering
Wabtec (NYSE: WAB) has finalized a long-term Material and Technical Support Agreement with Transnet Engineering. The contract is valued at approximately $390 million and focuses on providing essential support for Transnet’s Class D43 and D44 locomotives. The agreement aims to improve the operational availability and reliability of these specific locomotive models through specialized technical services and material supply. This long-term commitment provides Wabtec with significant revenue visibility within its services segment.
Tickers: $WAB
Topics: locomotives long-term contract maintenance agreement
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Part of the story Wabtec secures about $390M services agreement with Transnet Engineering (2 articles)