Alstom S.A : Alstom signs a 5-year contract extension to operate and maintain the GO Transit and UP express fleets in Toronto, Canada

Core Points - Alstom has signed a 5-year contract extension with Metrolinx to operate and maintain GO Transit and UP Express fleets in Toronto, valued at approximately 800 million euros ($1.3 billion CAD), running until 2031 [1][10] - The contract supports Alstom's operations for GO Transit and Union Pearson Express, with a team of nearly 1,300 managing over 117,000 GO rail trips and 56,000 UP Express trips in 2024-2025, achieving an on-time performance of over 97% [2][10] - Alstom's local Services Team has a 95% retention rate for O&M contracts, reinforcing its position as the leading private provider of operations and maintenance services in North America [3] Company Overview - Alstom is a market leader in rail services, offering a comprehensive portfolio of solutions that cover operations, maintenance, and public-private partnerships, benefiting customers through reduced operating costs and increased efficiencies [5] - The company operates over 25 active O&M projects globally, establishing itself as a trusted partner for transit authorities [6] - In Canada, Alstom employs over 5,000 skilled workers and is the only rolling stock manufacturer in the country, providing a full suite of services for major rail projects across various cities [7] Government Perspective - The Ontario government emphasizes that the renewed agreement with Alstom aligns with its plan to protect local jobs and enhance the reliability of the GO Transit network as service expands to meet regional demands [4]