American manufacturing company
Westinghouse Air Brake Technologies Corporation |
| Wabtec Corporation |
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Company type | Public |
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| NYSE: WAB S&P 500 component[1] |
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Industry | Rail industry |
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Founded | 1999 (1999) via merger |
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Headquarters | , United States |
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Number of locations | Various: US, Europe, Canada, Mexico, Australia, South America. ~50 plants[2] |
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Key people | - Albert J. Neupaver (chairman)[3]
- Rafael Santana (president and CEO)
- John Olin (executive vice president and CFO[4]
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Products | Rail braking systems, locomotives, air condition and heat exchanging systems, other rolling stock components[2] |
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Services | Locomotive servicing, overhaul and repair[2] |
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Revenue | US$9,680 million (2023) |
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| US$1,011 million (2022) |
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| US$641 million (2022) |
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Total assets | US$18,516 million (2022) |
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Total equity | US$10,147 million (2022) |
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Number of employees | 27,000 (2022) |
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Divisions | |
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Website | wabteccorp.com |
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Footnotes / references Financials as of December 31, 2022[update]. References:[5] |
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.
- ^ Chang, Sue (February 21, 2019). "Wabtec to replace Goodyear Tire on S&P 500 Feb. 27". MarketWatch. Retrieved March 23, 2019.
- ^ a b c d Wabtec corporation – fast facts Archived March 26, 2019, at the Wayback Machine wabtec.com
- ^ Gough, Paul J. (May 10, 2017). "Neupaver named chairman of Wabtec". Pittsburgh Business Times. Retrieved June 30, 2017.
- ^ Zacks Equity Research (August 13, 2021). "Wabtec Picks John Olin to Succeed Pat Dugan as CFO)". Nasdaq. Retrieved February 8, 2024.
- ^ "Westinghouse Air Brake Technologies Corporation". February 15, 2023. Retrieved April 11, 2023.
- ^ "Westinghouse Air Brake Co, Form 8-K, Current Report, Filing Date Jun 3, 1999". secdatabase.com. Retrieved May 10, 2018.
- ^ "Westinghouse Air Brake Co, Form 8-K, Current Report, Filing Date Nov 30, 1999". secdatabase.com. Retrieved May 10, 2018.
- ^ Litvak, Anya (October 18, 2019). "Wabtec is the newest Fortune 500 company on the (North Shore) block". Pittsburgh Post-Gazette. Retrieved February 7, 2024.
- ^ "Westinghouse Air Brake Technologies". Fortune. Retrieved February 7, 2024.