PITTSBURGH — Wabtec Corp. announced the sale of its largest order to date of its battery-electric locomotives as part of a deal that will see Union Pacific Railroad obtain 10 of Wabtec’s FLXdrive train engines. Wabtec said the deal marks the largest investment in battery technology by a North American railroad company in history.
The order comes just a few weeks after Pittsburgh-based Wabtec (NYSE: WAB) sold several of its FLXdrive locomotives to two Australian companies; BHP Western Australia Iron Ore announced on Jan. 16 that it ordered two FLXdrives and Rio Tinto — the second-largest metals and mining company in the world behind the aforementioned BHP Group (NYSE: BHP), announced on Jan. 10 that it ordered four FLXdrives from Wabtec.
Read more in the Pittsburgh Business Times.
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