New Flyer receives order for 100 additional transit buses for the Washington Metro Region
MWN-AI** Summary
New Flyer of America Inc., a leading transit bus manufacturer and subsidiary of NFI Group Inc., has received a substantial order from the Washington Metropolitan Area Transit Authority (Metro) for 100 additional transit buses, comprising 75 Xcelsior® hybrid-electric buses and 25 Xcelsior CHARGE NG™ battery-electric buses. This decision is part of Metro’s ongoing commitment to modernize its fleet, enhancing the passenger experience while adhering to its five-year Strategic Transformation Plan aimed at providing safe and efficient transit solutions.
The purchase is financially backed by federal, state, and local funding, along with grants from the Federal Transit Administration under its Low or No Emission program. This new acquisition aims to replace aging vehicles within Metro's fleet, which supports over four million passengers across 1,500 square miles in the D.C. region.
Chris Stoddart, President of North American Bus and Coach at NFI, emphasized the company’s long-standing partnership with Metro, highlighting that the new buses will significantly improve operational efficiency and service quality while promoting job growth in manufacturing across the U.S. Randy Clarke, Metro's General Manager and CEO, echoed this sentiment, noting the importance of reducing emissions and enhancing customer experience through the adoption of these advanced vehicles.
This latest order builds upon a previous contract established in February 2025, and it illustrates Metro's proactive approach to transitioning to low- and zero-emission transport solutions. As America’s fifth-largest bus network, Metro continues to reinforce its commitment to sustainable transit, aiming to ensure that all residents benefit from modern, reliable, and environmentally friendly transportation services.
MWN-AI** Analysis
New Flyer of America Inc. (TSX: NFI), a significant player in the transit vehicle manufacturing industry, has recently secured an order for 100 additional transit buses from the Washington Metropolitan Area Transit Authority (Metro). This order includes 75 hybrid-electric and 25 battery-electric buses, reinforcing New Flyer’s position in the rapidly evolving market for sustainable transportation solutions.
Investors should consider this development a positive signal for New Flyer’s growth trajectory. The backing of federal, state, and local funding, combined with the support from the Federal Transit Administration's Low or No Emission grant program, suggests a strong commitment to modernizing transportation infrastructure—a key trend in public transportation across the U.S.
Metro’s decision to phase out aging vehicles aligns with broader societal demands for cleaner, more efficient public transit systems, making New Flyer’s product offerings particularly relevant. Their advanced hybrid and battery-electric vehicles are expected to enhance operational efficiency and customer satisfaction—factors that could drive increased ridership for Metro.
Despite potential headwinds such as supply chain disruptions and economic uncertainties, New Flyer’s robust backlog and established relationship with Metro offer a buffer against market volatility. Investors might view the company favorably due to its aligned strategy with the government’s sustainability goals and its leadership in the production of low-emission vehicles.
However, stakeholders should remain cautious. The market can be influenced by broader economic conditions, funding availability, and possible interruptions to production. It is advisable for investors to maintain a diversified stance while keeping an eye on NFI’s quarterly performance reports and market trends in public transit funding. Overall, New Flyer presents a promising investment opportunity in the green transportation sector, especially as municipalities like Metro prioritize modernization and sustainability.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Washington Metro continues to modernize its fleet with New Flyer hybrid and battery-electric buses
ST. CLOUD, Minn., Feb. 10, 2026 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) New Flyer of America Inc. (New Flyer), a leader in the transit industry and a subsidiary of NFI Group Inc. (NFI), today announced that Washington Metropolitan Area Transit Authority (“Metro”) has exercised options for 75 Xcelsior® hybrid-electric forty-foot transit buses and 25 Xcelsior CHARGE NG™ battery-electric forty-foot transit buses. The options are being exercised from New Flyer’s robust Q4 backlog.
The purchase will be supported by federal, state, and local funding as well as funds awarded through the Federal Transit Administration Low or No Emission grant program. The new buses will replace end-of-life vehicles and provide Metro customers with a modernized, efficient passenger experience, while also delivering on Metro’s five-year Strategic Transformation Plan, which focuses on becoming the region's trusted way to move people safely and efficiently.
“New Flyer is committed to continuing our decades-long relationship with Metro, providing buses that deliver strong value, reliability, and performance,” said Chris Stoddart, President of North American Bus and Coach at NFI. “As Metro phases out aging buses, New Flyer’s Buy America-compliant, advanced hybrid and battery-electric vehicles will boost the efficiency, power, and overall service quality of its transit system while fueling good manufacturing jobs and economic opportunity across the United States."
