Westinghouse Air Brake Technologies : 6/7/2017 Wabtec Signs Contract Worth $22 Million To Provide PTC Equipment/Services For BRC
June 07, 2017 at 03:55 pm
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WILMERDING, PA, June 7, 2017 - Wabtec Corporation (NYSE: WAB) has signed a contract worth about $22 million to design, install, test and commission Positive Train Control (PTC) for the Belt Railway Company of Chicago (BRC).
Under the contract, Wabtec will provide its Interoperable Electronic Train Management System (I-ETMS®) equipment for five locomotives, a back-office server, office hosting, wayside and communications design, a track database, construction, training, and system integration. The contract is expected to be completed in 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.'
With complex interoperability requirements, BRC owns and operates about 292 miles of track, with about 27 miles of mainline track encompassed in two subdivisions: Kenton and 59th Street. BRC's PTC system will be fully interoperable with the PTC system being implemented by all Class 1 owners as well as Metra, Amtrak and five short-line 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.
Wabtec Corporation published this content on 07 June 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 07 June 2017 14:55:27 UTC.
Original documenthttps://www.wabtec.com/press-releases/7848/wabtec-signs-contract-worth-22-million-provide-ptc-equipmentservices-brc
Public permalinkhttp://www.publicnow.com/view/AAAE768B99AFBAE9F1F43BB3EDDF1631E10F3A77
Westinghouse Air Brake Technologies Corporation is one of the world's leading suppliers of value-added technological equipment, systems and services for the transportation sector. The activity is aorganized primarily around 4 families of products and services:
- electronics and special products: including electronic positive train control and pneumatic braking systems, event recorders, monitoring equipment, couplings, gears, couplers, air compressors and heat exchangers;
- transit products: heating, ventilation and air conditioning equipment, doors for buses and metro cars, pantographs, window assemblies, couplers, traction motors, etc.;
- brake components and friction products;
- refurbishment, overhaul and construction services: suburban locomotive construction and switching, overhaul and refurbishment of buses, subway cars and locomotives.
Net sales per market are divided between rail freight transport (71.9%), bus, metro and high-speed train transport (28.1%).
Net sales are distributed geographically as follows: the United States (47%), North America (9.1%), Europe (17%), South America (3.6%), Africa (1.1%) and other (22.2%).