Wabtec Secures Multi-Year Order From Norfolk Southern To Modernize 330 Locomotives

Wabtec or Westinghouse Air Brake Technologies Corp WAB received an additional multi-year order from Norfolk Southern Corp. NSC to modernize 330 locomotives as part of its continued partnership. Financial terms were not disclosed.
The deal marks the third significant modernization order from the railroad since 2015, with more than 950 locomotives upon completion in 2025.
Wabtec will modernize D9-44CW locomotives that are more than 20 years old and transform them into AC44C6Ms, adding another 20 years of incremental life to each locomotive.
The modernizations will yield significant dividends per locomotive, including improved fuel efficiency by 25%.
Price Action: NSC shares are trading lower by 0.34% at $278.00 and WAB higher by 0.20% at $95.88 on the last check Wednesday.