This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Wabtec To Build Commuter Locomotives For Central Florida And Seattle Projects

Stocks in this article: WAB

WILMERDING, Pa., Sept. 8, 2011 /PRNewswire/ -- Wabtec Corporation (NYSE: WAB) said its MotivePower subsidiary has signed contracts to build locomotives for commuter rail projects in Central Florida and Seattle.  The contracts are valued at about $30 million, and the locomotives are expected to be delivered in 2012-13.

"These orders demonstrate that transit and commuter rail agencies continue to invest in new and expansion projects, and we are pleased to play a vital role in their plans," said Albert J. Neupaver, Wabtec's president and chief executive officer.

For the Central Florida project, MotivePower will provide seven remanufactured locomotives to the Florida Department of Transportation (FDOT) for "SunRail," a new commuter rail line that will run along a 61.5-mile stretch of existing freight rail tracks.  The 3,000 horsepower locomotives will feature MotivePower's streamlined cab and will be fully compliant with EPA regulations for remanufactured locomotives.  "SunRail" is a $1.04 billion project that will be funded by FDOT, the Federal Transit Administration, the city of Orlando and several Florida counties, with service expected to begin in 2013.  FDOT has an option to purchase up to an additional 13 locomotives as ridership grows.

For the Seattle project, MotivePower will provide three locomotives to Sound Transit, which operates train and bus service in the region.  These 4,000 horsepower locomotives will be equipped with Tier 3-compliant engines.  Sound Transit plans to expand its commuter rail service in 2013.

Wabtec Corporation ( www.wabtec.com) is a global provider of value-added, technology-based products and services for the rail and transit industry. Through its subsidiaries, the company manufactures a range of products for locomotives, freight cars and passenger transit vehicles.  The company has facilities located throughout the world.  MotivePower ( www.motivepower-wabtec.com) is an industry leader in the design, manufacture and re-manufacture of diesel-electric locomotives.

SOURCE Wabtec Corporation

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,719.00 +33.27 0.19%
S&P 500 2,052.75 +4.03 0.20%
NASDAQ 4,701.8670 +26.1550 0.56%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs