Benzinga | Oct 21, 2021 04:10PM EDT

Wabtec Pockets Equipment Contract To Modernize Chicago's Metra Commuter Rail Service

* Westinghouse Air Brake Technologies Corp (NYSE:WAB) received an order to improve passenger experience, reliability, and safety for Metra, the commuter rail system in the Chicago metropolitan area. Financial terms were not disclosed.

* The contract includes the latest brakes, passenger access doors, heating, ventilation, air conditioning (HVAC), and event recorder solutions for 200 new rail cars.

* Wabtec will provide 800 double doorways and 400 single doorways. Wabtec will install 400 passenger HVAC systems with an efficient energy management system.

* Additionally, Wabtec will supply its FastBrake microprocessor-controlled braking system along with the latest generation wheel slide protection to provide optimum stopping distances in adverse conditions.

* Price Action: WAB shares closed lower by 0.41% at $92.97 on Thursday.