Wabtec Unit Signs $40 Million Contract to Maintain Locomotives for HSBC Rail
WILMERDING, Pa. — Wabtec Rail, a UK-based unit of Wabtec Corporation, has signed a $40 million, five-year contract to maintain 31 high-speed locomotives for HSBC Rail, a leading lessor of rail equipment in the UK. The Class 91 electric locomotives run on the UK’s East Coast Main Line at speeds of up to 125 mph. Wabtec Rail will be responsible for all maintenance and running repairs, and for improving equipment reliability. “For Wabtec, this contract is another example of the expansion of our aftermarket business globally,” said Albert J. Neupaver, Wabtec’s president and chief executive officer. “In addition, the project