Wabtec Receives Orders Worth $100 Million to Supply Components for NY Subway Cars

WILMERDING, Pa. — Wabtec Corp. said it has received orders worth about $100 million to supply components for New York City subway cars being purchased under the city’s R-160 program. The contracts represent components for the first option order of 620 cars, which are to be delivered over the next two years.

Under the R-160 program, New York City has now ordered 1,280 cars and has an option to order an additional 420. The cars are being built by ALSTOM Transportation and Kawasaki. Wabtec has been supplying components for the base order of 660 cars and will now provide the same components for the 620 option cars, as follows: Wabtec Passenger Transit (brakes, couplers and current collectors), Vapor Stone (door operators and related equipment), Milufab (door panels) and Wabtec Railway Electronics (event recorders).

“This provides a continuing, solid base of business for our Transit Group for the next several years,” said Albert J. Neupaver, Wabtec’s president and chief executive officer.

Wabtec Corp. is a global provider of value-added, technology-based products and services for the rail and transit industry. 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.

— PRNewswire-FirstCall