Westinghouse Air Brake Technologies Corporation vs Owens Corning: Strategic Focus on R&D Spending

R&D Spending: Westinghouse vs Owens Corning - A Decade of Innovation

__timestampOwens CorningWestinghouse Air Brake Technologies Corporation
Wednesday, January 1, 20147600000061886000
Thursday, January 1, 20157300000071213000
Friday, January 1, 20168200000071375000
Sunday, January 1, 20178500000095166000
Monday, January 1, 20188900000087450000
Tuesday, January 1, 201987000000209900000
Wednesday, January 1, 202082000000162100000
Friday, January 1, 202191000000176000000
Saturday, January 1, 2022106000000209000000
Sunday, January 1, 2023123000000218000000
Monday, January 1, 2024206000000
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Igniting the spark of knowledge

Strategic R&D Investments: A Tale of Two Innovators

In the competitive landscape of industrial innovation, Westinghouse Air Brake Technologies Corporation and Owens Corning have demonstrated distinct strategies in research and development (R&D) spending over the past decade. Since 2014, Westinghouse has consistently increased its R&D investments, peaking at approximately $218 million in 2023, a remarkable 252% increase from 2014. This strategic focus underscores their commitment to technological advancement and market leadership.

Conversely, Owens Corning has shown a steady yet modest growth in R&D spending, reaching around $123 million in 2023, marking a 62% increase from 2014. This approach reflects a balanced strategy, aligning innovation with sustainable growth. The data highlights the contrasting yet effective strategies of these two industry giants, offering insights into how R&D investments can shape a company's future in the ever-evolving industrial sector.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
28 Jan 2025