C

Caterpillar

Makes heavy machinery, engines and gas turbines

Engineering Co-op - Corporate Parallel Co-op Program

InternshipUpdated on 10/23/2026Deadline 12/31/26
$25 - $43/hr+ Housing stipend + Relocation assistance
Bachelor's
Champaign, IL, USA+5 moreMore locations: Decatur, IL, USA | Mossville, IL, USA | Tucson, AZ, USA | Green Valley, AZ, USA | Lafayette, IN, USA
In PersonOnsite five days per week during summer; students at Illinois, Purdue, and Ohio State work from their local campus office on school-year workdays.
Mechanical EngineeringDesign Engineering
No H1B Sponsorship

About the job

Requirements
  • Must be enrolled full-time in a four-year university or college and pursuing an ABET-accredited degree in Mechanical, Electrical, Computer, Agricultural, or Aerospace Engineering or Engineering Technology at application and throughout the program.
  • Must have a minimum cumulative GPA of 3.0/4.0 at the current institution, without rounding.
  • Knowledge of engineering principles, theory, and experience gained through projects, internships, or relevant work experiences.
  • Fundamental understanding of engineering in a manufacturing environment and the ability to design and implement materials, structures, machines, devices, systems, and processes that safely realize a desired objective or invention.
  • Ability to organize and manage multiple projects simultaneously and quickly gain and effectively apply new skills and knowledge.
  • Strong written and verbal communication skills.
  • Must submit a resume and unofficial transcript with the application.
Responsibilities
  • Work alongside engineering teams to complete design and simulation tasks in support of Caterpillar product development.
  • Engineer product components and systems to meet customer needs, collaborating with cross-functional teams throughout the value chain from initial concept through production.
  • Perform computational fluid dynamics using ANSYS, finite element analysis, 3D modeling, root-cause investigation, system, subsystem, and component design optimization, structural dynamics, and development and optimization of engine, aftertreatment, battery, fuel-cell, powertrain, and/or machine-system performance.
  • Apply mechanical engineering knowledge in hands-on test and validation work, troubleshoot issues, and collaborate with others to achieve results.
  • Develop and implement control-system algorithms using MATLAB/Simulink for systems including engine, machine-implement, and powertrain controllers; understand feature requirements, implement features, and test them before production rollout.
  • Design and test electronic control modules and components; understand requirements with internal clients, work with suppliers on component design and validation, and test components in various environments.
  • Design printed circuit board schematics; perform digital, analog, and power-circuit analysis and testing; and ensure failure mode and effects analyses are conducted and documented to meet Caterpillar quality requirements.
  • Develop embedded software in C, C#, and/or C++ for electronic control modules, including applications for datalink communications, sensor and actuator inputs and outputs, speed calculation, injection and spark timing, memory management, CPU optimization, and multicore design and implementation.
  • Develop automation scripts in Python and/or Visual Basic.
  • Verify electronic-system features or control-system algorithms on hardware-in-the-loop simulator benches or software-in-the-loop systems; understand feature requirements and controller or control-system schematics, verify functionality, debug and report anomalies, and help validate fixes.
  • Apply computer coding, Python, analytics and data science experience, machine-learning concepts and tools, engineering fundamentals, and statistics to engineering data analytics.
  • Apply mechanical, manufacturing, systems, and/or industrial engineering knowledge to analyze and optimize engineering processes.
Desired Qualifications
  • Management experience.
  • Previous technical internship, co-op, research, or other relevant experience.
  • Current Caterpillar intern or trainee.

About the company

Caterpillar makes construction and mining machines, diesel and natural gas engines, industrial gas turbines and locomotives for contractors, mines, energy companies and data center builders. It is the world's largest maker of construction and mining equipment, and its yellow Cat bulldozers and excavators work in nearly every country. Customers buy or rent machines through independent Cat dealers, while its engines and turbines generate electricity and push natural gas through pipelines. Caterpillar earns money from equipment sales and from the parts and repairs that dealers supply over a machine's working life. It was formed in 1925 when California's Holt and Best tractor companies merged, and it is based in Irving, Texas.

Company Size

10,001+

Company Stage

IPO

Headquarters

Irving, Texas

Founded

1925

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Simplify Jobs

Simplify's Take

What believers are saying

  • Data centers drive growth: power generation sales jumped 72% in the June 2026 quarter on demand for generators and turbines.
  • Factory hiring is growing: a $1 billion North Carolina plant, announced September 2026, is expected to create 1,950 jobs.
  • Recurring service work adds stability: parts and service brought in $24 billion in 2025, over a third of sales.

What critics are saying

  • Tariffs keep getting costlier: in August 2026, Caterpillar forecast $2.2 billion of 2026 tariff costs, up from 2025's $1.8 billion.
  • Patent fight threatens imports: in December 2025, rival Bobcat asked US trade regulators to ban some Cat loaders and excavators.
  • Expect five office days a week: since June 2025, US office staff must come in daily, and attendance affects reviews.

