HBL Engineering Loses 541 Loco TCAS Units Order; Expected Demand for Next Year Rises to 18,429 Units

HBL Engineering Ltd. has delivered and installed 1659 out of 2200 Loco TCAS units ordered for 2024. The remaining 541 units are deemed cancelled according to the terms of the PO. The total number tendered in 2024 was for 10,000 units, and it is estimated that deliveries from all suppliers were around 3,000 units. All undelivered units, approximately 7000, are deemed cancelled. These 7,000 units are expected to be floated as a new tender, and three other tenders have been already floated recently, totalling 11,429 units. The total expected demand for the next year is thus 18,429 units.