| __timestamp | Lennox International Inc. | Westinghouse Air Brake Technologies Corporation |
|---|---|---|
| Wednesday, January 1, 2014 | 60700000 | 61886000 |
| Thursday, January 1, 2015 | 62300000 | 71213000 |
| Friday, January 1, 2016 | 64599999 | 71375000 |
| Sunday, January 1, 2017 | 73600000 | 95166000 |
| Monday, January 1, 2018 | 72200000 | 87450000 |
| Tuesday, January 1, 2019 | 69900000 | 209900000 |
| Wednesday, January 1, 2020 | 66800000 | 162100000 |
| Friday, January 1, 2021 | 76100000 | 176000000 |
| Saturday, January 1, 2022 | 80300000 | 209000000 |
| Sunday, January 1, 2023 | 94000000 | 218000000 |
| Monday, January 1, 2024 | 0 | 206000000 |
Data in motion
In the competitive landscape of industrial innovation, research and development (R&D) spending is a key indicator of a company's commitment to future growth. Over the past decade, Westinghouse Air Brake Technologies Corporation and Lennox International Inc. have demonstrated contrasting approaches to R&D investment.
From 2014 to 2023, Westinghouse Air Brake Technologies Corporation consistently increased its R&D expenses, peaking in 2023 with a 252% rise from its 2014 levels. This reflects a strategic focus on technological advancements in the transportation sector. Meanwhile, Lennox International Inc. showed a more modest growth, with a 55% increase over the same period, highlighting a steady yet cautious approach in the HVAC industry.
Interestingly, 2019 marked a significant leap for Westinghouse, with a 140% surge in R&D spending, possibly indicating a pivotal innovation phase. As we look to the future, these trends offer insights into each company's strategic priorities and market positioning.
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