BAE Systems (BAESY) said its Gen3 electric drive system has successfully completed testing at the Federal Transit Administration’s Bus Research and Testing Center, demonstrating best-in-class fuel economy and emissions results.”BAE Systems’ Gen3 drivetrain technology raises the standard again for the transit industry,” said Bob Lamanna, vice president and general manager of Power & Propulsion Solutions at BAE Systems. “The test results highlight the efficiency of our proven technology, which enhances sustainability while delivering the reliability, performance, and cost savings that transit authorities expect.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BAESY:
- BAE Systems awarded $155.89M Navy contract action
- BAE Systems upgraded to Buy from Underperform at BofA
- Defense tech startup Anduril raises $2.5B in new funding round, TechCrunch says
- BAE Systems awarded $1.2B contract from U.S. Space Systems Command
- BAE Systems awarded $30M from U.S. Navy for AN/APX-123A Common Transponder