• On September 22, 2025, Kazakhstan’s national railway, KTZ, announced a landmark agreement with Wabtec Corporation to deliver Evolution Series locomotives and provide long-term service support, marking a US$4.2 billion multi-year order, the largest in Wabtec’s history.
• This order not only expands Wabtec’s international presence with localized production outside the US, but also underscores growing international demand for advanced rail technology suited to challenging regional conditions.
• We’ll explore how this record-setting deal and Wabtec’s upcoming engine production in Kazakhstan could reshape the company’s investment narrative.

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Westinghouse Air Brake Technologies Investment Narrative Recap

To believe in Westinghouse Air Brake Technologies as a shareholder, you need to have confidence in the company’s ability to capitalize on sustained global rail infrastructure investment, particularly as international orders help offset current softness in North American freight markets. While the recent US$4.2 billion Kazakhstan deal meaningfully boosts Wabtec's international backlog and visibility, the biggest short-term catalyst remains demand for modernization and new rail technology, while ongoing weakness in North American railcar builds continues to be a key risk. The Kazakhstan win partially eases revenue concentration concerns, though it does not fully remove exposure to cyclical swings in core US demand.

Among Wabtec’s recent moves, the company’s raised full year 2025 revenue guidance, boosted by the Evident Inspection Technologies acquisition, stands out as directly relevant. The upgrade highlights how international and aftermarket expansion, including new high-value service agreements like those with Kazakhstan, may help counterbalance domestic market weakness and underpin steady multi-year growth. The catch, however, is that headwinds in North America are still present and investors should be alert to situations when...

Westinghouse Air Brake Technologies is projected to reach $13.0 billion in revenue and $1.8 billion in earnings by 2028. This outlook is based on an expected annual revenue growth rate of 7.1% and an increase in earnings of $0.6 billion from the current $1.2 billion.

Uncover how Westinghouse Air Brake Technologies' forecasts yield a $226.12 fair value, a 14% upside to its current price.

Exploring Other Perspectives

Three community members on Simply Wall St estimate fair values for Wabtec ranging from US$178 to US$226 per share. While optimism about global rail investment is widespread, there remains heightened uncertainty tied to trends in North American railcar demand.

Explore 3 other fair value estimates on Westinghouse Air Brake Technologies - why the stock might be worth as much as 14% more than the current price!

Build Your Own Westinghouse Air Brake Technologies Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Westinghouse Air Brake Technologies research is our analysis highlighting 2 key rewards and 1 important warning sign that could impact your investment decision.
• Our free Westinghouse Air Brake Technologies research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Westinghouse Air Brake Technologies' overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.