Westinghouse Air Brake Technologies Corp WAB

Westinghouse Air Brake Technologies Corporation (Wabtec), doing business as Wabtec Corporation, incorporated on October 19, 1989, is a provider of technology-based equipment and services for the global freight and transit rail industries. The Company provides its products and services through two principal business segments: the Freight Segment and the Transit Segment. The Company's products include specialty products and electronics, including positive train control equipment and electronically controlled pneumatic braking products; railway electronics, including event recorders, monitoring equipment and end of train devices; signal design and engineering services; freight car trucks and couplers; draft gears, couplers and slack adjusters; air compressors and dryers; heat exchangers and cooling products for locomotives and power generation equipment, and track and switch products; brake products, including railway braking equipment and related components for freight and transit applications, and friction products, including brake shoes and pads; remanufacturing, overhaul and build, such as commuter and switcher locomotives, and transit car, and locomotive overhaul and refurbishment.

The Company also offers transit products, including Heating, ventilation and air conditioning equipment, Doors for buses and subway cars, Platform screen doors, Pantographs, Window assemblies, Couplers, Accessibility lifts and ramps for buses and subway cars, and Traction motors. Its customers include railroads and passenger transit authorities throughout North America, Europe, Asia Pacific, South Africa and South America; manufacturers of transportation equipment, such as locomotives, freight cars, passenger transit vehicles and buses, and companies that lease and maintain such equipment. The Company, through its subsidiary, provides fire protection and extinguishing systems, including infra-red technology solution and it also provides related aftermarket services and components for both rail and industrial markets.

Freight Segment

The Freight Segment primarily manufactures and services components for new and existing freight cars and locomotives, builds new switcher locomotives, rebuilds freight locomotives, supplies railway electronics, positive train control equipment, signal design and engineering services, and provides related heat exchange and cooling systems. Customers include large, publicly traded railroads, leasing companies, manufacturers of original equipment such as locomotives and freight cars, and utilities.

Transit Segment

The Transit Segment primarily manufactures and services components for new and existing passenger transit vehicles, typically regional trains, high speed trains, subway cars, light-rail vehicles and buses, builds new commuter locomotives, refurbishes subway cars, provides heating, ventilation, and air conditioning equipment, and doors for buses and subways. Customers include public transit authorities and municipalities, leasing companies, and manufacturers of subway cars and buses around the world.

The Company competes with Knorr-Bremse AG, Amsted Industries Corporation, Caterpillar and GE Transportation Systems.