NYSE:WABMachinery
Wabtec Settlement With Progress Rail Clears Path For Rail Growth
Wabtec (NYSE:WAB) and Progress Rail have reached a settlement that ends their legal dispute.
The agreement closes out ongoing litigation between the two locomotive suppliers.
The resolution removes a source of legal uncertainty for Wabtec's rail business.
Wabtec, listed as NYSE:WAB, is a major supplier of locomotive equipment and rail technologies, so legal friction with another large supplier has been closely watched by customers and partners. With the dispute now settled, attention can...