Press Releases

Wabtec Reduces Emissions at Port of Kiel in Germany with Shore Power Solutions

Wabtec Corporation (NYSE: WAB) and the Port of Kiel celebrated today the installation of a sustainable shore power solution to support cruise operators. ShoreCONNECT has potential to reduce nearly all emissions from cruise ships by providing shore power while berthing at the port.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-reduces-emissions-at-port-of-kiel-in-germany-with-shore-power-solutions
Wabtec Begins Operations at Neighborhood 91 Additive Hub

Wabtec Corporation (NYSE: WAB) celebrated today the start of operations at Neighborhood 91, the additive manufacturing production campus at Pittsburgh International Airport’s Innovation Campus. The new 11,000-sq-ft facility builds upon Wabtec’s efforts to drive innovation in the rail industry through its growing additive manufacturing capabilities.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-begins-operations-at-neighborhood-91-additive-hub
Wabtec Announces Pricing of €500 Million Senior Notes Offering

Wabtec Corporation (NYSE:WAB) (“Wabtec”) and Wabtec Transportation Netherlands B.V. (the “Issuer”), a wholly owned subsidiary of Wabtec, have announced the pricing of the Issuer’s public offering of €500 million aggregate principal amount of 1.250% Senior Notes due 2027 (the “Notes”). The Notes will be fully and unconditionally guaranteed by Wabtec.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-announces-pricing-of-500-million-senior-notes-offering
Driving Efficiency in Rail Transportation Management: Online Inventory

Learn how the modernization of RailConnect™ Transportation Management is improving railroad process efficiencies

https://www.wabteccorp.com/newsroom/press-releases/driving-efficiency-in-rail-transportation-management-online-inventory
Wabtec introduces Green Financing instruments to accelerate sustainable solutions in passenger and freight rail

Wabtec Corporation (NYSE: WAB) published today its Green Finance Framework, supported by a second-party opinion from Sustainalytics, a Morningstar Company and a globally-recognized provider of ESG research, ratings and data. The company will utilize green financing instruments to accelerate the development of technologies that enable sustainable value creation for both the passenger and freight rail sectors.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-introduces-green-financing-instruments-to-accelerate-sustainable-solutions-in-passenger-and
Wabtec Supports Delhi-Meerut Regional Rapid Transport System with Major Components

Wabtec Corporation (NYSE: WAB) announced today it will support the Delhi-Meerut Regional Rapid Transport Systems (RRTS) with critical component orders valued at about $15 million for new rolling stock. The company will supply advanced technology brake systems, pantographs, roof disconnector switches and fully integrated passenger information systems to Alstom, which is building the coaches for the project.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-supports-delhi-meerut-regional-rapid-transport-system-with-major-components
Wabtec Reports First Quarter 2021 Results; Updates 2021 Guidance

Wabtec Corporation (NYSE: WAB) today reported first quarter 2021 earnings per diluted share of $0.59 and adjusted earnings per diluted share of $0.89, versus earnings per diluted share of $0.58 and adjusted earnings per diluted share of $0.97 a year ago. Total sales were $1.8 billion and cash from operations was strong at $292 million.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-reports-first-quarter-2021-results-updates-2021-guidance
Wabtec Secures Marine Engine Order for Largest U.S. Hopper Dredger for Manson Construction Co.

Wabtec will deliver five V250MDC marine diesel engines (three 16V250MDC units and two 12V250MDC units). The Frederick Paup will be owned and operated by Manson Construction Co. and built at the Keppel AmFELS Shipyard in Brownsville, Texas.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-secures-marine-engine-order-for-largest-us-hopper-dredger-for-manson-construction-co
Wabtec to Acquire Nordco

Wabtec Corporation (NYSE: WAB) announced today it has signed a definitive agreement to acquire Nordco, a leading North American supplier of new, rebuilt and used maintenance of way equipment with a broad product and service portfolio including mobile railcar movers and ultrasonic rail flaw detection technologies, from Greenbriar Equity Group LP.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-to-acquire-nordco
Wabtec Wins a Significant Order for London Underground

Wabtec Corporation (NYSE: WAB) secured an order to supply Siemens Mobility with several products for the London Underground’s Piccadilly Upgrade Program. The deal, valued at more than $70 million, is for brakes, air conditioning and ventilation (HVAC), passenger information systems, and third-rail current collectors.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-wins-a-significant-order-for-london-underground