Alstom Shares Surge on €3.2 Billion Contract with VIA Rail Canada

Alstom's share price surged by 2.04% on Friday to €16.51 following a major contract announcement with VIA Rail Canada.

The railway equipment manufacturer signed an agreement worth approximately 4.7 billion Canadian dollars (3.2 billion euros) for the design, engineering, manufacturing, and technical support of 313 railway cars for long-distance, regional, and remote line services in Canada.

The contract will be recognized in the second quarter of fiscal year 2026/27 and serves as a catalyst for Alstom's forthcoming financial indicators.