General Electric Co. said Wednesday it signed contracts valued at over $900 million wiht Kazakhstan’s state-run railroad to help develop the country’s railway infrastructure. The contracts with GE Transportation include delivering 300 shunter locomotives and an 18-year service agreement for the maintenance of 175 Evolution series locomotives. The first 2 shunters are expected to be delivered in 2019, with the rest delivered over the next 10 years. GE’s stock fall 0.8% in premarket trade. The stock had shed 2.9% on Tuesday after the company disclosed billions in dollars in losses in its legacy insurance business. It has tumbled 21.5% over the past three months through Tuesday, while the Dow Jones Industrial Average has gained 12.2%.
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