07:16 AM EDT, 03/11/2024 (MT Newswires) -- New Flyer of America Inc., a subsidiary of NFI Group Inc. ( NFYEF ) and a North America manufacturer of heavy-duty transit buses, on Monday announced that that it has been awarded two new contracts from the New York City Transit Authority (NYCT) including firm orders for 429 Xcelsior buses (671 equivalent units or EUs) with options to purchase up to 1,661 additional buses (2,379 EUs) over the next five years.

In total, the two contracts add 3,050 EUs to NFI's first quarter 2024 backlog.

NYCT is part of the Metropolitan Transportation Authority (MTA), the largest transit authority in North America with an annual ridership of more than 425 million. In 2023, the MTA placed an emphasis on environmental goals, including a commitment to reduce greenhouse gas emissions by 85% between their 2015 baseline and the year 2040, the statement noted.