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Dec. 16 (Bloomberg) -- Rosenbauer International AG, the world’s No. 2 fire engine maker, rose the most since January 2009 after winning a record contract to supply Saudi Arabia with 245 million euros ($319 million) worth of emergency vehicles.
Rosenbauer rose 12 percent, or 4.09 euros a share, to 37.3 euros at the 5:30 p.m. close of trading in Vienna. The stock is down 0.5 percent this year.
“Capacity utilization at our production facilities is assured for the next two years,” said Dieter Siegel, Chief Executive Officer of the Leonding, Austria-based company. Delivery of the 1,125 vehicles will be spread over 30 months and be completed by mid-2014, the company said.
Oshkosh Corp., the Wisconsin-based military, fire and emergency truck maker is Rosenbauer’s biggest competitor, according to Bloomberg data. The Saudi deal is the biggest in Rosenbauer’s history.
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