Wabtec Signs Contract Worth $62 Million To Provide PTC Equipment/Services For CFRC (SunRail)

Monday, February 12, 2018 1:02 PM UTC

WILMERDING, Pa., Feb. 12, 2018 -- Wabtec Corporation (NYSE:WAB) has signed a contract worth about $62 million to design, install, test and commission Positive Train Control (PTC) for the Central Florida Rail Corridor (CFRC), which operates the SunRail commuter rail service.

Under the contract, Wabtec will provide its Interoperable Electronic Train Management System (I-ETMS®) equipment for 24 locomotives and cab cars, a back-office server, wayside communications and signals, a dispatch system, training, and system integration. Installation is expected to be completed by the end of 2018.

Raymond T. Betler, Wabtec’s president and chief executive officer, said: “The scope of our work on this project demonstrates the wide-ranging roles that Wabtec can play in the implementation of PTC for our customers. We are continuing to invest worldwide in this important segment of our business.”

Nicola Liquori, chief executive officer of SunRail, said: “Safety is the number one priority for SunRail and the Florida Department of Transportation. Positive Train Control will allow us to increase safety for our customers, crews and the traveling public in general.”

SunRail operates more than 60 miles of track through central Florida between Deland and Poinciana. CFRC’s PTC system will be fully interoperable with the system being implemented by all Class 1 railroads.

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
Email: [email protected]
Charlotte Rougeron
Phone: + 33 1 48 13 65 11
Email: [email protected]

Wabtec Corporation
1001 Air Brake Avenue
Wilmerding, PA 15148
Website: www.wabtec.com

Editor's Picks

Breathing through your nose when you exercise may make your runs easier

Entrepreneurs are facing a mental health crisis — here's how to help them

Are fish oil supplements as healthy as we think? And is eating fish better?

Will AI kill our creativity? It could – if we don’t start to value and protect the traits that make us human

Does AI have a right to free speech? Only if it supports our right to free thought

How can I lower my cholesterol? Do supplements work? How about psyllium or probiotics?

Why we need to set limits on sperm donation

Aging with a healthy brain: How lifestyle changes could help prevent up to 40% of dementia cases

Seven techniques to avoid weight regain, approved by experts

Wabtec Signs Contract Worth $62 Million To Provide PTC Equipment/Services For CFRC (SunRail)

Editor's Picks

Welcome to EconoTimes