Subsidy Tracker Parent Company Summary

Parent Company Name: 
Westinghouse Air Brake Technologies (Wabtec)
Ownership Structure: 
publicly traded (ticker symbol WAB)
Headquartered in: 
Pennsylvania
Major Industry: 
industrial equipment
Specific Industry: 
industrial equipment
Subsidy SummarySubsidy ValueNumber of Awards
State/Local$6,834,28227
Federal (grants and allocated tax credits)$300,0001
TOTAL$7,134,28228
Loan / Bailout SummaryTotal Face ValueNumber of Awards
State/Local loans, bond financing and venture capital$00
Federal loans, loan guarantees and bailout assistance (not including repayments)$363,300,69415
TOTAL$363,300,69415
Time Period for State and Local Awards: 

Earliest year of data: 2000. Availability of data for earlier years varies greatly from program to program. The majority of the listings for this parent company are for the period since 2012.

Time Period for Federal Awards: 

FY2000 to the present

Notes: 

Dollar totals do not include awards for which no subsidy value is disclosed.

Associated Names: 

G AND B SPECIALTIES; GE TRANSPORTATION; RAILROAD FRICTION PROD; RICON; SCHAEFER EQ; WABTEC; WESTINGHOUSE AIR BRAKE; XORAIL

Links: 

For a summary of this company's regulatory violations see its Violation Tracker summary page here.


Top 5 States for state/local awardsTotal Subsidy $Number of Awards
Texas$4,200,0001
Pennsylvania$1,377,9956
North Carolina$839,82213
Florida$198,0002
Nevada$179,5151
All other$38,9504

Individual Subsidy Records:

Click on the company name for more information on each subsidy award.
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Company Location Subsidy Source Year Subsidy Valuesort icon Loan/Bailout Value Type of Subsidy
GE Transportation Texas state 2011 $4,200,000 grant
General Electric Transportation Systems Pennsylvania state $800,000 grant
Railroad Friction Products Corporation North Carolina state 2008 $340,359 tax credit/rebate
General Electric Transportation United States federal 2011 $300,000 federal grant
General Electric Transportation Systems Pennsylvania state $250,000 grant
General Electric Transportation Systems Pennsylvania state $250,000 grant
General Electric Transportation Nevada state 2008 $179,515 tax credit/rebate
Xorail, Inc. Florida state 2010 $165,000 tax credit/rebate
Railroad Friction Products Corporation North Carolina state 2015 $94,641 tax credit/rebate
Railroad Friction Products Corporation North Carolina state 2016 $80,947 tax credit/rebate
Wabtec Corporation Pennsylvania state 2016 $70,049 tax credit/rebate
Railroad Friction Products Corporation North Carolina state 2013 $54,732 tax credit/rebate
Railroad Friction Products Corporation North Carolina state 2009 $52,076 tax credit/rebate
Railroad Friction Products Corporation North Carolina state 2015 $42,422 tax credit/rebate
Xorail, Inc Florida local 2010 $33,000 grant
Railroad Friction Products Corporation North Carolina state 2016 $31,405 tax credit/rebate
Railroad Friction Products Corporation North Carolina state 2013 $26,000 tax credit/rebate
Railroad Friction Products Corporation North Carolina state 2013 $26,000 tax credit/rebate
Railroad Friction Products Corporation North Carolina state 2015 $24,706 tax credit/rebate
Railroad Friction Products Corporation North Carolina state 2012 $24,557 tax credit/rebate
Railroad Friction Products Corporation North Carolina state 2012 $24,557 tax credit/rebate
Westinghouse Air Brake Company New York state 2003 $19,000 enterprise zone
Railroad Friction Products Corporation North Carolina state 2013 $17,420 tax credit/rebate
G & B Specialties LLC New York local 2005 $10,500 grant
SCHAEFER EQUIPMENT INC Ohio state 2013 $4,725 grant
SCHAEFER EQUIPMENT INC Ohio state 2013 $4,725 training reimbursement
Wabtec Corporation Pennsylvania state 2011 $4,663 tax credit/rebate
G&B Specialties, Inc. Pennsylvania state 2016 $3,283 tax credit/rebate
General Electric Transportation United States federal 2013 $87,439,193 federal loan or loan guarantee
General Electric Transportation United States federal 2011 $85,641,079 federal loan or loan guarantee
General Electric Transportation United States federal 2011 $34,256,432 federal loan or loan guarantee
General Electric Transportation United States federal 2014 $26,989,066 federal loan or loan guarantee
General Electric Transportation United States federal 2013 $20,586,637 federal loan or loan guarantee
General Electric Transportation United States federal 2014 $12,102,807 federal loan or loan guarantee
General Electric Transportation United States federal 2013 $11,785,685 federal loan or loan guarantee
General Electric Transportation United States federal 2013 $11,785,685 federal loan or loan guarantee
General Electric Transportation United States federal 2013 $11,785,685 federal loan or loan guarantee
General Electric Transportation United States federal 2013 $11,785,685 federal loan or loan guarantee
General Electric Transportation United States federal 2013 $11,785,685 federal loan or loan guarantee
General Electric Transportation United States federal 2013 $11,785,685 federal loan or loan guarantee
General Electric Transportation United States federal 2013 $11,785,685 federal loan or loan guarantee
General Electric Transportation United States federal 2013 $11,785,685 federal loan or loan guarantee
Ricon, LLC United States federal 2014 $2,000,000 federal loan or loan guarantee
GE Transportation (PHI) Texas local 2011 undisclosed property tax abatement
GE Transportation (PHII) Texas local 2011 undisclosed property tax abatement
GE Transportation - Remanufacturing Services Missouri local 2008 undisclosed property tax abatement
GE Transportation Texas local 2013 undisclosed property tax abatement
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