The latest announcement is out from Construcciones y Auxiliar de Ferrocarriles ( (ES:CAF) ).
CAF has been chosen as the preferred bidder by the Belgian railway operator SNCB for a significant contract to supply new AM30 trains. This framework agreement, pending finalization, involves a potential supply of units accommodating up to 170,000 seats, with an initial commitment valued at 1.695 billion euros for units providing 54,000 seats, marking a substantial expansion in CAF’s European market presence.
More about Construcciones y Auxiliar de Ferrocarriles
Construcciones y Auxiliar de Ferrocarriles (CAF) operates in the transportation industry, specializing in the development and manufacture of railway vehicles and equipment. The company focuses on providing advanced train solutions to various international markets, enhancing public transportation systems.
YTD Price Performance: 7.12%
Average Trading Volume: 1,471
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €1.29B
Learn more about CAF stock on TipRanks’ Stock Analysis page.