March 24, 2009 (FinancialWire) -- Wabtec Corp. (NYSE: WAB) said that it has received option orders worth about $75 million to supply components for New York City subway cars being purchased under the Metropolitan Transit Authority's R-160 program.

The orders represent components for the second option order of 382 cars, which are to be delivered over the next two years.

Under the R-160 program, New York City has now ordered 1,662 cars, which are being built by Alostom Transportation and Kawasaki. Wabtec has been supplying components for the previous cars and will now provide the same components for the 382 option cars.

Wilmerding, Pennsylvania-based Wabtec is a provider of products and services for the rail and transit industry. Through its subsidiaries, the company manufactures a range of products for locomotives, freight cars and passenger transit vehicles.

The company also builds new switcher and commuter locomotives, and provides aftermarket services.

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