ERIE, Pa. (AP) — GE Transportation says it has signed a $575 million deal with Egypt's national railway system to provide 100 locomotives.
The Erie Times-News reports (http://bit.ly/2sKXEv4 ) that union leaders are hopeful the deal will be good news for current workers and those recently laid off in Erie, Pennsylvania, where most of the company's international locomotives are built.
Scott Slawson, president of the union representing GE's Erie employees, says foreign contracts sometimes require some work to be done in the destination country, but it's not clear if that is the case with the Egypt deal. He says the financing is being done through a Canadian bank, which could signal that most of the work will be in the U.S.
Details of the agreement have yet to be finalized.
Information from: Erie Times-News, http://www.goerie.com