Press Releases

Wabtec Wins Federal Order for Advanced Marine Engines on New Multi-Use Ships

Wabtec Corporation (NYSE: WAB) announced today its first U.S. Government order for marine engines with advanced emissions reduction technology. The deal is worth more than $10 million and marks Wabtec’s 100th order for EPA Tier 4 compliant marine engines. The Wabtec 16V250 Series Marine Diesel Engines will be used aboard the U.S. Maritime Administration’s two new National Security Multi-Mission Vessels (NSMVs). The vessels represent the first two of a planned five-ship NSMV fleet.
Wabtec Wins Drill Motor Deal with Megha Engineering & Infrastructure Limited

Wabtec (NYSE: WAB) and infrastructure company Megha Engineering & Infrastructure Limited (MEIL) announced an agreement for 143 AC drill motors to support an upcoming onshore rig replacement project for India’s state-owned petroleum explorer, Oil and Natural Gas Corporation’s (ONGC). The deal will support ONGC in its efforts to replace their aging fleet of onshore drilling rigs.
Wabtec Gains Momentum in Marine Industries with Two New Orders

Wabtec Corporation (NYSE: WAB) announced today engine orders with two leading companies in the marine industry. The deals build upon the company’s position in the maritime market.
Wabtec Completes Successful Merger With GE Transportation

Wabtec Corporation (NYSE: WAB) announced today it has completed its merger with GE Transportation, a former business unit of GE (NYSE: GE). This merger establishes Wabtec as a Fortune 500, global transportation and logistics leader by combining Wabtec’s broad range of freight, transit and electronics products with GE Transportation’s best-in-class equipment, services and digital solutions in the locomotive, mining, marine, stationary power and drilling industries. Wabtec has also been notified that it will now be included in the S&P 500 Index.
Wabtec and GE Modify Terms of Transaction, Expect to Close by End of February 2019

Wabtec Corporation (NYSE: WAB) and GE (NYSE: GE) announced today they have modified the terms of their merger agreement and today will publicly file S4 and S1 registration statements, respectively, with the U.S. Securities and Exchange Commission (SEC).
Wabtec AND GE Announce U.S. Department of Justice has Closed its Review of Pending Merger of Wabtec and GE Transportation

Wabtec Corporation (NYSE: WAB) and General Electric Company (NYSE: GE) announced today that the U.S. Department of Justice (DOJ) has closed its review of the pending merger of Wabtec and GE Transportation, a business unit of GE. The merger is expected to create a stronger, more diversified transportation and logistics company.
First GE Transportation Locomotive Enters Service with Ukrainian Railways

GE Transportation (NYSE:GE) and Ukrainian Railways today celebrated a major accomplishment as the first Evolution Series locomotive entered service in Ukraine, part of an ongoing cooperative effort to comprehensively upgrade the country’s diesel-electric rail fleet. The project goal is to modernize Ukraine’s transportation infrastructure and help accelerate long-term economic growth.
GE Transportation’s “Mission Control” for Locomotives Marks 20-Year Anniversary

GE Transportation (NYSE: GE) marked the 20-year anniversary of its best kept secret, the Global Performance Optimization Center. Since opening two decades ago, this “mission control” capability transformed how the rail industry worldwide maintains and manages its locomotive fleet and maintenance resources.
GE Transportation Announces First Locomotive Deal in Moldova to Improve Fleet Reliability and Availability

Moldovan Railways (CFM) has selected GE Transportation(NYSE:GE) to supply 12 Evolution Series locomotives, as well as parts, training and services. This is the first locomotive order in Moldova for GE Transportation and marks a significant step as the country seeks to upgrade its existing fleet to haul freight trains, primarily carrying grain and ore, as well as passenger trains.
GE Transportation Announces New High-Speed Engine Program

GE Transportation (NYSE:GE) announced today at InnoTrans 2018 a new high-speed diesel engine program, which will serve the locomotive, marine and power generation segments. The engine platform will provide improved fuel efficiency and reliability, as well as lower lifecycle costs.
GE Transportation and TÜLOMSAŞ Secure First Locomotive Order by Turkish Private Operator Korfez Ulastirma, the logistics affiliate of Tüpra

GE Transportation (NYSE:GE) will supply five diesel-electric locomotives to Korfez Ulastirma A.Ş., the subsidiary of Turkey’s largest refinery, Tüpraş, operating in railway transportation.
CN Orders 60 More Locomotives from GE Transportation

GE Transportation (NYSE:GE) announced today that CN (TSX: CNR) (NYSE: CNI) will acquire 60 additional locomotives, expanding the class I’s 200-unit order placed in December 2017.
GE Transportation Technology Pilot Project Begins at Port of Long Beach to Improve Cargo Flow

A pilot project between GE Transportation (NYSE:GE) and the Port of Long Beach to enhance advance planning at the busiest port complex in North America is officially underway. Over the next two months, stakeholders across the Port will use GE’s Port Optimizer™ software to access data that will allow them to move cargo containers more efficiently.
GE Transportation Secures First Locomotive Deal in Chile to Continue Growth in South American Market

GE Transportation (NYSE: GE) will supply Chilean private transport provider FCAB – Ferrocarril de Antofagasta with five diesel-electric locomotives in 2019. This is the first deal between the two partners and includes a parts, service and warranty agreement.
GE Transportation Celebrates First Ukrainian Railways Locomotive to Roll Off the Line

GE Transportation (NYSE:GE) and Ukrainian Railways celebrated today the first GE Evolution Series locomotive to be built as part of a framework agreement signed in early 2018. It is the first of 30 locomotives that are being built this year in support of the railroad’s effort to upgrade its fleet. Other items of exploration under the framework agreement include additional locomotives over 10 years, the modernization of locomotives in the railway’s legacy fleet, as well as long-term maintenance services.