financetom
Business
financetom
/
Business
/
Alstom wins 2 billion euro deal from New York Metropolitan Transportation Authority
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Alstom wins 2 billion euro deal from New York Metropolitan Transportation Authority
Jul 3, 2025 11:14 PM

(Reuters) -French train maker Alstom said on Friday it had received a 2 billion euro ($2.4 billion) order from the New York Metropolitan Transportation Authority (MTA) to supply M-9A railcars for the Long Island Rail Road and Metro-North Railroad.

The contract, which was announced by MTA in June, will be booked in the second quarter of the 2025/26 fiscal year, Alstom said. 

MTA last month said that pilot railcars from Alstom would be delivered in 2029 and enter passenger service on the Long Island Rail Road in 2030. All 316 railcars that were part of this order were expected to be delivered by 2032, it added.

Those include 160 cars for the Long Island Rail Road and 156 for the Metro-North Railroad. 

MTA Chair and CEO Janno Lieber said in June that the deal was an early step in the agency's plan to purchase nearly 2,000 railcars as part of its $10.9 billion capital plan.

($1 = 0.8486 euros)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Owner of Price Chopper and Tops Friendly Markets explores sale, sources say
Owner of Price Chopper and Tops Friendly Markets explores sale, sources say
Aug 4, 2025
NEW YORK (Reuters) -Northeast Grocery, Inc., the parent company of Price Chopper and Tops Friendly Markets, is exploring a sale, according to three people familiar with the matter.  The company is working with investment bank UBS on the sale process, which is attracting interest from private equity firms and other grocers, the people said, asking not to be named since...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Exclusive-Genstar explores $5 billion sale of automotive software maker OEConnection, sources say
Exclusive-Genstar explores $5 billion sale of automotive software maker OEConnection, sources say
Aug 4, 2025
(Reuters) -Genstar Capital is exploring a sale of OEConnection, which it aims to value the automotive software provider also backed by Ford and General Motors at as much as $5 billion, including debt, people familiar with the matter said. The private equity firm has tapped investment bankers at Evercore to advise on the OEConnection sale process, which is expected to...
Workhorse Stock Jumps After Reviving Merger Talks With Electric Vehicle Maker
Workhorse Stock Jumps After Reviving Merger Talks With Electric Vehicle Maker
Aug 4, 2025
Workhorse Group ( WKHS ) announced on Monday that it has signed a new exclusivity agreement with a privately held U.S.-based electric commercial vehicle manufacturer. The stock gained after the update. This agreement relates to ongoing merger discussions previously disclosed by the company. WKHS stock is on the move, climbing higher. Check the latest price here. Also Read: Workhorse Rebounds...
Copyright 2023-2026 - www.financetom.com All Rights Reserved