Wabco wins $745M in new business in past four quarters
WABCO Holdings disclosed that - from Q2 2017 to Q1 2018 - it has entered into contracts in local currencies with customers worldwide that total $745M of expected cumulative incremental business. These awards specify $502M in new business earmarked from 2018 through to 2022 inclusively. Representing new incremental business for WABCO, these contracts are separate from revenues gained from the replacement and renewal of existing contracts. It comprises orders for WABCO products that improve vehicle safety, efficiency and connectivity, including actuators and air disk braking solutions, steering technologies, electronic suspension systems, transmission automation and industry-leading fleet management solutions that provide advanced connectivity between trucks, trailers, drivers and fleet managers.