Wabtec Corporation (NYSE: WAB) on March 8 announced the signing of a contract to provide components for 130 new passenger cars being built for Amtrak by CAF USA, Inc., a railcar builder with manufacturing facilities in New York.
Wabtec will be providing braking equipment, door operating systems, sanitation systems, springs, draft gears, and HVAC equipment to the CAF Group unit for the cars, which are expected to be delivered beginning in 2013.
Amtrak has an option to purchase an additional 70 cars from CAF. If that option is exercised, Wabtec anticipates supplying components for those cars as well.
"These vehicles will augment and in some cases replace Amtrak's current Viewliner fleet of Sleeper, Diner, Baggage and Bag/Dorm cars, which are currently between 20 and 40 years old," said Albert J. Neupaver, president and CEO of Wabtec, in the company's announcement. "We're pleased to be working with CAF on this important project to modernize Amtrak's fleet."