Alstom Extends Greater Anglia Deal With ~$1.06B Maintenance Contract
ALSMY is trading near its 52-week low of $1.6 (9.4% above the low).
Summary
Alstom locked in a 15-year extension to maintain Greater Anglia's 133 five-car Class 720 Aventra electric trains, a contract worth roughly £800M ($1.06B). The work covers overhauls, repairs, spares and reliability at the Seven Kings Depot, and the fleet is owned by Angel Trains and was built at Alstom's Derby Litchurch Lane Works. This is a meaningful add to the services backlog for a company with an $8.3B market cap, and it follows the €1.2B TransPennine Express supply-and-maintain deal signed in September — a clear pattern of UK rolling-stock and maintenance wins stacking up. The revenue is spread over 15 years, so it won't move near-term earnings, but it reinforces the long-cycle services book that underpins the investment case. Both OTC lines, ALSMY and AOMFF, represent the same Alstom SA equity.
At the time of this announcement, ALSMY was trading at $1.75 on OTC in the Energy & Transportation sector, with a market capitalization of approximately $8.3B. The 52-week trading range was $1.60 to $3.51. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Seeking Alpha.