What makes Caterpillar unique

  • Power, not bulldozers, is its biggest business: engines and turbines brought in $28.6 billion in 2025, topping construction's $25.1 billion.
  • It runs its own lender: Cat Financial's overdue loans fell to 1.31% in June 2026, the lowest since 1998.
  • It also makes gas turbines: San Diego-based Solar Turbines builds 1 to 39 megawatt units for pipelines and power.

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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

Growth & Insights and Company News

6 month growth

1%

1 year growth

2%

2 year growth

2%
CNBC
Oct 21st, 2026
Tokenized stock trading surges overseas to $11.31B on Robinhood Chain as Goldman, Microsoft object in US

Tokenized stock trading is growing overseas while major US companies resist it at home, according to Bitwise Asset Management's latest quarterly report. On Robinhood Chain, tokenized stock volume rose from $526 million in July to $2.21 billion in August, then to $11.31 billion in September. Tokenized equities were also the fastest-growing category on Solana. Goldman Sachs, Microsoft, Qualcomm, Caterpillar, McDonald's, Western Digital, and Alphabet have objected to tokenized versions of their shares trading on OKXICE, a venue launched by crypto exchange OKX and Intercontinental Exchange. Sixteen companies have now objected. The US Securities and Exchange Commission's innovation exemption lets companies opt out. OKXICE co-chairman Andrew Cuomo said many companies would "wait and see" before taking part.

PR Newswire
Oct 14th, 2026
Caterpillar maintains $1.63 quarterly dividend, with record date corrected to October 26

Caterpillar Inc. has kept its quarterly dividend at $1.63 per share of common stock. The board of directors voted to maintain the payout, which is due November 19 to shareholders of record at the close of business on October 26. Caterpillar has paid a quarterly dividend since 1933. This payment will mark 33 consecutive years of higher annual dividends, and the company is a member of the S&P 500 Dividend Aristocrats Index. The company reported 2025 sales and revenues of $67.6 billion.

Yahoo Finance
Oct 13th, 2026
Caterpillar's $72B backlog tests data centre power boom as stock trades at 33.9 times earnings

Caterpillar's shares trade at 33.9 times earnings, against 21.9 for the S&P 500. A concern raised on its August 4, 2026 earnings call is that data centres may slow their orders for its power equipment in a few years. Power generation sales to end users rose 72% in the second quarter, driven by demand for large gensets and turbines. Management said no customer is slowing down. Power & Energy, its largest segment, had $32.2 billion in revenue in fiscal 2025, up 11.6%, and $8.2 billion in the latest quarter, up 17%. Some customers are ordering as far out as 2030. Backlog stood at $72 billion, with 59% due for delivery within twelve months. The stock is down 24.8% from its 52-week high but returned 61% over the past year.

Yahoo Finance
Oct 13th, 2026
Analysts favour Caterpillar over Deere, seeing 20% upside versus 10%

Analysts see more upside in Caterpillar than in Deere, based on Wall Street price targets. The average target for Caterpillar is about $971, 20% above its $811 share price. Deere's average target is about $694, roughly 10% above its $633 price. Both stocks have had a strong 2026. Caterpillar is up 41% year to date and Deere about 36%, against 14% for the S&P 500. Caterpillar's second-quarter revenue rose 24% to $20.5 billion, and adjusted earnings per share jumped 73%. Power and energy sales surged 72% on data centre demand, and its order backlog hit $72 billion, up 92% in a year. Deere's third-quarter revenue rose 5% to $12.6 billion, with earnings per share up 7.3% to $5.10. It expects agricultural equipment demand to recover in 2027.

Yahoo Finance
Oct 10th, 2026
Caterpillar hits record $20B quarter while Corning targets $40B by 2030

Investors weighing Caterpillar against Corning are choosing between industrial infrastructure and technological innovation. Caterpillar, a construction and mining equipment manufacturer, generated $67.6 billion in revenue in FY 2025, up 4.3%, though net income fell to $8.9 billion from $10.8 billion the previous year. Corning, a materials science company supplying optical communications and display technologies, posted stronger growth. Its FY 2025 revenue reached $15.6 billion, up 19.1%, whilst net income surged to $1.6 billion from $506 million. The company secured a multi-billion-dollar supply agreement with AT&T extending through 2030. Caterpillar trades at a forward P/E of 30.0x versus Corning's 49.7x, reflecting Corning's faster growth trajectory. Corning's optical communications business grew over 30% year-over-year, driven by AI data centre demand, with ambitious revenue targets of $20 billion by end-2026 and $40 billion by 2030. Despite Caterpillar's record backlog and reliable dividend, Corning's AI infrastructure exposure offers more compelling growth potential for patient investors.