WABCO Holdings (WBC) Gets $570M in New Incremental Business Contracts
Tweet
Share
E-mailGet Alerts WBC Hot Sheet
Join SI Premium – FREE
WABCO Holdings Inc. (NYSE: WBC), announced that from Q2 2011 to Q1 2012 the company has entered into contracts with customers globally totaling $570 million of expected cumulative incremental business from 2012 through 2016.
These contracts represent new incremental business for the five-year period, separate from replacement and renewal of existing contracts. It comprises orders mostly for WABCO technologies for air management, braking systems and vehicle dynamics systems on commercial vehicles.
This new business further supports that WABCO's sales growth from 2012 through 2016 is expected to outperform market growth of global truck and bus production by a compound annual growth rate (CAGR) of 8 to 10 percent, as disclosed a year ago.
These contracts represent new incremental business for the five-year period, separate from replacement and renewal of existing contracts. It comprises orders mostly for WABCO technologies for air management, braking systems and vehicle dynamics systems on commercial vehicles.
This new business further supports that WABCO's sales growth from 2012 through 2016 is expected to outperform market growth of global truck and bus production by a compound annual growth rate (CAGR) of 8 to 10 percent, as disclosed a year ago.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Waystar names new product chief and promotes commercial head
- Advasa Holdings lists on Nasdaq under ticker ADBT
- First Majestic files NI 43-101 technical report for Los Gatos mine
Create E-mail Alert Related Categories
Corporate NewsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
