Wabtec Signs $4.2B Locomotive Deal with Kazakhstan Supporting 11,000 US Jobs
Wabtec Signs $4.2B Locomotive Deal with Kazakhstan Supporting 11,000 US Jobs

Wabtec Signs $4.2B Locomotive Deal with Kazakhstan Supporting 11,000 US Jobs

News summary

The United States and Kazakhstan have signed a significant $4 billion locomotive supply agreement, following discussions between U.S. President Donald Trump and Kazakhstan President Kassym-Jomart Tokayev. This deal, announced by U.S. Commerce Secretary Howard Lutnick, will see American company Wabtec supplying 300 locomotives over the next decade, supporting approximately 11,000 American jobs, particularly in Texas and Pennsylvania. The locomotives will enhance connectivity across Europe and Asia by linking the strategic Middle Corridor trade route, with American technology central to the project. Despite previous tariffs placed by President Trump on Kazakhstan, the agreement reflects a willingness from both sides to engage in constructive trade dialogue and strengthen bilateral relations. The deal has boosted Wabtec's stock and is viewed as a major success for American innovation and manufacturing. Details about other U.S. companies involved remain undisclosed.

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