Wabtec Signs $45 Million Contract with Toronto's Metrolinx
Wabtec Corporation (NYSE: WAB) said its MotivePower subsidiary has signed a $45 million contract with Metrolinx, an agency of the Province of Ontario and the regional transportation authority for the Greater Toronto and Hamilton Area (GTHA), to repower 11 locomotives with new engines and propulsion systems that meet significantly higher environmental standards. Deliveries are expected to begin in 2014.
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