Alstom Wins €781 Million Contract for Moroccan High-Speed Rail Expansion

The latest announcement is out from Alstom SA ( (FR:ALO) ).

Alstom has secured a €781 million contract with Morocco’s National Railway Office to supply 18 Avelia Horizon high-speed trains, enhancing connectivity between Tangier and Marrakech. These trains, known for their operational flexibility and reduced maintenance costs, will significantly cut travel time and carbon emissions, reinforcing Alstom’s position in the sustainable mobility sector.

More about Alstom SA

Alstom is a global leader in smart and sustainable mobility, offering a broad portfolio of transportation solutions including high-speed trains, metros, monorails, trams, turnkey systems, services, infrastructure, signalling, and digital mobility. With a presence in 64 countries and a workforce of over 84,700 people, Alstom focuses on innovative and sustainable transportation solutions, generating revenues of €17.6 billion for the fiscal year ending on 31 March 2024.

YTD Price Performance: -0.64%

Average Trading Volume: 178,264

Technical Sentiment Signal: Sell

Current Market Cap: €9.96B

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