Westinghouse Air Brake Technologies

WAB

The Westinghouse Air Brake Company (sometimes nicknamed or abbreviated WABCO although this was also confusingly used for spinoffs) was founded on September 28, 1869 by George Westinghouse in Pittsburgh, Pennsylvania. Earlier in the year he had invented the railway air brake in New York state. After having manufactured equipment in Pittsburgh for a number of years, he began to construct facilities and plants east of the city where homes for his employees were built. In 1889, the air brake manufacturing facility was moved to Wilmerding, Pennsylvania, and the company's general office building was built there in 1890. WABCO's direct successor companies include WABCO Vehicle Control Systems, a commercial vehicle air brake manufacturer; and Wabtec, a railway equipment manufacturer, which have been owned and operated independently of each other since the mid-twentieth century.

Westinghouse Air Brake Technologies has been a target of short sellers for a while. The current short interest of 1.97% is roughly at the average of the last 12 months (1.54%).