“These new hybrid and battery-electric buses allow us to replace aging vehicles, improve the customer experience, and continue modernizing our fleet while reducing emissions across the region,” said Randy Clarke, General Manager and CEO of Metro. “Partnering with New Flyer helps ensure we’re delivering safe, dependable service and demonstrating good financial stewardship.”
Metro is America’s fifth-largest bus network in the United States. It provides Metrorail and Metrobus transit services for more than four million people across 1,500 square miles in the District of Columbia, Maryland, and Virginia. Metrobus operates a fleet of 1,500 buses and provides approximately 124 million annual trips. In 2025, Metro was named Outstanding Public Transit Agency of the Year by the American Public Transportation Association.
This purchase of low- and zero-emission buses follows the base order of 100 New Flyer hybrid-electric buses announced in February 2025 under the five-year contract and builds on Metro’s existing battery-electric fleet already in service today.
About NFI
Leveraging 450 years of combined experience, NFI offers a wide range of propulsion-agnostic bus and coach platforms, including market-leading electric models. Through its low- and zero-emission buses and coaches, infrastructure, and technology, NFI meets today’s urban demands for scalable smart mobility solutions. Together, NFI is enabling more livable cities through connected, clean, and sustainable transportation.
With over 9,000 team members in ten countries, NFI is a leading global bus manufacturer of mass mobility solutions under the brands New Flyer® (heavy-duty transit buses), MCI® (motorcoaches), Alexander Dennis Limited (single- and double-deck buses), ARBOC® (low-floor cutaway and medium-duty buses), and NFI Parts™. NFI currently offers the widest range of sustainable drive systems available, including zero-emission electric (referring to propulsion systems that do not utilize internal combustion engines, such as trolley, battery, and fuel cell), natural gas, electric hybrid, and clean diesel. In total, NFI supports its installed base of over 100,000 buses and coaches around the world. NFI’s common shares trade on the Toronto Stock Exchange (TSX) under the symbol NFI and its convertible unsecured debentures trade on the TSX under the symbol NFI.DB. News and information is available at www.nfigroup.com, www.newflyer.com, www.mcicoach.com, nfi.parts, www.alexander-dennis.com, arbocsv.com, and carfaircomposites.com.
About New Flyer
New Flyer is North America’s heavy-duty transit bus leader and offers the most advanced product line under the Xcelsior® and Xcelsior CHARGE® brands. It also offers infrastructure development through NFI Infrastructure Solutions™, a service dedicated to providing safe, sustainable, and reliable charging and mobility solutions. New Flyer actively supports over 35,000 heavy-duty transit buses (New Flyer, NABI, and Orion) currently in service, of which 8,600 are powered by electric motors and battery propulsion and 1,900 are zero-emission. Further information is available at www.newflyer.com.
Forward-Looking Statement
This press release may contain forward-looking statements relating to expected future events and financial and operating results of NFI that involve risks and uncertainties. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, investors cannot be assured that actual results will be consistent with these forward-looking statements, and the differences may be material. Actual results may differ materially from management expectations as projected in such forward-looking statements for a variety of reasons, including market and general economic conditions (including as a result of tariffs and other trade measures) and economic conditions of and funding availability for customers to purchase buses and to purchase parts or services (including as a result of recent U.S. policy developments); customers may not exercise options to purchase additional buses; the ability of customers to suspend or terminate contracts for convenience; production may be delayed or production rates may be decreased as a result of ongoing and future supply chain disruptions and shortages of parts and components, shipping and freight delays, and disruption to and shortage of labor supply; and the other risks and uncertainties discussed in the materials filed with the Canadian securities regulatory authorities and available on SEDAR at www.sedarplus.ca.
Due to the potential impact of these factors, NFI disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.
For media inquiries, please contact:
Melissa Schnee
P: 385.910.6861
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For investor inquiries, please contact:
Stephen King
P: 204.792.1300
[email protected]
Photos accompanying this announcement are available at
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FAQ**
How does the purchase of 100 New Flyer hybrid-electric buses, as well as the additional 75 hybrid and 25 battery-electric buses by Metro, impact the growth and profitability outlook for NFI Group Inc NFYEF in the public transit sector?
Considering the federal and state funding supporting Metro's new fleet, how might changes in government policies affect NFI Group Inc NFYEF’s future bus orders and revenue stream?
What competitive advantages does NFI Group Inc NFYEF hold in the electric and hybrid bus market, particularly with the enhancement of Metro's fleet?
With the ongoing supply chain disruptions impacting production, how is NFI Group Inc NFYEF addressing potential risks to meet the growing demands from transit authorities like Metro?
**MWN-AI FAQ is based on asking OpenAI questions about Nfi Group Inc. (TSXC: NFI:CC).
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