Research and Development: Comparing Key Metrics for Deere & Company and Westinghouse Air Brake Technologies Corporation

Innovation in Motion: A Decade of R&D Investment

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, Deere & Company and Westinghouse Air Brake Technologies Corporation have demonstrated contrasting R&D investment strategies. Deere & Company, a leader in agricultural machinery, has consistently increased its R&D expenses, peaking at approximately $2.29 billion in 2024, marking a 58% increase since 2014. In contrast, Westinghouse Air Brake Technologies Corporation, a key player in the rail industry, has shown a more modest growth, with R&D expenses reaching around $218 million in 2023, a 252% increase from 2014. This disparity highlights Deere's aggressive push towards innovation, while Westinghouse maintains a steady, albeit smaller, investment. Notably, data for Westinghouse in 2024 is unavailable, suggesting potential shifts in strategy.