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PITTSBURGH — Wabtec, the Pittsburgh-based manufacturer of equipment, systems and digital solutions that primarily serves the freight and transit rail industries, has landed a multi-million dollar deal to supply locomotives to a company based in Kazakhstan.
The company announced on Friday that it has entered into a $405-million deal with Kazakhstan Temir Zoly, the company that operates and maintains the entirety of Kazakhstan’s railway transportation network.
The deal will see Wabtec (NYSE: WAB) providing the company with its Evolutions Series ES44ACi locomotives to replace KTZ’s aging fleet. The locomotives, which are built to provide high horsepower and low life-cycle costs, will be built at Wabtec’s plant in Astana, Kazakhstan, which employs over 700.
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