Wabtec

For the separate company also descended from the Westinghouse Air Brake Company, see WABCO Holdings.

Westinghouse Air Brake Technologies Corporation
Wabtec Corporation
Company typePublic
NYSE: WAB
S&P 500 component[1]
IndustryRail industry
Founded1999 (1999) via merger
Headquarters
Pittsburgh, Pennsylvania[2]
,
United States
Number of locations
Various: US, Europe, Canada, Mexico, Australia, South America. ~50 plants[2]
Key people
  • Albert J. Neupaver​ (chairman)[3]
  • Rafael Santana (president​ and CEO)
  • John Olin (executive vice president and CFO[4]
ProductsRail braking systems, locomotives, air condition and heat exchanging systems, other rolling stock components[2]
ServicesLocomotive servicing, overhaul and repair[2]
RevenueIncrease US$9,680 million (2023)
Increase US$1,011 million (2022)
Increase US$641 million (2022)
Total assetsIncrease US$18,516 million (2022)
Total equityDecrease US$10,147 million (2022)
Number of employees
27,000 (2022)
Divisions
Websitewabteccorp.com
Footnotes / references
Financials as of December 31, 2022.
References:[5]
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Wabtec facility, Greensburg PA USA

Westinghouse Air Brake Technologies Corporation, commonly known as Wabtec, is an American company formed by the merger of the Westinghouse Air Brake Company (WABCO) and MotivePower Industries Corporation in 1999.[6][7] It is headquartered in Pittsburgh, Pennsylvania.

Wabtec manufactures products for locomotives, freight cars and passenger transit vehicles, and builds new locomotives up to 6,000 horsepower (4 MW). It is a Fortune 500 company.[8][9]

The company purchased GE Transportation on February 25, 2019.

  1. ^ Chang, Sue (February 21, 2019). "Wabtec to replace Goodyear Tire on S&P 500 Feb. 27". MarketWatch. Retrieved March 23, 2019.
  2. ^ a b c d Wabtec corporation – fast facts Archived March 26, 2019, at the Wayback Machine wabtec.com
  3. ^ Gough, Paul J. (May 10, 2017). "Neupaver named chairman of Wabtec". Pittsburgh Business Times. Retrieved June 30, 2017.
  4. ^ Zacks Equity Research (August 13, 2021). "Wabtec Picks John Olin to Succeed Pat Dugan as CFO)". Nasdaq. Retrieved February 8, 2024.
  5. ^ "Westinghouse Air Brake Technologies Corporation". February 15, 2023. Retrieved April 11, 2023.
  6. ^ "Westinghouse Air Brake Co, Form 8-K, Current Report, Filing Date Jun 3, 1999". secdatabase.com. Retrieved May 10, 2018.
  7. ^ "Westinghouse Air Brake Co, Form 8-K, Current Report, Filing Date Nov 30, 1999". secdatabase.com. Retrieved May 10, 2018.
  8. ^ Litvak, Anya (October 18, 2019). "Wabtec is the newest Fortune 500 company on the (North Shore) block". Pittsburgh Post-Gazette. Retrieved February 7, 2024.
  9. ^ "Westinghouse Air Brake Technologies". Fortune. Retrieved February 7, 2024.