Wabtec (WAB) secured a $386M follow-on order to deliver additional R255 hybrid battery-diesel work locomotives to New York’s Metropolitan Transportation Authority, or MTA. The expanded agreement includes both locomotives and spare parts. Wabtec will build the R255s at its design and development center in Erie, Pennsylvania, with deliveries scheduled to start in 2027.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WAB:
- Strong Market Position and Growth Prospects Drive Buy Rating for Westinghouse Air Brake Technologies
- Wabtec price target raised to $245 from $225 at Citi
- Wabtec initiated with an Equal Weight at Wells Fargo
- Wabtec price target raised to $233 from $228 at BofA
- Wabtec’s Growth Potential: Capitalizing on Locomotive Fleet Upgrades and Strategic Opportunities