Wabtec Unit Awarded Contract To Overhaul Transit Cars For Angel Trains

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Mar 23, 2010, 09:00 ET

WILMERDING, Pa., March 23 /PRNewswire-FirstCall/ -- Wabtec Corporation (NYSE: WAB) said its Wabtec Rail subsidiary in Doncaster, England has been awarded a $26 million contract to overhaul 286 transit cars for Angel Trains. The project is expected to run through 2014.

The Class 465 and 466 Electric Multiple Units (EMUs) are currently leased by Angels Trains to London South Eastern Railway. The work will be performed at Wabtec Rail's facility in Doncaster.

"This project builds upon our already strong and successful relationship with Angel Trains," said Albert J. Neupaver, Wabtec's president and chief executive officer.

Wabtec Rail is one of the UK's leading railway rolling stock engineering companies, providing overhaul and refurbishment of passenger and freight vehicles for the UK train operators and rolling stock leasing companies.

Wabtec Corporation is a global provider of value-added, technology-based products and services for the rail and transit industry. 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.

www.wabtec.com

SOURCE Wabtec Corporation