Wabtec signs $65M PATH subway car contract

Watec Corp. signed a $65 million contract to supply components for 340 new subway cars being built for the Port Authority Trans-Hudson (PATH) rapid transit system, which serves New York and New Jersey. PATH has an option to purchase an additional 125 cars, which would increase the total value of the contracts to $80 million. Under the contracts, Wabtec's WABCO and Vapor Rail units will supply brakes, couplers, door operators and controls, and current collectors for the cars, which will be built by Kawasaki Rail Car. Wabtec expects to deliver components for the prototype cars in late 2006, with full production from 2007 to 2010.