GE Transportation, a division of
General Electric Company
), was recently selected by Singapore's Land Transport Authority
(LTA) to supply signaling solutions for the Thomson (TSL) and
Eastern Region (ERL) lines based on its Tempo portfolio for $126
Set to continue with the expansion of Singapore's rail network,
LTA's Thomson Line is a 30km underground train line, which will
include 22 stations and 6 interchange stations with completion
expected in 2021. The Eastern Region Line will run together with
the Thomson Line as an integrated line.
As a part of this deal, General Electric will provide the Tempo
Communication-Based Train Control (CBTC) and Computer-Based
Interlocking (CBI) systems for TSL and ERL lines to enhance rail
connectivity. This includes the design, manufacturing, supply,
installation, testing and commissioning of the signaling system.
The Tempo CBTC Solution provides smart solutions for the urban
transit operators to improve operations and service.
To simplify railway and mass transit signaling, GE Transportation
is already using industrial Internet. With such improvisations,
the company aims to reduce life-cycle costs and address the
service and operational challenges by providing effective
signaling solutions. Proper signaling solutions are likely to
shorten journey times and significantly enhance the connectivity
of the rail network.
General Electric is one of the most diversified technologies and
financial service corporations in the world. Its segments include
Power & Water, Oil & Gas, Energy Management, Aviation,
Healthcare, Transportation, Home & Business Solutions, and GE
GE Transportation provides technology solutions for customers in
a variety of industries, such as railroad, marine, drilling, wind
and mining. This business provides freight and passenger
locomotives, railway signaling and communications systems,
information technology solutions, marine engines, motorized drive
systems for mining trucks and drills, high-quality replacement
parts and value added services.
General Electric currently has a Zacks Rank #3 (Hold). Other
stocks that look promising and are worth a look now include
Federal Signal Corp.
) carrying a Zacks Rank #1 (Strong Buy), and
Carlisle Companies Inc.
), both carrying a Zacks Rank #2 (Buy)
CARLISLE COS IN (CSL): Free Stock Analysis
FED SIGNAL CP (FSS): Free Stock Analysis
GENL ELECTRIC (GE): Free Stock Analysis
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