<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-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> MAR-31-1999 <CASH> 4,627 <SECURITIES> 0 <RECEIVABLES> 137,921 <ALLOWANCES> 0 <INVENTORY> 107,703 <CURRENT-ASSETS> 271,824 <PP&E> 223,849 <DEPRECIATION> (95,783) <TOTAL-ASSETS> 609,460 <CURRENT-LIABILITIES> 150,762 <BONDS> 450,226 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 474 <OTHER-SE> (19,836) <TOTAL-LIABILITY-AND-EQUITY> 609,460 <SALES> 191,204 <TOTAL-REVENUES> 191,204 <CGS> 129,659 <TOTAL-COSTS> 32,648 <OTHER-EXPENSES> 66 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 9,096 <INCOME-PRETAX> 19,735 <INCOME-TAX> 7,346 <INCOME-CONTINUING> 12,389 <DISCONTINUED> 0 <EXTRAORDINARY> (469) <CHANGES> 0 <NET-INCOME> 11,920 <EPS-PRIMARY> .47 <EPS-DILUTED> .46