Press Releases

GE Transportation (NYSE:GE) signed a $1 billion framework agreement in Ukraine, marking a major milestone in the country’s efforts to modernize its transportation infrastructure and strengthen its position as a key European rail hub and trade corridor. The agreement, which is the largest ever for GE in the country, includes the supply of 30 GE Evolution Series freight locomotives to Ukrainian Railways, as well as additional locomotive kits over 10 years, the rehabilitation of locomotives in the railway’s legacy fleet, and long-term maintenance services. Ukrainian President Petro Poroshenko presided over the signing ceremony alongside Rafael Santana, President & CEO of GE Transportation.

GE today announced the delivery of two 4,500-horsepower diesel-electric Evolution series locomotives to Indian Railways in the presence of Shri Ashwani Lohani, Chairman of the Indian Railway Board and senior dignitaries from Indian Railways at an event in Lucknow.

Wabtec Corporation (NYSE: WAB) today reported results for the 2017 fourth quarter and full year, and issued 2018 financial guidance.

Wabtec Corporation (NYSE: WAB) has signed a contract worth about $62 million to design, install, test and commission Positive Train Control (PTC) for the Central Florida Rail Corridor (CFRC), which operates the SunRail commuter rail service.

Wabtec Corporation (NYSE: WAB) today announced an estimate of the impact of U.S. tax reform and its preliminary 2017 fourth quarter results.

GE Transportation’s plant in Contagem, Brazil (MG) unveiled today a new approach to manufacturing locomotives with a mixed-model moving assembly line. This Lean Manufacturing system, one of the first in the industry, is a more efficient and sustainable approach to locomotive production. Unlike traditional stationary production lines, the mixed-model moving line is designed for employees to assemble different locomotive configurations on the same line as the units slowly move down the track.

Wabtec Corporation (NYSE: WAB) declared its regular quarterly dividend of 12 cents per share, payable on Feb. 23, 2018 to holders of record on Feb. 9, 2018.

GE Transportation (NYSE:GE) signed two contracts, valued at over $900 million, with Kazakhstan’s state-run railroad Kazakhstan Temir Zholy (KTZ)—the company’s largest international rail customer—as part of its long-term commitment to develop the country’s railway infrastructure. The contracts include the delivery of 300 shunter locomotives and an 18-year service agreement to manage the maintenance and repair of 175 passenger Evolution™ Series locomotives.

Wabtec Corporation (NYSE: WAB) has appointed Donald M. Itzkoff as Vice President, Government Relations and Public Affairs. Itzkoff comes to Wabtec from General Electric Company, where he led U.S. government affairs for GE Transportation. He previously served as Deputy Federal Railroad Administrator in the Clinton administration and earlier was senior majority counsel with the U.S. Senate Committee on Commerce, Science, and Transportation.