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Wabtec’s goal is to generate sustainable growth and improved financial performance. To accomplish this goal, we will rigorously apply the principles of the Wabtec Performance System, which we believe will help us to generate cash to invest in the following growth strategies:


When the company went public in 1995, less than 5 percent of its sales were outside North America. In 2006, that number is expected to exceed 25 percent. International growth has come from acquisitions and from exporting U.S.-made products into overseas markets where customers are seeking to improve the efficiency and productivity of their freight and passenger rail systems. In addition to geographic expansion, Wabtec seeks to sell its existing rail products into new markets, such as power generation and heavy equipment.


To help offset the cyclicality of its original equipment markets, Wabtec plans to expand aftermarket sales of both products and services. Today, the aftermarket represents about 50 percent of the company’s sales, and opportunities for further growth are plentiful as railroads and transit authorities increasingly rely on suppliers to provide services and not just products.


The original Westinghouse Air Brake was founded in 1869 when George Westinghouse invented the straight air brake, which revolutionized the railroad industry. Today, Wabtec remains focused on developing profitable new products and technologies that help our customers improve safety, quality, productivity and capacity.


Using a disciplined approach, Wabtec seeks to acquire companies in its core or adjacent markets. The focus will be on companies that will add to Wabtec’s product differentiation in the marketplace or that will help to dampen the business cycle. In evaluating possible acquisition candidates, Wabtec will apply disciplined financial criteria.

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