Wabtec's MotivePower Unit Selected by MBTA to Supply New Passenger Locomotives

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Jul 16, 2010, 04:05 ET

WILMERDING, Pa., July 16 /PRNewswire-FirstCall/ -- MotivePower, a unit of Wabtec Corporation (NYSE: WAB), has been selected by the Massachusetts Bay Transportation Authority (MBTA), a commuter railroad that serves eastern and central Massachusetts, to supply 20 of MotivePower's next generation, advance-designed, HSP46 passenger locomotives at a cost not to exceed $114.63 million. The locomotives will be manufactured in Boise, Idaho with major components supplied by GE Transportation of Erie, Pa.

"We are pleased that MBTA has selected MotivePower's proposal, and we look forward to executing a final contract," said Albert J. Neupaver, Wabtec's president and chief executive officer.

MotivePower's new HSP46 design leverages a broad spectrum of U.S.-based engineering and manufacturing capabilities to set the new standard for performance expectations in the industry, with improved fuel efficiency, reduced emissions and lower life-cycle costs.

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. MotivePower (www.motivepower-wabtec.com) is an industry leader in the design, manufacture and re-manufacture of diesel-electric locomotives.

Website: www.wabtec.com

SOURCE Wabtec Corporation