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| Name | Symbol | Market | Type |
|---|---|---|---|
| Hitachi Ltd (PK) | USOTC:HTHIY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 5.52 | 2.68% | 211.045 | 210.55 | 211.54 | 211.89 | 209.00 | 209.00 | 12,787 | 16:34:59 |
From Jun 2021 to Jun 2024
By Cecilia Butini
Alstom SA and Hitachi Ltd have won a contract to build and maintain high speed trains in the U.K. for almost 2 billion pounds, or around $2.6 billion, the French train maker said Thursday.
The GBP1.97 billion contract, which was signed through the Hitachi-Alstom High Speed joint venture, is for the first phase of High Speed 2, a project to build a new high-speed railway in the country.
The two companies will provide building, design and maintenance of the trains, and their commitment also includes an initial 12-year maintenance contract, Alstom said.
The company said that the contract with High Speed 2 is expected to create more than 2,500 jobs, plus a further 2,000 indirect jobs to be created elsewhere in the U.K. economy.
Write to Cecilia Butini at cecilia.butini@wsj.com
(END) Dow Jones Newswires
December 09, 2021 06:40 ET (11:40 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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