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Wabtec Unit Awarded Contract to Overhaul Transit Cars for Tyne & Wear Metro In England.

WILMERDING, Pa., June 10 /PRNewswire-FirstCall/ -- Wabtec Corporation (NYSE: WAB) said its Wabtec Rail unit in Doncaster, England has been awarded a $37 million contract to overhaul 90 transit cars for DB Regio Tyne & Wear Ltd. (DBTW). The project is expected to run through 2015, with the work to be performed at Wabtec Rail's facility in Doncaster.

DBTW operates trains on the Tyne & Wear Metro that serves Sunderland, Newcastle and surrounding communities. The refurbishment scope will include improvements to both the passenger and driver areas of the cars, with the goal of extending their service life to 2025.

The project is part of a $600 million modernization of the Metro system, which is owned and managed by Nexus.

Located in Doncaster, England, Wabtec Rail is one of the UK's leading railway rolling stock engineering companies, providing repair and refurbishment of passenger and freight trains for UK train operators and rolling stock leasing companies. The Doncaster Works has a proud history in the building and repair of railway rolling stock going since 1853, including the construction of world-famous locomotives such as the Mallard and the Flying Scotsman.

Wabtec Corporation is a global provider of value-added, technology-based products and services for rail and other industrial markets. 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. The company has facilities located throughout the world.

SOURCE Wabtec Corporation
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Publication:PR Newswire
Geographic Code:4EUUK
Date:Jun 10, 2010
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