Wabtec Corporation Announces $277M Order For Evolution Series Locomotives From SimFer Joint Venture; Locomotives To Service Simandou Iron Ore Project In Guinea
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Wabtec Corporation has announced a $277 million order for its Evolution Series locomotives from the SimFer Joint Venture. These locomotives will be used for the Simandou Iron Ore Project in Guinea.
July 30, 2024 | 3:00 pm
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Wabtec Corporation has secured a $277 million order for its Evolution Series locomotives from the SimFer Joint Venture. This order is for the Simandou Iron Ore Project in Guinea.
The $277 million order is a significant revenue boost for Wabtec Corporation, indicating strong demand for its Evolution Series locomotives. This positive development is likely to have a favorable impact on Wabtec's stock price in the short term.
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