NFI Group receives order from Washington Metro

Executive Summary

• New Flyer of America Inc. (subsidiary of NFI Group Inc.) has received an order for 100 additional transit buses from the Washington Metropolitan Area Transit Authority (Metro).
• The order consists of 75 Xcelsior hybrid-electric 40-foot buses and 25 Xcelsior Charge NG battery-electric 40-foot buses, exercised from New Flyer's fourth-quarter backlog.
• The purchase is funded by federal, state, and local sources, including Federal Transit Administration low- or no-emission grants, and aims to replace end-of-life vehicles and support Metro's strategic transformation plan.

Key Details

• Order Composition:
  • 75 Xcelsior hybrid-electric 40-foot transit buses.
  • 25 Xcelsior Charge NG battery-electric 40-foot transit buses.
• Funding Sources: Federal, state, and local funding, plus funds awarded through the Federal Transit Administration low- or no-emission grant program.
• Strategic Context:
  • Buses will replace end-of-life vehicles.
  • Supports Metro's five-year strategic transformation plan focused on safety, efficiency, and modernization.
  • Follows a base order of 100 New Flyer hybrid-electric buses announced in February 2025 under a five-year contract.
  • Builds on Metro's existing battery-electric fleet.
• Company Background (NFI Group Inc.):
  • Parent company of New Flyer of America Inc.
  • Trades on the Toronto Stock Exchange under symbol NFI.
  • Offers a wide range of sustainable drive systems including zero-emission electric, natural gas, electric hybrid, and clean diesel.
  • Supports an installed base of over 100,000 buses and coaches globally.

Notable Quotes

• Chris Stoddart, President of North American bus and coach at NFI: "New Flyer is committed to continuing our decades-long relationship with Metro, providing buses that deliver strong value, reliability and performance... 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 fuelling good manufacturing jobs and economic opportunity across the United States."
• Randy Clarke, General Manager and CEO of Metro: "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... Partnering with New Flyer helps ensure we're delivering safe, dependable service and demonstrating good financial stewardship."