August 18, 2009

Wabtec unit wins $44M Virginia rail contract

Wabtec Corp.’s MotivePower subsidiary received an order for 12 MPXpress commuter locomotives for about $44 million from Virginia Railway Express (VRE), a commuter railroad that serves the suburban communities of Northern and Central Virginia.

 

Delivery will begin in the summer of 2010. The locomotives will be manufactured in Boise, Idaho and are fully-compliant with Buy America regulations. VRE has an option to acquire an additional eight locomotives, which would bring the total value of the order to more than $73 million.

 

VRE used resources from two federal earmarks from U.S. Sen. James Webb, federal formula funds and a recent award of stimulus money under the American Recovery and Reinvestment Act to increase its initial order from five locomotives to the current 12.

 

Wabtec Corp. 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 also builds new switcher and commuter locomotives and provides aftermarket services.

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