Westinghouse Air Brake Technologies Corporation WAB

WAB Company Overview

Westinghouse Air Brake Technologies Corporation (Wabtec Corporation, NYSE: WAB) is a global transportation equipment and technology company that provides products, systems, software, and services primarily to the rail industry. The company operates across the freight rail, passenger transit, mining, marine, and industrial markets, with a core focus on locomotive technologies, railcar components, signaling systems, digital rail solutions, and aftermarket services. Wabtec generates revenue through equipment manufacturing, recurring maintenance and modernization services, software offerings, and long-term service agreements with rail operators and transit agencies.

The company traces its origins to the Westinghouse Air Brake Company founded by George Westinghouse in 1869, which pioneered air brake systems for railroads. Wabtec was formed in 1999 through the merger of Westinghouse Air Brake Company and MotivePower Industries. Its evolution accelerated through acquisitions, most notably the 2019 merger with GE Transportation, which significantly expanded Wabtec’s locomotive manufacturing, digital rail, and global freight capabilities. The company is considered a major supplier to North American freight railroads and an increasingly diversified global rail technology provider with a strong installed equipment base and recurring aftermarket revenue streams.