Alstom to Modernize GO Transit Rail Cars in $500 Million Deal

Alstom SA ( (FR:ALO) ) just unveiled an announcement.

Alstom has signed a $500 million CAD agreement with Metrolinx to overhaul and modernize 181 Bi-Level commuter rail cars for Ontario’s GO Transit. This project, starting in 2026 at the Thunder Bay facility, will support 250 high-skilled jobs until at least 2030, and is part of Alstom’s ongoing efforts to enhance transit service in the Greater Toronto and Hamilton Area with upgraded amenities.

More about Alstom SA

Alstom is a global leader in smart and sustainable mobility, providing rolling stock, signaling, maintenance, and rail operation services. The company has been a long-term partner to Metrolinx, serving Ontario’s public transit needs for nearly five decades.

YTD Price Performance: -8.01%

Average Trading Volume: 241,620

Technical Sentiment Consensus Rating: Hold

Current Market Cap: €9.23B

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