Alstom, as part of a consortium, obtained a contract worth $26.8 million from Sao Paulo Metro in Brazil to provide auxiliary systems for the Line 5 extension. The expansion will begin this year, with the first station to be inaugurated by year's end. With the addition of 11 new stations, Line 5 will have a total of 17 stations and enable riders to connect with Lines 1 and 2.
Ansaldo STS, through its Ansaldo STS Espana arm, was awarded a contract for maintenance-of-way traffic control, signaling and associated systems for the Madrid-Puigverd de Lleida high-speed rail line in Spain. The project will link the cities of Madrid and Barcelona with the French border. The two-year contract is worth $36 million, with an option to extended for another six months, according to a company press release.
The Armor Group Inc. has acquired the assets of PQ Shelters in Woodstock, Ill. The acquisition "further strengthens Armor's position as a leader in fabricated shelter and enclosure products, and provides an opportunity to expand into the rail, transit, utility and telecommunications markets," according to a joint press release from the companies.
Avtec and CSX Technology have entered into a multi-year, multi-million-dollar contract to migrate all of CSX Corp.'s mainline dispatching centers to Avtec's Scout with pure-IP radio consoles featuring Enterprise management capabilities, according to an Avtec press release. The project will culminate in hundreds of console positions controlling more than 1,000 radio base stations in 23 states, Washington, D.C., and the Canadian provinces of Ontario and Quebec.
Axion International Holdings Inc. announced the continued advancement of product and performance standards for its ECOTRAX™ composite ties. The "developmental progression is yielding consistently higher performance results" that meet domestic and international standards for ties, Axion officials said in a prepared statement.
Ronald Freeland, former executive secretary and chief executive officer of the Maryland Transportation Authority, has joined Parsons Brinckerhoff as a principal consultant. He will provide executive advisory services to transit and tolling industry clients covering executive leadership, organizational management, public relations, labor relations, operational effectiveness and improvement, asset management, distressed government turnarounds and major project/program development. Freeland has a 25-year career in transportation.
Cubic Corp. reported net income of $12.4 million, or 47 cents per share, in the first quarter of its fiscal-year 2013 compared with $20.7 million, or 77 cents per share, for the same fiscal quarter a year ago. Sales for the quarter, which ended Dec. 31, slipped 1 percent to $313.4 million from $316.8 million. Operating income fell 34 percent to $18.2 million. "While our first quarter reflected some unusual cost items and lower profitability, we continue to make progress on major long-term transit projects and have completed two acquisitions that will provide growth opportunities in our defense and transportation segments in key strategic focus areas," said Chief Executive Officer William Boyle in a prepared statement.
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