Water technology solutions provider,
), seems to be in full force to accomplish its target to expand
internationally. The company has won many international contracts
in the recent past, including in regions like United Arab
Emirates, Colombia, China and more recently in Singapore.
Last week, the company won an equipment and service contract
from the Singapore Land Transport Authority worth $6.5 million
(S$8.2 million). Per the contract, Xylem will provide different
water handling equipment, including WEDECO Spektron UV
disinfection units, Flygt submersible drainage pumps and Lowara
eSV booster pump sets. Along with these, Xylem will also provide
associated control panels and level regulators.
The contract constitutes the pumping system for phases 2 and 3
of the Downtown Line Mass Rapid Transit project. The company will
be providing its equipment in order to facilitate the
construction and operation of the 42 kilometers driverless
transit line, which is scheduled to be completed in 2017.
Xylem's association with the Singapore Land Transport
Authority dates back to 1984, with more than 1,000 of the
former's products serving the latter.
This is the third contract win for the company in less than a
month. In mid-September, Xylem won a $0.5 million contract to
provide wastewater services in Tolu, a town located on the
Caribbean coast of Colombia.
Last month, Xylem received the largest ozone contract in China
worth roughly $1.87 million (RMB 11.48 million). Under the
contract, the company will supply an ozone generation and
introduction system, which will provide a safe municipal water
supply in Jinshan, Shanghai.
Xylem currently carries a Zacks Rank #2 (Buy). Other stocks
sharing the same industry that warrant a look include,
The Babcock & Wilcox Co.
). Each of these stocks carry a Zacks Rank #2 (Buy).
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XYLEM INC (XYL): Free Stock Analysis Report
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