Caterpillar

Caterpillar

Produces heavy construction and mining equipment

Component Design Engineer - Large Engine

Full-TimePosted on 9/29/2026Deadline 10/12/26
$112.7k - $169.1k/yr

+ Incentive bonus

Mid
Bachelor's
Mossville, IL, USA+1 more

More locations: Lafayette, IN, USA

In Person

On-site five days per week; relocation assistance is available. Travel may be required up to 20%.

No H1B Sponsorship

About the job

Requirements
  • A bachelor's degree in an accredited Engineering curriculum or relevant experience.
  • Extensive knowledge of analytical techniques and tools to determine root causes and develop alternative solutions.
  • Extensive understanding of effective communication concepts, tools, and techniques to transmit, receive, and interpret ideas, information, and needs.
  • Extensive knowledge of self-management practices to prioritize multiple concurrent objectives, projects, groups, or activities and allocate time effectively.
  • Extensive knowledge of a technology and its application methods to develop solutions to significant technical challenges.
  • Extensive knowledge of computer-aided design and engineering tools and techniques to produce, analyze, simulate, and test product design drafts.
  • Extensive knowledge of product design processes, approaches, tools, and techniques to convert customer and market requirements into product design.
  • Extensive knowledge of product features and the ability to design, build, and develop products, technologies, or services from concept through production.
Responsibilities
  • Design core engine components as part of a global valvetrain team.
  • Design and promote new components and subprocesses.
  • Evaluate product design, reliability, durability, validation cost, product cost, and compliance with program requirements.
  • Apply New Product Implementation processes to conduct Failure Mode and Effects Analyses, formulate validation plans, and complete validation activities.
  • Evaluate new products, processes, and systems, including supplier change requests.
  • Complete projects on time and within cost for New Technology Introduction, New Product Implementation, Continuous Product Improvement, and New Supplier Introduction programs.
  • Communicate results to customers, suppliers, team members, and other business units.
  • Lead supplier collaboration and Continuous Product and Process Development.
  • Concept, develop, and design components and systems for diesel, natural gas, and alternative-fuel reciprocating engines.
  • Provide technical guidance to global teams and mentor and coach team members.
  • Work with engineers, agency employees, manufacturing, global purchasing, and suppliers to design, release, and validate core engine components for current and future programs and projects.
Desired Qualifications
  • Heavy-duty reciprocating engine design or development experience.
  • Initiative, honesty, and accountability when leading small teams.
  • Experience collaborating with manufacturing, logistics, purchasing, test and development, and other engineering groups.
  • Ability to manage multiple critical projects and prioritize work.
  • Basic understanding of numerical simulation, inputs, and interpretation of results.
  • Working knowledge of Caterpillar engineering systems.
  • Experience with Advanced Product Quality Planning, Continuous Product and Process Development, Failure Mode and Effects Analyses, and the design team's role in releasing quality components.
  • Strong mechanical aptitude and ability to develop product concepts.
  • Experience with 3D modeling software used in engineering design and visualization.
  • Application knowledge of large mining trucks, marine engines, locomotives, petroleum engines, and electric power generation.

About the company

Caterpillar designs and manufactures heavy machinery and engines for construction, mining, energy, and rail projects. It sells heavy equipment, engines, parts, and services worldwide, and also provides financing options and aftermarket maintenance and repair. The company differentiates itself through its global scale, integrated sales-partssupport-financing ecosystem, and a large maintenance network that keeps customers’ fleets running. Its goal is to help customers complete large-scale projects safely, efficiently, and sustainably, while supporting communities and environmental responsibility through initiatives like the Caterpillar Foundation.

Company Size

10,001+

Company Stage

IPO

Headquarters

Irving, Texas

Founded

1925

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Simplify's Take

What believers are saying

  • Second-quarter 2026 revenue reached $20.5 billion, and backlog hit $72.1 billion.
  • September 2026 FieldAI and Luck Stone deals deepen Caterpillar’s AI and autonomy pipeline.
  • Joe Creed said September 2026 power projects run past backlog, with some orders into 2030.

What critics are saying

  • Caterpillar’s 2026 capacity build risks overexpansion if data-center orders normalize by 2028.
  • The 2026 NLRB case against Caterpillar Logistics signals recurring labor friction and legal distraction.
  • At 35x trailing earnings, any 2027 demand miss can cut the stock sharply.

What makes Caterpillar unique

  • Caterpillar’s 2026 aftermarket base locks in decades of parts and service revenue.
  • Its autonomy stack spans hauling, inspections, and digital twins across industrial sites.
  • Power and Energy supplies prime power for data centers, not just standby generators.

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Benefits

Annual incentive bonus plan

Medical, dental, and vision coverage

Paid time off plan (Vacation, Holiday, Volunteer, Etc.)

