WILMERDING, Pa., Oct. 8, 2013 /PRNewswire/ -- Wabtec Corporation (NYSE: WAB) said its MotivePower subsidiary has signed a $63 million contract with Canada's Metrolinx to build 10 new, low-emission locomotives. The locomotives, featuring new engines that meet Tier 4 emission standards, will be designed and manufactured by MotivePower at its Boise, Idaho facility and are expected to be delivered beginning in 2016. Metrolinx is an agency of the Province of Ontario and the regional transportation authority for the Greater Toronto and Hamilton Area.
Albert J. Neupaver, Wabtec's chairman and chief executive officer, said: "As new environmental standards are phased in over the next several years, MotivePower is well positioned to participate in this market by offering environmental and operational performance upgrades for new and existing diesel-electric commuter locomotives throughout North America."
The locomotives will include MotivePower's Central Diagnostic System, which provides remote diagnostic and health monitoring capabilities so that Metrolinx can proactively identify maintenance and operational needs. Other Wabtec units will supply control systems, event recorders, brake shoes, aftercoolers and radiators for the locomotives.
The locomotives will be powered by two engines that meet Tier 4 emission standards, as set by the U.S. Environmental Protection Agency. The new engine technology will reduce diesel particulate emissions by about 85 percent and NOx emissions by about 75 percent compared to the current models. The twin-engine solution provides for both redundancy of major systems and flexibility of operation during off-peak periods, where running just one of the two engines can provide significant fuel savings on shorter trains.This project follows a previous order from Metrolinx to repower 11 locomotives with the same advanced configuration. 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
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- 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 + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV