Kawasaki Heavy Industries Ltd. (7012.TO) said Friday it has received an order for subway rolling stock from the Washington Metropolitan Area Transit Authority worth up to $1.48 billion, the biggest-ever train order for the Japanese heavy machinery maker.

The Tokyo-based company said the U.S. local authority has notified it of an order for 428 train carriages worth around $880 million, with an additional 320 carriages on an optional basis.

Kawasaki said its plant in Nebraska will roll out the trains, with delivery scheduled between 2013 and 2016.

-By Hiroyuki Kachi, Dow Jones Newswires; 813-6269-2789; Hiroyuki.Kachi@dowjones.com
Kawasaki Heavy Industries (PK) (USOTC:KWHIY)
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