Westinghouse Air Brake Technologies : 5/18/2017 Wabtec Signs Contract Worth $40 Million To Provide PTC Equipment/Services For SFRTA
May 18, 2017 at 11:09 am EDT
Share
WILMERDING, PA, May 18, 2017 - Wabtec Corporation (NYSE: WAB) has signed a contract worth about $40 million to design, install, test and commission Positive Train Control (PTC) for the South Florida Regional Transportation Authority (SFRTA), which operates the Tri-Rail commuter rail service.
Under the contract, Wabtec will provide its Interoperable Electronic Train Management System (I-ETMS®) equipment for 42 locomotives and cab cars, a back-office server, wayside communications and signals, a dispatch system, training, and system integration. Installation is expected to be completed by the end of 2018.
Raymond T. Betler, Wabtec's president and chief executive officer, said: 'The scope of our work on this project demonstrates the wide-ranging roles that Wabtec can play in the implementation of PTC for our customers. We are continuing to invest worldwide in this important segment of our business.'
Tri-Rail operates more than 70 miles of track along the east coast of Florida between Mangonia Park and the Miami Intermodal Center. SFRTA's PTC system will be fully interoperable with the system being implemented by all Class 1 railroads.
Wabtec Corporation (www.wabtec.com) is a leading global provider of equipment, systems and value-added services for transit and freight rail. 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. The company has facilities located throughout the world.
Wabtec Corporation published this content on 18 May 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 18 May 2017 15:08:18 UTC.
Original documenthttps://www.wabtec.com/press-releases/7706/wabtec-signs-contract-worth-40-million-provide-ptc-equipmentservices-sfrta
Public permalinkhttp://www.publicnow.com/view/26E29E7BAD48013C4148D1256CD47C1FAD2DD6C2
Westinghouse Air Brake Technologies Corporation is one of the world's leading suppliers of value-added technological equipment, systems and services for the transportation sector. The activity is aorganized primarily around 4 families of products and services:
- electronics and special products: including electronic positive train control and pneumatic braking systems, event recorders, monitoring equipment, couplings, gears, couplers, air compressors and heat exchangers;
- transit products: heating, ventilation and air conditioning equipment, doors for buses and metro cars, pantographs, window assemblies, couplers, traction motors, etc.;
- brake components and friction products;
- refurbishment, overhaul and construction services: suburban locomotive construction and switching, overhaul and refurbishment of buses, subway cars and locomotives.
Net sales per market are divided between rail freight transport (71.9%), bus, metro and high-speed train transport (28.1%).
Net sales are distributed geographically as follows: the United States (47%), North America (9.1%), Europe (17%), South America (3.6%), Africa (1.1%) and other (22.2%).