| __timestamp | Howmet Aerospace Inc. | Westinghouse Air Brake Technologies Corporation |
|---|---|---|
| Wednesday, January 1, 2014 | 123000000 | 61886000 |
| Thursday, January 1, 2015 | 169000000 | 71213000 |
| Friday, January 1, 2016 | 132000000 | 71375000 |
| Sunday, January 1, 2017 | 111000000 | 95166000 |
| Monday, January 1, 2018 | 103000000 | 87450000 |
| Tuesday, January 1, 2019 | 70000000 | 209900000 |
| Wednesday, January 1, 2020 | 17000000 | 162100000 |
| Friday, January 1, 2021 | 17000000 | 176000000 |
| Saturday, January 1, 2022 | 32000000 | 209000000 |
| Sunday, January 1, 2023 | 36000000 | 218000000 |
| Monday, January 1, 2024 | 33000000 | 206000000 |
Cracking the code
In the ever-evolving landscape of technology, research and development (R&D) play a pivotal role in driving innovation. Over the past decade, Howmet Aerospace Inc. and Westinghouse Air Brake Technologies Corporation have demonstrated contrasting R&D investment strategies.
From 2014 to 2023, Howmet Aerospace Inc. saw a significant decline in R&D expenses, dropping from a peak of 123 million in 2014 to just 36 million in 2023. This represents a reduction of over 70%, reflecting a strategic shift or potential reallocation of resources. In contrast, Westinghouse Air Brake Technologies Corporation increased its R&D spending by over 250%, from 62 million in 2014 to 218 million in 2023.
These trends highlight the differing priorities and market strategies of these two industry giants, with Westinghouse Air Brake Technologies Corporation seemingly doubling down on innovation to maintain its competitive edge.
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