GE Signaling Solutions for Singapore - Analyst Blog

By Zacks Equity Research,

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GE Transportation, a division of General Electric Company ( GE ), 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 million.

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 Capital.

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. ( FSS ) carrying a Zacks Rank #1 (Strong Buy), and Carlisle Companies Inc. ( CSL ) and ITT Corp. ( ITT ), both  carrying a Zacks Rank #2 (Buy)

CARLISLE COS IN (CSL): Free Stock Analysis Report

FED SIGNAL CP (FSS): Free Stock Analysis Report

GENL ELECTRIC (GE): Free Stock Analysis Report

ITT CORP (ITT): Free Stock Analysis Report

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Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Business , Stocks
Referenced Stocks: TSL , CBTC , CBI , CSL , FSS

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