GE Transportation signs third major deal in recent months

GE signed a $1 billion deal with Ukraine last week. It comes on top of the recent CN order in December and $900 million order for Kazakhstan in January. Why they would want to sell off this division for short term gains to offset the losses at the power division is beyond me.

GE Transportation has signed its third major deal in recent months. This one is worth $1 billion.

GE Transportation has signed a $1 billion framework deal with Ukraine Railways.

Included in that deal is an agreement to provide 30 Evolution series freight locomotives, additional locomotives kits, rehabilitate existing locomotives and provide long-term maintenance services.

Here is the Kazakhstan info which I didn't see posted previously.

GE Transportation wins $900 million order.

GE Transportation has won an order to build 300 shunter locomotives. Although some of the parts will come from Erie, the locomotives will be assembled thousands of miles away in Kazakhstan.

GE Transportation has signed a pair of deals worth more than $900 million with Kazakhstan’s state-run railroad, Kazakhstan Temir Zholy or KTZ.

The contracts include the delivery of 300 shunter locomotives — small locomotives typically used in rail yards or to make short hauls — and an 18-year service agreement to manage the maintenance and repair of 175 passenger GE Evolution locomotives.

Because the real situation at GE is likely a LOT worse than they've been letting on to.

They just restated the last two year's earnings.

The SEC is investigating them.

The DOJ is investigating them.

The situation at Power is probably a lot worse than they want to admit to.

There's been break up talks.

What I wonder is, who the heck would GE sell GETS to? Bombardier can't afford it, Siemens and Alstom don't need it, it doesn't fit with anything CAF or Stadler does. Maybe CCRC, if the Chinese are still in aquisition mode. Or some vulture capital firm.

Nasadowsk wrote: What I wonder is, who the heck would GE sell GETS to? ... Or some vulture capital firm.

Ding ding ding...

According to the Boston Globe, and Wall Street Journal Wabtec is the winner.[URL] https://www-wsj-com.cdn.ampproject.org/ ... 1526904626" onclick="window.open(this.href);return false; [URL]

Apparently, GE has scored another new contract. KCS has ordered 50 new units for delivery next year, which will supposedly be a mixture of Tier 4 Credit and Tier 4 units.