<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> 9-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1998 <PERIOD-END> SEP-30-1998 <CASH> 9,833 <SECURITIES> 0 <RECEIVABLES> 110,880 <ALLOWANCES> 0 <INVENTORY> 88,371 <CURRENT-ASSETS> 227,834 <PP&E> 209,625 <DEPRECIATION> 90,175 <TOTAL-ASSETS> 476,542 <CURRENT-LIABILITIES> 130,396 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 474 <OTHER-SE> (45,468) <TOTAL-LIABILITY-AND-EQUITY> 476,542 <SALES> 490,664 <TOTAL-REVENUES> 490,664 <CGS> 332,487 <TOTAL-COSTS> 332,487 <OTHER-EXPENSES> 82,157 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 22,284 <INCOME-PRETAX> 53,877 <INCOME-TAX> 20,473 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> (2,730) <CHANGES> 0 <NET-INCOME> 30,674 <EPS-PRIMARY> 1.22 <EPS-DILUTED> 1.19