Wabtec Pockets Equipment Contract To Modernize Chicago's Metra Commuter Rail Service

Westinghouse Air Brake Technologies Corp (NYSE:WAB) received an order to improve passenger experience, reliability, and safety for Metra, the commuter rail system in the Chicago metropolitan area. Financial terms were not disclosed.
The contract includes the latest brakes, passenger access doors, heating, ventilation, air conditioning (HVAC), and event recorder solutions for 200 new rail cars.
Wabtec will provide 800 double doorways and 400 single doorways. Wabtec will install 400 passenger HVAC systems with an efficient energy management system.
Additionally, Wabtec will supply its FastBrake microprocessor-controlled braking system along with the latest generation wheel slide protection to provide optimum stopping distances in adverse conditions.
Price Action: WAB shares closed lower by 0.41% at $92.97 on Thursday.