Wabco Holdings Inc. has disclosed that - from Q2 2016 to Q1 2017 - it has entered into contracts in local currencies with customers worldwide that total $1.2 billion of expected cumulative incremental business. These awards include $746 million in new business earmarked from 2017 through 2021 inclusive.
These contracts represent new incremental business for WABCO that is separate from replacement and renewal of existing contracts. It comprises orders for WABCO products that improve vehicle safety, efficiency and connectivity, such as transmission automation technologies, modular braking system platforms (mBSP), electronic suspension systems, actuators and braking solutions, and fleet management systems on commercial vehicles, alongside vacuum pumps for passenger cars.
"These new contracts significantly contribute to WABCO's ongoing ability to generate sales growth that outperforms the commercial vehicle market relative to global truck and bus production," said Jacques Esculier, WABCO Chairman and Chief Executive Officer. "We expect to outperform our market on average from 6 to 10 percent through 2021, taking into account that future new truck and bus builds globally appear to remain sluggish."
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