Wabtec's $4.2B Kazakhstan Deal: A Locomotive Leap

Wabtec stock surged nearly 6% after securing a record $4.2 billion deal to supply Kazakhstan's railway with 300 locomotives over 10 years, marking its largest contract ever and its first engine production outside the U.S. Citigroup issued a Buy rating, reinforcing the positive outlook for this rail technology and growth stock, which has already more than tripled in value over the past 5 years. Hosted on Acast. See acast.com/privacy for more information.