Siemens, Cummins win locomotive order, Caterpillar complains

|About: Siemens AG (SIEGY)|By:, SA News Editor

Siemens (SI) has received a €165M ($230M) order from five U.S. states for 32 diesel-electric passenger locomotives that will be powered by engines from Cummins (CMI).

The deal includes options for an extra 225 locomotives, which could be worth at least $1.5B.

Siemens' confirmation comes a day after Caterpillar (CAT) said it had filed a complaint about the decision, arguing that various procedures and requirements were ignored in the assessment of the German company's offer.