Siemens Wins Billion-Euro Train Contract in Largest Order Ever

By Richard Weiss – Siemens AG (SIE) won an order from German national rail company Deutsche Bahn AG for as many as 300 trains, marking the largest contract to date in the German engineering company’s history.

Deutsche Bahn will buy the ICx-dubbed trains for delivery until 2030, with an initial lot of 130 units. The first two tranches of the order, comprising 220 trains, is worth about 6 billion euros ($8.7 billion). more>



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