Wabtec Receives Order for 20 Locomotives (WAB)

Wabtec Corp.

is reporting after the bell that MotivePower, a unit of Wabtec, has been selected by the Massachusetts Bay Transportation Authority to supply 20 of MotivePower's next generation, advance-designed, HSP46 passenger locomotives at a cost not to exceed $114.63 million. The locomotives will be manufactured in Boise, Idaho with major components supplied by GE Transportation of Erie, Pa. "We are pleased that MBTA has selected MotivePower's proposal, and we look forward to executing a final contract," said Albert J. Neupaver, Wabtec's president and chief executive officer. Shares of Wabtec, the old Westinghouse Airbrake Co., which were down 3.48% during Friday’s session, were trading higher by 0.49%, at $42.60 in the after-market. The company is scheduled to report Q2 earnings on July 27th. SOURCE: Wabtec Corporation