Key Takeaways Wabtec signed a $4.2B multi-year locomotive deal with Kazakhstan's national railway KTZ.This deal boosts WAB's competitive position as a rail technology partner and innovator in the industry.Through this deal, WAB aims to offer Evolution Series locomotives and long-term maintenance services to KTZ.Wabtec Corporation(WAB) is strengthening its operations through strategic agreements. To this end, Wabtec has inked a multi-year locomotive deal worth $4.2 billion with National Company Kazakhstan Te ...

Westinghouse Air Brake Technologies (WAB) shares ended the last trading session 4.9% higher at $197.96. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 3.6% loss over the past four weeks.The upside can be attributed to Wabtec's recently announced agreement with National Company Kazakhstan Temir Zholy (the national railway of Kazakhstan), aimed at providing Evolution Series locomotives and long-term service support. ...

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) announced today a landmark agreement with National Company Kazakhstan Temir Zholy (KTZ), the national railway of Kazakhstan, to deliver Evolution Series locomotives and provide long-term service support. The multi-year order, valued at $4.2 billion, marks the largest locomotive agreement in Wabtec's history. "For over two decades, our partnership with KTZ has been critical in transforming Kazakhstan's rail industry,†said Rafael Santan. ...