Wabtec stock gets a USD 700 million rail services deal

Wabtec stock stood at USD 292.31 on the NYSE on September 23, 2026, while the rail equipment maker announced a USD 700 million-plus services agreement for Guinea's Simandou project. The contract gives Wabtec responsibility for multi-year maintenance and support across a 600-kilometer railway.

USD 700 million deal expands services

According to Business Wire, Wabtec will support La Compagnie du TransGuineen's fleet of Evolution Series locomotives with scheduled and unscheduled maintenance, parts management, logistics, training and remote diagnostics.

The agreement is Wabtec's largest services contract in Africa. Together with 2024 locomotive orders, the Simandou project now represents more than USD 1.2 billion in Wabtec business, creating a larger installed base for recurring service revenue.

Q2 sales rise 17.5 percent

Wabtec's second-quarter 2026 sales reached USD 3.18 billion, up 17.5 percent from the same quarter a year earlier, according to Business Wire. GAAP earnings per diluted share rose 18.9 percent to USD 2.33, while adjusted earnings per diluted share increased 21.6 percent to USD 2.76.

Cash from operations totaled USD 441 million in Q2 2026. The combination of higher sales, improved earnings and a contract tied to long-term fleet support shifts attention toward execution and the conversion of equipment placements into service revenue.

Wabtec stock holds above USD 292

Wabtec stock was trading at USD 292.31 on September 23, 2026, up 0.90 percent on the session. The 52-week range was USD 186.06 to USD 306.64, placing the stock 4.71 percent below its yearly high.

The market capitalization stood at USD 49,374,374,410 on September 23, 2026. The price sits closer to the 52-week high than the low, while the Guinea agreement adds a dated operating milestone to the Q2 financial figures.