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Wabtec facility, Greensburg, Pennsylvania. 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.
The Westinghouse Air Brake Company was established by George Westinghouse in 1869. In 1889, the Air Brake plant was moved to Wilmerding, Pennsylvania, a small farming town located 14 miles (23 km) outside of Pittsburgh. [9] At the time, was only inhabited by about 5,000 people.
The Westinghouse Air Brake Company was founded in the U.S. in 1869 and acquired by American Standard in 1968. It was designated as American Standards' Vehicle Control Systems division. The earthmoving and mining product range was sold to Dresser Industries in 1984. [5]
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Morrison-Knudsen spun-off the division in 1993; it became a publicly traded company in 1994. After Morrison-Knudsen's bankruptcy in 1996, MK Rail renamed itself "MotivePower Industries", doing business as "Boise Locomotive". The company merged with Westinghouse Air Brake Company (WABCO) in November 1999 [2] to form the Wabtec. [3]
For the last fully reported fiscal quarter, Westinghouse Air Brake Technologies' year-over-year revenue grew 28.1%, and its AR grew 29.7%. That looks OK. End-of-quarter DSO increased 2.4% over the ...