Wabtec will make parts for NYC's new subway cars

Wabtec will make brakes and other parts for new NYC subway cars expected in 2015

Associated Press

NEW YORK (AP) -- Wabtec said Wednesday that it's supplying brakes and other parts for New York City subway cars.

The 300 cars, expected in 2015, are being built by Canada's Bombardier in a Plattsburgh, N.Y., plant.

Westinghouse Air Brake Technologies Corp. did not disclose financial terms of its agreement with Bombardier. Bombardier has a $600 million contract with New York's Metropolitan Transportation Authority for the cars.

Shares of Wabtec, which is based in Wilmerding, Pa., gained 74 cents to $89.87 in morning trading.

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