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Benzinga
Benzinga
Business
Akanksha Bakshi

Wabtec Secures Multi-Year Order From Norfolk Southern To Modernize 330 Locomotives

  • Wabtec or Westinghouse Air Brake Technologies Corp (NYSE:WABreceived an additional multi-year order from Norfolk Southern Corp. (NYSE:NSC) to modernize 330 locomotives as part of its continued partnership. Financial terms were not disclosed.
  • The deal marks the third significant modernization order from the railroad since 2015, with more than 950 locomotives upon completion in 2025.
  • Wabtec will modernize D9-44CW locomotives that are more than 20 years old and transform them into AC44C6Ms, adding another 20 years of incremental life to each locomotive.
  • The modernizations will yield significant dividends per locomotive, including improved fuel efficiency by 25%.
  • Price Action: NSC shares are trading lower by 0.34% at $278.00 and WAB higher by 0.20% at $95.88 on the last check Wednesday.
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