Wabtec Rubber Products
Greensburg, PA 15601
FRA Approves Product Safety Plan for Wabtec's ETMS(TM) Train Control Solution
WILMERDING, PA, January 10, 2007 - Wabtec Corporation (NYSE: WAB) said the Federal Railroad Administration (FRA) has approved a Product Safety Plan that will allow BNSF Railway Company to begin implementing Wabtec's Electronic Train Management System(TM) (ETMS(TM)) on portions of BNSF's network. The approval is the first provided by the FRA for a train control system under recently revised...
Read More »Wabtec Awarded $8 Million Contract to Remanufacture Switcher Locomotives for New Jersey Transit
WILMERDING, Pa., July 21, 2006 -- Wabtec Corporation (NYSE: WAB) today announced that its MotivePower subsidiary has been awarded an $8 million contract by New Jersey Transit Corporation to supply five clean-diesel switcher locomotives operating at the Environmental Protection Agency's Tier 2 emissions levels. The locomotives, which will be remanufactured at MotivePower's Boise, Idaho facility,...
Read More »Wabtec Signs Contract to Provide ETMS® to Metra Commuter Railroad
WILMERDING, Pa., November 6, 2006 - Wabtec Railway Electronics, a subsidiary of Wabtec Corporation (NYSE: WAB), has signed a contract to provide its Electronic Train Management System-® (ETMS-®) to Metra, the regional commuter railroad serving Chicago. Under the contract, Wabtec will install ETMS on 24 locomotives and 24 passenger cars used on the Rock Island line, which makes up about 10...
Read More »Wabtec Signs Contracts to Build Commuter Locomotives for Transit Agencies
Orders Valued At $180 Million Including Options WILMERDING, Pa., June 12, 2006 -- Wabtec Corporation (NYSE: WAB) today announced that its MotivePower subsidiary has signed contracts to build MPXpress-® commuter locomotives for the Utah Transit Authority (UTA) and Southern California Regional Rail Authority (SCRRA) as part of a multi-city, commuter agency procurement. Under the contracts, 11...
Read More »Wabtec Shareholders Elect Three Directors
WILMERDING, PA, May 16, 2007 - Shareholders of Wabtec Corporation elected three directors to three-year terms at the company's annual meeting in Pittsburgh today. Directors elected were: William E. Kassling, chairman of the board; Robert J. Brooks; and Albert J. Neupaver, the company's president and chief executive officer. Wabtec Corporation is a global provider of value-added, technology-based...
Read More »FRA Approves Product Safety Plan for Wabtec's ETMS(TM) Train Control Solution
WILMERDING, PA, January 10, 2007 - Wabtec Corporation (NYSE: WAB) said the Federal Railroad Administration (FRA) has approved a Product Safety Plan that will allow BNSF Railway Company to begin implementing Wabtec's Electronic Train Management System(TM) (ETMS(TM)) on portions of BNSF's network. The approval is the first provided by the FRA for a train control system under recently revised...
Read More »Wabtec Awarded $8 Million Contract to Remanufacture Switcher Locomotives for New Jersey Transit
WILMERDING, Pa., July 21, 2006 -- Wabtec Corporation (NYSE: WAB) today announced that its MotivePower subsidiary has been awarded an $8 million contract by New Jersey Transit Corporation to supply five clean-diesel switcher locomotives operating at the Environmental Protection Agency's Tier 2 emissions levels. The locomotives, which will be remanufactured at MotivePower's Boise, Idaho facility,...
Read More »Wabtec Signs Contract to Provide ETMS® to Metra Commuter Railroad
WILMERDING, Pa., November 6, 2006 - Wabtec Railway Electronics, a subsidiary of Wabtec Corporation (NYSE: WAB), has signed a contract to provide its Electronic Train Management System-® (ETMS-®) to Metra, the regional commuter railroad serving Chicago. Under the contract, Wabtec will install ETMS on 24 locomotives and 24 passenger cars used on the Rock Island line, which makes up about 10...
Read More »Wabtec Signs Contracts to Build Commuter Locomotives for Transit Agencies
Orders Valued At $180 Million Including Options WILMERDING, Pa., June 12, 2006 -- Wabtec Corporation (NYSE: WAB) today announced that its MotivePower subsidiary has signed contracts to build MPXpress-® commuter locomotives for the Utah Transit Authority (UTA) and Southern California Regional Rail Authority (SCRRA) as part of a multi-city, commuter agency procurement. Under the contracts, 11...
Read More »Wabtec Acquires Schaefer Equipment, Inc., the Leading Manufacturer of Forged Brake Rigging Components
WILMERDING, Pa., October 9, 2006 -- Wabtec Corporation (NYSE: WAB) today announced that it has acquired Schaefer Equipment, Inc., the leading manufacturer of forged brake rigging components for freight cars, for $36 million in cash. Based in Warren, Ohio, Schaefer Equipment has annual sales of about $30 million. Wabtec expects the transaction to be accretive immediately. With its world-class...
Read More »Wabtec Signs $27 Million Contract to Refurbish Passenger for High-Speed Trains Operated by U.K.-Based GNER
WILMERDING, Pa., August 15, 2006 -- Wabtec Corporation (NYSE: WAB) today announced that its Wabtec Rail subsidiary has signed a $27 million contract to refurbish 103 passenger cars for high-speed trains operated by Great North Eastern Railway Limited (GNER) of London. The project will begin immediately, with deliveries scheduled for 2007-08. This contract represents an important milestone in the...
Read More »Wabtec Completes Acquisition of Becorit GmbH, A Leading European Rail Equipment Manufacturer
WILMERDING, Pa., December 4, 2006 -- Wabtec Corporation (NYSE: WAB) has completed the acquisition of Becorit GmbH, a leading manufacturer of technology-based friction products for the European railway industry, for $52.2 million in cash. Last week, Wabtec announced that it had signed a definitive agreement to acquire the company from U.K.-based BBA Aviation plc. Wabtec expects the acquisition to...
Read More »Wabtec Declares Regular Quarterly Dividend
WILMERDING, Pa., November 3, 2006 -- Wabtec Corporation (NYSE: WAB) today announced the declaration of its regular quarterly dividend of 1 cent per share, payable on November 30, 2006, to holders of record on November 16, 2006. Wabtec Corporation (www.wabtec.com) is a global provider of value-added, technology-based products and services for the rail industry. Through its subsidiaries, the...
Read More »Wabtec Names Vice President of Corporate Development
WILMERDING, Pa., September 12, 2006 -- Wabtec Corporation (NYSE: WAB) today announced that R. Mark Cox has been named vice president of Corporate Development, effective immediately. Cox, 38, has 11 years of experience in mergers and acquisitions, most recently as director of Business Development for the Electrical Group of Eaton Corp. We're excited that Mark has joined our Executive Office team,...
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