<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM WESTINGHOUSE AIR BRAKE COMPANY'S CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> MAR-31-1998 <CASH> 4,392 <SECURITIES> 0 <RECEIVABLES> 102,980 <ALLOWANCES> 0 <INVENTORY> 73,874 <CURRENT-ASSETS> 200,341 <PP&E> 191,989 <DEPRECIATION> (81,999) <TOTAL-ASSETS> 434,339 <CURRENT-LIABILITIES> 141,600 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 474 <OTHER-SE> (67,205) <TOTAL-LIABILITY-AND-EQUITY> 434,339 <SALES> 158,136 <TOTAL-REVENUES> 158,136 <CGS> 106,340 <TOTAL-COSTS> 106,340 <OTHER-EXPENSES> 27,041 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 7,373 <INCOME-PRETAX> 17,513 <INCOME-TAX> 6,655 <INCOME-CONTINUING> 10,858 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 10,858 <EPS-PRIMARY> .43 <EPS-DILUTED> .42