Faiveley Transport Signs Contracts To Provide Comp

WILMERDING, Pa., Oct. 10, 2017 (GLOBE NEWSWIRE) -- Faiveley Transport, a subsidiary of Wabtec Corporation (NYSE: WAB ), has been awarded contracts worth more than $100 million by Alstom and Bombardier Transportation to supply systems for the first 71 train sets of the new generation of double deck trains for Paris.  The trains will eventually run on lines D and E of the Paris network.

Under the contracts Faiveley Transport will provide complete braking systems (air generation, brake control and bogie brakes), door systems, HVAC systems (cabin and saloon heating, ventilation and air conditioning), pantographs and tachometer systems.  The scope of supply includes the study, design, engineering, manufacture and delivery of the rail systems, which will involve Faiveley operating units in France, Germany, Italy, Sweden, and the Czech Republic. Deliveries are expected to start by September 2018 and to be completed by 2022.

As part of a framework contract for up to 255 trains, the first 71 trains were ordered earlier this year by SNCF, the French national railway, with a consortium of Alstom-Bombardier. These trains, which consist of 56 six-car and 15 seven-car sets, will be able to transport up to 1,860 passengers and are expected to provide greater comfort, functionality and reliability for passengers.

Raymond T. Betler, Wabtec’s president and chief executive officer, said:  “We are proud to have been selected by Alstom and Bombardier Transportation to be involved in the new generation of trains for the SNCF network. This represents a great success for Wabtec and Faiveley Transport, with all of our major product lines represented on-board the new trains.  We believe this project will enable us to further develop our collaboration with Alstom, Bombardier Transportation, and SNCF while providing innovative railway solutions.”

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.

Tim Wesley

Phone: 412.825.1543 E-mail: twesley@wabtec.com Website: www.wabtec.com

Wabtec Corporation 1001 Air Brake Avenue Wilmerding, PA 15148