AbbVie Sues HHS Over Medicare Price Controls on Botox Under Inflation Reduction Act 
U.S. Commerce Department Reaches $252 Million Settlement With Applied Materials Over China Exports 
FDA Rejects Review of Moderna’s Flu Vaccine Application, Shares Slide 
Air New Zealand Cabin Crew Strike Set for February 12–13 Amid Failed Talks 
FAA Confirms $1.5 Billion Peraton Contract as U.S. Air Traffic Control Overhaul Accelerates 
GE Aerospace Expands Singapore Engine Repair Hub with Automation and AI to Tackle Aviation Bottlenecks 
Westpac (ASX: WBC) Q1 Profit Rises 6% as Lending Growth and Treasury Income Strengthen Earnings 
SMIC Shares Slide Despite Strong AI-Driven Earnings as Margin Pressure Looms 
Converse Cuts Corporate Jobs as Nike Restructures to Revive Sales Growth 
How Marco Pharma International Preserves German Homeopathic Traditions in America 
Russia Signals Further Restrictions on Telegram Amid Ongoing Regulatory Disputes 
U.S. Judge Allows Jeffrey Epstein Sex Trafficking Lawsuit Against Bank of America to Proceed 
CBA Shares Surge After Record Half-Year Profit as Rate Outlook Improves 
More U.S. Investors Join Arbitration Against South Korea Over Coupang Dispute 
Spirit Airlines Seeks Court Approval to Auction 20 Airbus A320/A321 Aircraft Amid Bankruptcy 
FTC Questions Apple News Over Alleged Bias Against Conservative Media 
Boeing Reports Major Supply Chain Quality Improvements After Spirit AeroSystems Deal 
WILMERDING, Pa., Nov. 07, 2017 -- Faiveley Transport, a subsidiary of Wabtec Corporation (NYSE:WAB), has been awarded contracts worth more than $150 million by RailConnect NSW, a consortium consisting of the Hyundai Rotem Company, UGL Limited and Mitsubishi Electric Australia, to supply a complete range of railway systems and maintenance services for the 56 train sets (512 cars) of the New Intercity Fleet, New South Wales Australia.
Under the contracts Faiveley Transport will provide full braking systems (air generation, brake control and bogie brake), door systems (access doors and interior doors), HVAC (cabin and saloon heating, ventilation and air conditioning), vigilance units, pantographs and Energy Monitoring Systems. The scope of supply includes the study, design, engineering, manufacture and delivery of the rail systems, as well as a maintenance contract for a 15-year period. It will involve Faiveley operating units in Australia, France, Italy, Germany, Czech Republic, India and China. Deliveries are expected to start by the end of 2017 and to be completed by September 2020.
The New Intercity Fleet is a new fleet of high-capacity double-deck trains, ordered in 2016 by the New South Wales Government. It will operate between Sydney and the Central Coast, Newcastle, the Blue Mountains and the South Coast, and it will offer long distance passengers a more comfortable travelling experience.
Raymond T. Betler, Wabtec’s president and chief executive officer, said: “We are proud to participate in the New South Wales intercity trains project, one of the major rail projects in Australia. This contract further reinforces our leading position in the region and confirms our ability to support our customers globally. It also represents a great success for Wabtec and Faiveley Transport, with all of our major product lines represented on-board the new trains.”
Wabtec Corporation (www.wabtec.com) is a leading global provider of equipment, systems and value-added services for transit and freight rail. 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.
Contact:
Richard J. Stimel
Phone: + 1 412 825 1423
E-mail: [email protected]
Charlotte Rougeron
Phone: + 33 1 48 13 65 11
Email: [email protected]
Website: www.wabtec.com
