Wabtec has shown robust business activity across multiple areas. It acquired Evident's Inspection Technologies Division while also making a $1.78-billion strategic expansion. Adding to Wabtec's growth trajectory, a $248-million locomotive order was secured from Winning Consortium and in Guinea, boosting Wabtec's global footprint. Furthermore, a $405-million dollar deal was finalized with Kazakhstan Temir Zholy.
Despite missing Q3 sales targets, its stock reached a 52-week high and even got upgraded to Strong Buy, with stock purchase from NYSE:WAB and Sen. Markwayne Mullin. A bullish stance on Wabtec is also supported by it earning high scores on the Disability Equality Index and greenlight on hybrid battery-diesel work locomotives for New York Subway System’s Maintenance operations.
Importantly, Wabtec's advanced collision avoidance system implemented at Glencore Coal Site and expansion of locomotive services capabilities in India highlight technological advances and geographical expansion. In addition to this, Wabtec's proactive innovation approach gets reflected by inaugurating a new manufacturing campus in India and enhancing its cybersecurity.
Wabtec WAB News Analytics from Mon, 12 Feb 2024 08:00:00 GMT to Sat, 01 Feb 2025 17:47:55 GMT - Rating 7 - Innovation 8 - Information 9 - Rumor 5
