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Stock Market & Financial Investment News

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March 18, 2014
09:03 EDTSISiemens awarded $225M contract for passenger rail locomotive procurement
Siemens announced that it has been awarded a $225M contract to build 32 diesel-electric locomotives for the Multi-State passenger rail locomotive procurement being led by the Illinois Department of Transportation. The procurement is being done on behalf of the Departments of Transportation from 5 states: Illinois, California, Michigan, Washington and Missouri. The project includes options for 225 additional locomotives. The first locomotives are set to be delivered in 2016.
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