Wabtec Secures $405M Deal To Supply Next-Gen Locomotives To Kazakhstan Railway
Portfolio Pulse from Benzinga Newsdesk
Wabtec (NYSE:WAB) has secured a $405 million deal to supply Evolution Series ES44ACi locomotives to Kazakhstan Temir Zholy (KTZ), enhancing KTZ's fleet and supporting regional rail demand. The locomotives will be built in Astana and are designed for Kazakhstan's challenging conditions.
October 21, 2024 | 11:01 am
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Wabtec has secured a $405 million contract to supply locomotives to Kazakhstan Temir Zholy, enhancing its revenue and strengthening its position in the CIS rail market.
The $405 million deal is significant for Wabtec as it not only boosts revenue but also strengthens its market presence in the CIS region. The contract highlights Wabtec's capability to deliver advanced locomotives tailored for challenging environments, which could lead to further opportunities in similar markets.
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