Westinghouse Air Brake Technologies : 5/23/2016 Wabtec Signs Contract Worth $21 Million To Provide PTC Equipment/Services For TRRA
May 23, 2016 at 09:14 am EDT
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WILMERDING, PA, May 23, 2016 - Wabtec Corporation (NYSE: WAB) has signed a contract worth about $21 million to design, install, test and commission Positive Train Control (PTC) for the Terminal Railroad Association of St. Louis (TRRA).
Under the contract, Wabtec will provide its Interoperable Electronic Train Management System (I-ETMS®) equipment for 17 locomotives; wayside and communications design, construction and training; and system integration. The contract is expected to be completed in 2018. Several Wabtec divisions are involved in the project: Wabtec Integrated Systems, Xorail, Wabtec Railway Electronics, Railroad Controls and Wabtec Global Services.
Raymond T. Betler, Wabtec's president and chief executive officer, said: 'The scope of our work on this project demonstrates the wide-ranging and increasing roles that Wabtec can play in the implementation of PTC for our customers. We plan to continue to invest in this important segment of our business, in the U.S. and internationally.'
TRRA owns and operates about 155 miles of track, with about 45 miles of mainline track encompassed in four subdivisions: Merchants, Illinois Transfer, MacArthur Bridge, and Eads. The remaining 110 miles consists of various industrial leads and yard tracks. TRRA's PTC system will be fully interoperable with the PTC system being implemented by its Class 1 partners and Amtrak.
Wabtec Corporation is a global provider of technology-based products and services for rail and other industrial markets. 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 23 May 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 23 May 2016 13:13:04 UTC.
Original documenthttps://www.wabtec.com/press-releases/7175/wabtec-signs-contract-worth-21-million-provide-ptc-equipmentservices-trra
Public permalinkhttp://www.publicnow.com/view/805A03078BAE3687B9C05485486ACB5FFF6E88FB
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%).