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Wabtec Receives $85 Million Locomotive Order From Canadian Transit Operator

February 10, 2009 (FinancialWire) -- Wabtec Corp. (NYSE: WAB) (Current Market Cap: US$1.52 Bil.) said that its MotivePower subsidiary has been awarded an option order to build an additional 20 MPXpress commuter locomotives for Go Transit, a commuter rail and transit system in Ontario, Canada, for $85 million.

The contract is in addition to an original order for 27 locomotives, which have already been delivered. The additional locomotives, which will be built at MotivePower's Boise, Idaho facility, are scheduled to be delivered in late 2009 and 2010. The locomotives will contain a number of components produced by other Wabtec subsidiaries, including braking equipment, relays, contactors, air compressors, brake shoes and radiators.

Wabtec introduced the MPXpress model in 2003.

Wilmerding, Pennsylvania-based Wabtec Corporation is a global provider of value-added, technology-based products and services for the rail and transit industry. 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.

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