| __timestamp | ITT Inc. | Westinghouse Air Brake Technologies Corporation |
|---|---|---|
| Wednesday, January 1, 2014 | 76600000 | 61886000 |
| Thursday, January 1, 2015 | 78900000 | 71213000 |
| Friday, January 1, 2016 | 80800000 | 71375000 |
| Sunday, January 1, 2017 | 93700000 | 95166000 |
| Monday, January 1, 2018 | 98400000 | 87450000 |
| Tuesday, January 1, 2019 | 97900000 | 209900000 |
| Wednesday, January 1, 2020 | 84900000 | 162100000 |
| Friday, January 1, 2021 | 94900000 | 176000000 |
| Saturday, January 1, 2022 | 96500000 | 209000000 |
| Sunday, January 1, 2023 | 102600000 | 218000000 |
| Monday, January 1, 2024 | 116300000 | 206000000 |
Unleashing the power of data
In the ever-evolving landscape of industrial innovation, research and development (R&D) spending is a critical indicator of a company's commitment to future growth. Over the past decade, Westinghouse Air Brake Technologies Corporation and ITT Inc. have demonstrated distinct strategies in their R&D allocations. From 2014 to 2023, Westinghouse Air Brake Technologies Corporation increased its R&D expenses by approximately 252%, peaking in 2023. This surge underscores their aggressive pursuit of technological advancements. In contrast, ITT Inc. exhibited a steadier growth trajectory, with a 34% increase over the same period, reflecting a more conservative yet consistent investment approach. Notably, 2019 marked a pivotal year for Westinghouse, with a dramatic 140% rise in R&D spending, signaling a strategic shift. These insights reveal how each company navigates the competitive landscape, balancing innovation with fiscal prudence.
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