Wabtec to Provide NHL With Electric Drive Systems for New Order in Australia
Westinghouse Air Brake Technologies Corporation (WAB)
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Source: Business Wire
Deal includes 28 360-ton integrated electric drive systemsSystem enables NHL trucks to carry up to 400 tons PITTSBURGH--(BUSINESS WIRE)--Wabtec (NYSE: WAB), announced today it will supply Inner Mongolia North Hauler Joint Stock Co., Ltd. (NHL), a leading mining truck manufacturer in China, with 28 360-ton premium integrated electric drive systems, to support the company’s 360T mining truck contract with Yancoal in Australia. The systems will help Yancoal’s mining fleet achieve increased productivity and speed on grade performance and help reduce fuel costs and equipment wear.“We are proud to partner with NHL and support their growth,” said Bappa Banerjee, Wabtec’s General Manager of Mining Equipment. “These integrated electric drive systems will improve the performance of their mining trucks by reducing fuel costs and increasing reliability, giving their customers a distinct sustainable cost advantage over the service lifetime of their trucks.”“By combining NHL’s strong manufactur
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News
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- Westinghouse Air Brake Technologies Co. (NYSE: WAB) had its price target raised by analysts at KeyCorp from $155.00 to $185.00. They now have an "overweight" rating on the stock.MarketBeat
- Westinghouse Air Brake Technologies Co. (NYSE: WAB) had its price target raised by analysts at Stephens from $165.00 to $180.00. They now have an "overweight" rating on the stock.MarketBeat
- Westinghouse Air Brake Technologies Corporation (NYSE:WAB) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
WAB
Earnings
- 4/24/24 - Beat
WAB
Sec Filings
- 4/25/24 - Form 144
- 4/25/24 - Form 144
- 4/25/24 - Form 144
- WAB's page on the SEC website