By Kim Richters

Siemens AG's transport division has received an order worth $3.4 billion in the U.S. to design, manufacture and technically support multi-powered trains for rail operator Amtrak.

The German engineering conglomerate said Wednesday that the order for Siemens Mobility covers 73 trains, with an option for up to 140 additional trains and maintenance agreements. The first train is scheduled to be delivered in 2024.

"These new trains will reshape the future of rail travel by replacing our aging 40-to-50-year old fleet with state-of-the-art, American-made equipment," said Amtrak Chief Executive Officer Bill Flynn.

Write to Kim Richters at kim.richters@wsj.com

(END) Dow Jones Newswires

July 07, 2021 11:22 ET (15:22 GMT)

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