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October 21, 2025

$725M capital expansion of large engine facility tackles rising energy demand, provides AI/data center leadership

IRVING, Texas, Oct. 21, 2025 — Caterpillar Inc. (NYSE: CAT) announced that Indiana will be among the first states to receive funding from its five-year, $100 million workforce pledge and has committed up to $5 million to training and upskilling efforts across the state. The pledge, announced as part of the company’s Centennial celebration, aims to grow interest in advanced manufacturing careers and prepare U.S. workers for the future, unlocking quality jobs and industry-wide innovation.

Caterpillar $725M facility expansion
Caterpillar’s $725 million facility expansion includes advanced machinery to expand capacity.

“The future workforce will need skills for what comes next,” said Caterpillar Chief Human Resources Officer Christy Pambianchi. “We have our experts working on innovative training and resources to help skill and inform the next generation on how to navigate the worksite of tomorrow, and we’re excited to be starting here in Indiana to enable U.S. workers to enter high-quality jobs in the American manufacturing industry.”

Caterpillar will announce future workforce pledges in other states soon.

“Indiana is proud to be among the first states selected for Caterpillar’s workforce investment, which is a testament to our pro-growth policies, world-class workforce, and reputation as one of the best states in America to start and grow a business,” said Governor Mike Braun. “Caterpillar’s continued commitment to Indiana demonstrates the strength of our business climate and our shared vision for the future of American manufacturing. We look forward to working together to prepare more Hoosiers for the high-quality careers of tomorrow.”

Cat 3500 engine
The Cat® 3500 engine uses 5,500 parts from over 500 U.S. suppliers in 33 states.

The future workforce announcement was made at Caterpillar’s large engine facility in Lafayette, Indiana, which recently announced a $725 million capital expansion — one of the largest single manufacturing investments in the company’s global history — to greatly increase engine production and help meet the nation’s growing power needs.

“The demand for energy is increasing like never before,” said Jason Kaiser, Caterpillar Energy & Transportation Group President. “Many of the engines manufactured here in Lafayette will support power generation customers by providing reliable power — keeping operations running during outages and helping meet the growing energy needs driven by AI, data centers and other critical infrastructure across America and around the world.”

One of America’s oldest manufacturers, Caterpillar operates more than 65 primary locations across 25 states and works with independent dealers coast to coast. As a net exporter, Caterpillar’s U.S. operations build products shipped around the world; the company reports growth in U.S. exports since 2016.

Caterpillar employs approximately 51,000 people in the United States, including more than 4,100 workers at 12 facilities across Indiana.

About Caterpillar

With 2024 sales and revenues of $64.8 billion, Caterpillar Inc. is a leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For 100 years, the company has supported customers in building a better, more sustainable world and is contributing to a reduced-carbon future. Caterpillar operates principally through three primary segments — Construction Industries, Resource Industries and Energy & Transportation — and provides financing and related services through its Financial Products segment. Visit caterpillar.com for more information.

Forward-Looking Statements

Certain statements in this press release relate to future events and expectations and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “believe,” “estimate,” “will be,” “will,” “would,” “expect,” “anticipate,” “plan,” “forecast,” “target,” “guide,” “project,” “intend,” “could,” “should” or other similar words or expressions often identify forward-looking statements. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding outlook, projections, forecasts or trend descriptions. These statements do not guarantee future performance and speak only as of the date they are made. Caterpillar’s actual results may differ materially from those described or implied in these forward-looking statements based on a number of factors, including economic conditions, commodity price changes, material shortages, political and trade policies, competitive environment, cybersecurity threats, labor matters, legal proceedings, and other risks described in Caterpillar’s filings with the Securities and Exchange Commission.

Source: Caterpillar Inc.