UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) January 4, 2006
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
| 1-13782 | 25-1615902 | |
| (Commission File Number) | (IRS Employer Identification No.) | |
| 1001 Airbrake Avenue Wilmerding, Pennsylvania |
15148 | |
| (Address of Principal Executive Offices) | (Zip Code) | |
(412) 825-1000
(Registrant’s Telephone Number, Including Area Code)
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01. Other Events.
On January 4, 2006, Westinghouse Air Brake Technologies Corporation (the “Company”) issued a press release disclosing, among other things, updated multi-year backlog information. A copy of the press release is attached to this report as Exhibit 99.1 and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
| (d) | Exhibits. |
The following exhibit is filed with this report on Form 8-K:
| Exhibit No. |
Description | |
| 99.1 | Press release dated January 4, 2006 (regarding the matter referenced in Item 8.01). |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION | ||
| By: |
/s/ Alvaro Garcia-Tunon | |
| Alvaro Garcia-Tunon | ||
| Chief Financial Officer | ||
Date: January 6, 2006
EXHIBIT INDEX
| Number |
Description |
Method of Filing | ||
| 99.1 | Press release dated January 4, 2006 | Filed herewith |
EXHIBIT 99.1
| Contact: | Tim Wesley at (412) 825-1543 | |
| Wabtec Signs Contracts To Supply Components For PATH Subway Cars; | ||
| Multi-Year Backlog Now Exceeds $1 Billion, Including Options, For First Time | ||
| WILMERDING, Pa., Jan. 4, 2006 — Wabtec Corporation (NYSE: WAB) today announced that it has signed contracts to supply components for new subway cars being built for the Port Authority Trans-Hudson (PATH) rapid-transit system, which serves New York and New Jersey. The contracts are worth about $65 million for the base order of 340 cars. PATH has an option to purchase up to an additional 125 cars, which would increase the total value of the contracts to about $80 million. | ||
| Under the contracts, Wabtec’s WABCO Transit and Vapor Rail units will supply brakes, couplers, door operators and controls, and current collectors for the cars, which will be built by Kawasaki Rail Car. Wabtec expects to deliver components for the prototype cars in late 2006, with full production from 2007-10. | ||
| “We’re pleased to play an important role in the revitalization of the PATH fleet,” said William E. Kassling, Wabtec’s chairman, president and chief executive officer. “This project, combined with our previously announced contracts to supply components for new subway cars in New York City and to build locomotives for transit authorities in Toronto and New York, puts our transit business in a solid position through the end of this decade.” | ||
| In the past three months, Wabtec has announced contracts with a potential value of more than $400 million including options. Wabtec’s multi-year backlog, including options, now exceeds $1 billion for the first time, compared to about $700 million a year ago. | ||
| Based in Spartanburg, S.C., WABCO Transit designs and manufactures pneumatic, electronic and mechanical devices for passenger rail vehicles, including braking equipment, couplers and current collectors. Vapor Rail, based in Montreal, designs and manufactures door systems for passenger rail vehicles. | ||
| Wabtec Corporation (www.wabtec.com) is one of North America’s largest providers of value-added, technology-based products and services for the rail industry. Through its subsidiaries, the company manufactures a range of products for locomotives, freight cars and passenger transit vehicles. The company also builds new switcher and commuter locomotives, and provides aftermarket services, including locomotive and freight car fleet maintenance. The company has facilities located throughout the world. Wabtec’s mission is to be judged by its stakeholders as the world-class corporation focused on helping its global customers compete more effectively through higher levels of safety, quality and productivity. | ||
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