Wabtec secures >$1B deal with Union Pacific for 600 locomotive modernizations

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP

Agreement worth over $1 billion, largest locomotive modernization order in rail history.
Wabtec will modernize 525 AC4400/AC6000 and 75 Dash-9 locomotives; deliveries start 2023.
Modernizations expected to improve fuel efficiency up to 18% and reliability by >80%.
Projected annual carbon reduction of 210,000 tons, equivalent to removing 45,000 passenger cars.
Third major UP modernization order since 2018; total modernizations exceed 1,030 by 2025.

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