Construcciones y Auxiliar de Ferrocarriles (ES:CAF) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Construcciones y Auxiliar de Ferrocarriles (CAF) has secured a significant contract with Metro Madrid for 400 million euros to provide 40 new trains aimed at renewing and expanding Madrid’s metro fleet. These wide-gauge, single-voltage trains will serve lines 6 and 8, with a focus on high capacity and energy efficiency, supported by European Investment Bank loans. The deal also includes a life cycle optimization program, reinforcing a long-standing partnership between CAF and Metro Madrid.
For further insights into ES:CAF stock, check out TipRanks’ Stock Analysis page.