Siemens, Leonhard Weiss win $2.9bn Deutsche Bahn technology contract [Yahoo! Finance]
SIEMENS AG SPONS ADR (SIEGY)
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Source: Yahoo! Finance
Railway Technology GlobalData Fri, February 14, 2025 at 5:30 PM GMT+1 2 min read In This Article SIEGY Siemens Mobility, in a consortium with Leonhard Weiss, has secured a €2.8bn ($2.9bn) contract from Deutsche Bahn (DB) to supply modern control and safety technology. This first volume contract represents a “substantial share” of DB's total contract volume of €6.3bn ($6.5bn). The agreement ensures the capacity to deliver new digital signalling technology, with the first call-offs anticipated as early as spring 2025. This single, comprehensive, long-term volume contract replaces the traditional approach of multiple individual contracts and call-offs. The new contractual model offers various benefits, enabling the industry to develop platform solutions with standard interfaces and to build up the necessary resources with certainty. Furthermore, the timeframe for ordering, planning, construction, and commissioning is expected to be reduced from the typical eight ye
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