WABCO Wins $530 Million in New Business Through 2014
Apr 22, 2009 12:23 PM
WABCO Holdings Inc. (NYSE: WBC) today announced that during 2008 and Q1 2009 WABCO won contracts with customers globally totaling more than $530 million of expected cumulative incremental business for 2010 through 2014.
The company reported that its incremental business during this five-year period includes customer contracts for WABCO’s new generation of single piston NG22MAX Air Disc Brake, featuring the industry’s most effective weight-to-performance ratio for heavy-duty trucks, as well as incremental orders for electronic braking systems, new generation anti-lock braking systems, electronically controlled air suspension systems, compressors, valves and brake products.
“Looking ahead, WABCO’s growth will continue to be powered by an increasing average content per vehicle for our systems and products in every region of the world,” said Jacques Esculier, WABCO Chief Executive Officer. “The suite of 14 new technologies and innovative systems that we introduced in 2008 will also continue to provide new opportunities for incremental revenues as we move through 2009 and beyond.”
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