Press Releases

Wabtec Corporation (NYSE: WAB) announced today that its Board of Directors declared a regular quarterly common dividend of 12 cents per share, payable on August 23, 2019 to holders of record as of August 9, 2019.

Wabtec (NYSE: WAB) was selected to implement the Positive Train Control (PTC) system for the New Mexico Rail Runner Express (NMRX), in an order worth $55 million. Building on ongoing design work, Wabtec will provide full system integration for deployment of PTC on NMRX’s full fleet of 18 locomotives/cab cars and nearly 100 miles of track extending from Belen to Santa Fe.

Wabtec Corporation (NYSE: WAB) announced today engine orders with two leading companies in the marine industry. The deals build upon the company’s position in the maritime market.

Wabtec (NYSE: WAB) shareholders today elected two directors and approved other company proposals at its annual meeting in Pittsburgh. Directors elected were: William E. Kassling and Albert J. Neupaver.

Wabtec Corporation (NYSE: WAB) announced today its investment in GE Additive’s (NYSE: GE) H2 binder jet printer capabilities. This first-of-its kind order will accelerate Wabtec’s growing additive strategy and its application to the transportation industry. Terms of the agreement were not disclosed.

Wabtec Corporation (NYSE: WAB) (“Wabtec”) today announced the pricing of an underwritten secondary offering of 22,000,000 shares of Wabtec common stock at a public offering price of $73.50 by General Electric Company (“GE”), as the sole selling stockholder. The offering is expected to close on or about May 6, 2019, subject to the satisfaction of customary closing conditions. The selling stockholder has granted the underwriters a 30-day option to purchase up to an additional 3,300,000 shares. Wabtec will not receive any proceeds from the sale of the shares by the selling stockholder in this offering.

Wabtec Corporation and the United Electrical, Radio and Machine Workers of America Local 610 today reached agreement on a three-year contract for the Wilmerding and Greensburg, Pennsylvania sites. The agreement positions the facilities to remain competitive in today’s challenging markets, while providing good wages, meaningful benefits and rewarding work for employees.

Wabtec Corporation (NYSE: WAB) today announced Rafael Santana will become president and CEO of the company, effective July 1, 2019. Santana, who will also become a Wabtec board member, will succeed Ray Betler, who will retire as a Wabtec executive and board member.

Wabtec (NYSE: WAB) celebrated today the 1,000th Evolution Series Tier 4 Locomotive at its plant in Fort Worth, TX. The milestone delivery to CN highlights the commercial success of the locomotive, which set the standard for environmental performance in the freight-rail industry.

Wabtec Corporation (NYSE: WAB) announced today that its Board of Directors declared a regular quarterly common dividend of 12 cents per share, payable on May 24, 2019 to holders of record on May 10, 2019.

Wabtec (NYSE: WAB) announced that Kristine Kubacki, CFA, has joined the company as vice president of investor relations. In this role, Kubacki will be responsible for communicating the vision and value of Wabtec to shareholders and the financial community. Kubacki will succeed Tim Wesley, who has held the role for more than 20 years. Wesley will remain active with the company in this capacity over the next several months to ensure a seamless and orderly transition, then retire at the end of 2019.

Wabtec Corporation (NYSE: WAB) announced today the appointment of Lilian Leroux as President of Transit. Lilian has spent more than 18 years with both Faiveley Transport and Wabtec in a variety of global leadership and commercial roles across the transit sector. These include UK Managing Director (2004-2009), Global Services Leader (2009-2014) and most recently, President of the Brakes & Safety Group (2014-2019).

Wabtec Corporation (NYSE: WAB) announced today it has completed its merger with GE Transportation, a former business unit of GE (NYSE: GE). This merger establishes Wabtec as a Fortune 500, global transportation and logistics leader by combining Wabtec’s broad range of freight, transit and electronics products with GE Transportation’s best-in-class equipment, services and digital solutions in the locomotive, mining, marine, stationary power and drilling industries. Wabtec has also been notified that it will now be included in the S&P 500 Index.

Wabtec Corporation (NYSE: WAB) today reported results for its 2018 fourth quarter, including strong cash flow, and issued 2019 financial guidance. The company also announced the completion of its merger with GE Transportation today, and said it has been notified that it will now be included in the S&P 500 Index.

Wabtec Corporation (NYSE: WAB) said it expects to complete its merger with GE Transportation, a business unit of GE (NYSE: GE), on Feb. 25, subject to certain closing conditions being satisfied as of the closing date.At closing, Wabtec plans to report its 2018 fourth quarter and full year results, and to provide 2019 financial guidance for the combined company.