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Name Symbol Market Type
Siemens AG (PK) USOTC:SIEGY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -1.40 -2.57% 53.00 52.75 55.76 53.6201 52.82 53.62 239,253 21:59:53

Siemens to Supply 50 Hybrid Locomotives to Amtrak as Part of $2 Billion Contract

23/06/2022 1:54pm

Dow Jones News


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By Maitane Sardon

 

Siemens AG said Thursday that it had received an order from America's passenger rail company Amtrak for 50 of its diesel-electric passenger locomotives.

The German conglomerate said the order is part of a $2 billion contract that includes a previous order of 75 locomotives that entered service earlier this year, and an agreement for technical support, spare parts, and material supply.

The 125 locomotives, which will be in service by 2029, feature more efficient engines and emit fewer carbon emissions than older locomotives, Siemens said.

 

Write to Maitane Sardon at maitane.sardon@wsj.com

 

(END) Dow Jones Newswires

June 23, 2022 08:39 ET (12:39 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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