401k savings plan

Health savings account (HSA)

Flexible spending accounts (FSAs)

Disability benefits

Life Insurance

Parental leave

Healthy Lifestyle Programs

Employee Assistance Programs

Voluntary Benefits and Employee Discounts

Tuition Reimbursement

Career Development

Growth & Insights and Company News

Headcount

6 month growth

↑ 2%

1 year growth

↑ 2%

2 year growth

↑ 2%
Yahoo Finance
Sep 24th, 2026
Caterpillar's $72B backlog surges on AI demand, driving record $7.77 earnings per share

Caterpillar reported strong second-quarter 2026 results, with revenue increasing 24% year-on-year to $20.5 billion. The construction and heavy machinery company's earnings per share reached $7.77. The company's order backlog now stands at a record $72 billion, up $35 billion from the previous year. Caterpillar is benefiting from AI-related infrastructure demand, which is providing multiyear revenue visibility and reducing its dependence on traditional construction cycles. Analysts have set an average price target of $975 for the stock, which currently trades around $800 per share. However, the company's trailing P/E ratio has risen above 35, significantly higher than industry averages and its historical norm. Despite the elevated valuation, the company's strong demand outlook and reduced cyclicality support its position amongst industrial stocks.

Yahoo Finance
Sep 16th, 2026
Caterpillar stock falls 26% as $72B order book nears annual revenue amid data centre and construction demand questions

Caterpillar's shares have fallen 26% from their 52-week high, but the company holds a $72 billion order book, nearly matching its $74.7 billion in trailing twelve-month revenue. The backlog grew 92% year-over-year, with 59% expected for delivery within twelve months. Power & Energy drives growth, with second-quarter sales to power generation users up 72% on data centre demand. Lead times for gas engines extend into late 2028 and 2029. The company converted a Kansas plant in under twelve months to meet demand. Construction Industries saw sales to users grow 22% in the second quarter, the sixth consecutive quarter of growth. Management expects full-year 2026 growth despite anticipated dealer inventory reductions in the fourth quarter. The company is already taking orders into 2029 and 2030.

PR Newswire
Sep 15th, 2026
Luck Stone expands Caterpillar autonomous hauling to two new quarries after Bull Run success

Luck Stone is expanding its use of Caterpillar's autonomous hauling technology to two additional quarry sites in Virginia. The aggregates producer will deploy the system across fleets of Cat 775 trucks at its Boscobel and Bealeton locations, marking the first deployment of Caterpillar's autonomous solution on this truck model. The expansion follows a successful collaboration at Luck Stone's Bull Run site, where autonomous technology improved safety and production consistency whilst creating new skill development opportunities for workers. Caterpillar's autonomous trucks have collectively hauled over 13 billion tonnes and travelled more than 455 million kilometres with no reported injuries. The implementation is supported by local Cat dealer Carter Machinery and integrates with complementary technologies for loaders and other site equipment. Luck Stone, the largest family-owned aggregates producer in the US, views autonomy as a way to address industry challenges including safety, consistent production and talent development.

Yahoo Finance
Sep 11th, 2026
Caterpillar adds capacity betting on data centre demand through 2030

Caterpillar stock rose 94% over the past twelve months, driven partly by surging data center demand. Power generation sales to users grew 72% in the second quarter of 2026, with the Power & Energy segment booking $8.2 billion in sales. The company is racing to expand capacity, lifting new turbine production to 2.5 times 2024 levels. Lead times on gas prime power now extend to late 2028, with some orders placed as far out as 2030. However, analysts question whether data center demand will sustain through the decade. At $805 per share, Caterpillar's valuation assumes 17.4% annual revenue growth. Management expects new capacity to reach cash payback by decade's end, but aftermarket revenue from installed units won't materialise until after 2030. If data center orders cool before capacity investments pay off, growth could fall short of market expectations.

Yahoo Finance
Sep 2nd, 2026
Caterpillar partners with $400M-backed FieldAI to deploy AI and robotics across industrial sites

Caterpillar Inc. has announced a collaboration with FieldAI to deploy artificial intelligence, robotics, and digital twin technology across industrial jobsites and manufacturing facilities. The partnership combines Caterpillar's operational data and engineering capabilities with FieldAI's robot-agnostic autonomy software and foundation models. Initial applications include autonomous inspections, real-time digital twins of facilities, and situational awareness tools. The companies are using Nvidia accelerated computing and Nvidia Omniverse technologies to develop high-fidelity digital twins based on operational data. FieldAI has raised more than $400 million from investors including Bezos Expeditions, Khosla Ventures, Temasek, and NVentures. Caterpillar reported sales and revenues of $67.6 billion for 2025. No financial terms for the collaboration were disclosed.