Comment on Wabtec inks $30M positive train control deal

Wabtec inks $30M positive train control deal

Wabtec Corp. has signed a $30 million deal with Parsons Transportation Group for a positive train control system for the Northern Indiana Commuter Transportation District. Positive train control is a high-tech solution to stop trains before some accidents occur, and it's an emerging business in the railroad industry and for Wabtec (NYSE: WAB).

 

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