Welcome to our dedicated page for Curtiss-Wright news (Ticker: CW), a resource for investors and traders seeking the latest updates and insights on Curtiss-Wright stock.
Curtiss-Wright Corporation (NYSE: CW) is a diversified, multinational provider of highly engineered, technologically advanced products and services. Founded through the merger of companies established by the Wright brothers and Glenn Curtiss in 1929, Curtiss-Wright has evolved from being the largest aircraft company of its time to a global leader in innovative solutions for various industries.
Today, Curtiss-Wright operates in multiple sectors, including commercial, industrial, defense, and energy markets. The company designs and manufactures advanced technologies that perform critical functions under demanding conditions. Their range of products includes industrial vehicle components, control systems, weapons handling systems, pumps, valves, and other sophisticated solutions.
Curtiss-Wright is structured into three main operating segments:
- Naval & Power: This segment provides essential products such as coolant pumps, power-dense compact motors, generators, secondary propulsion systems, valves, and control rod drive mechanisms. It represents a significant portion of the company's revenue.
- Aerospace & Industrial: This division caters to the aerospace and various industrial markets, offering high-performance platforms that demand technical excellence.
- Defense Electronics: This segment focuses on advanced electronic solutions for defense applications, ensuring reliability and performance in critical scenarios.
With operations in the United States, the United Kingdom, Canada, and several other international locations, Curtiss-Wright is well-positioned to serve a global clientele. The company's dedication to innovation and quality has cemented its reputation as a key player in its industry.
Recent achievements and ongoing projects highlight Curtiss-Wright's commitment to excellence. The company continues to secure significant contracts and develop cutting-edge technologies that drive its growth and maintain its competitive edge. Financially, Curtiss-Wright remains robust, consistently delivering solid performance and value to its shareholders.
For investors seeking the latest updates and relevant information about Curtiss-Wright's stock performance, events, and developments, keeping an eye on their latest news and announcements is essential.
Curtiss-Wright (NYSE: CW) announced the retirement of Paul J. Ferdenzi, Vice President, General Counsel and Corporate Secretary, after 25 years with the company. George P. McDonald, who has served as Deputy General Counsel since May 2024 and previously as Associate General Counsel since 1999, has been promoted to fill these roles effective immediately. Ferdenzi will continue as Vice President until year-end to assist with the transition. McDonald, who will report to CEO Lynn M. Bamford, brings extensive experience in corporate transactions and acquisition due diligence, having previously served as chief legal officer to the 's Industrial and Nuclear Divisions since 2015.
Curtiss-Wright (NYSE: CW) has announced a quarterly dividend declaration. The company's Board of Directors has approved a dividend payment of $0.21 per share on Curtiss-Wright Common Stock. The dividend will be paid on December 3, 2024, to stockholders who are on record as of November 22, 2024.
Curtiss-Wright (NYSE: CW) announced its participation in the Baird 2024 Global Industrial Conference. Chair and CEO Lynn M. Bamford and CFO K. Christopher Farkas will engage in a fireside chat discussion on Thursday, November 14, 2024, at 9:40 am CT (10:40 am ET). The event will include a simultaneous webcast, with no formal presentation planned. The webcast link and latest slide presentation will be available on Curtiss-Wright's website, with a 90-day replay period following the discussion.
Curtiss-Wright (NYSE: CW) reported strong Q3 2024 results with sales of $799 million, up 10% year-over-year. The company achieved an operating income of $145 million with an 18.1% operating margin and diluted EPS of $2.89. Notably, new orders reached $860 million, reflecting a 1.1x book-to-bill ratio, while backlog grew 16% year-to-date to $3.3 billion. Based on strong performance, Curtiss-Wright raised its full-year 2024 guidance, now expecting 7-9% sales growth and diluted EPS of $10.55-$10.75, representing 12-15% growth.
Curtiss-Wright (NYSE:CW) congratulates X-Energy Reactor Company on its collaboration with Amazon to generate and deliver over 5 gigawatts of new power projects across the U.S. by 2039, marking the largest commercial deployment target of Small Modular Reactors (SMRs) to date. The partnership aims to support carbon-free projects using X-energy's Xe-100 advanced SMRs and includes long-term power purchase agreements for Amazon's operations, including data centers.
X-energy plans to build one of North America's first grid-scale advanced nuclear reactors in Washington state, initially supporting a four-unit 320-megawatt high-temperature gas reactor plant with potential expansion to 12 units and 960 MW. Curtiss-Wright, as a preferred strategic supplier, is designing and developing three critical systems for the Xe-100 reactor: the Helium Circulator System, Fuel Handling System, and Reactivity Control and Safe Shutdown System.
Curtiss-Wright (NYSE: CW) has announced that it will release its third quarter 2024 financial results after the close of trading on Wednesday, October 30, 2024. The company will hold a webcast conference call on Thursday, October 31, 2024 at 10:00 am ET for management to discuss the financial performance.
The call will be hosted by Lynn M. Bamford, Chair and CEO, and K. Christopher Farkas, VP and CFO. Investors can access the webcast, financial press release, and presentation through the Investor Relations section of Curtiss-Wright's website. For those unable to attend the live webcast, a replay will be available on the company's website shortly after the call.
Curtiss-Wright's Nuclear Division and Westinghouse Electric Company have signed a Memorandum of Understanding (MoU) to support AP1000® and AP300™ projects in Canada. This collaboration aims to leverage Curtiss-Wright's extensive portfolio of advanced nuclear power equipment, technology, and services to complement Westinghouse's resources in new build opportunities.
Kurt Mitchell, Senior Vice President and General Manager of Curtiss-Wright's Nuclear Division, emphasized the company's commitment to de-carbonizing the existing energy infrastructure through clean, reliable, and affordable energy solutions. The partnership underscores Curtiss-Wright's dedication to delivering innovative, safety-critical solutions to their customers while supporting the advancement of Westinghouse's reactor technologies in Canada and globally.
Curtiss-Wright (NYSE: CW) has announced a $100 million expansion of its 2024 share repurchase program, bringing the total expected annual share repurchases to $150 million in 2024. The company's Board of Directors has also declared a quarterly dividend of $0.21 per share on Curtiss-Wright Common Stock, payable on October 11, 2024. CEO Lynn M. Bamford emphasized the company's commitment to a disciplined capital allocation strategy, focusing on organic growth, strategic acquisitions, and returning capital to shareholders. The expanded program reflects the Board's confidence in Curtiss-Wright's ability to deliver profitable growth and strong free cash flow generation. The company is currently executing its existing $50 million share repurchase program and will begin the additional $100 million repurchase immediately via a 10b5-1 program.
Curtiss-Wright (NYSE: CW) has been awarded a $26 million multi-year contract by the Belgian Air Force to modernize its aircraft arresting systems. The contract includes providing new cable systems and turnkey services to three airbases in preparation for the F-35 delivery to Belgium. Curtiss-Wright will equip the main and parallel runways of Florennes, Kleine-Brogel, and Bevauchain Air Bases with standardized configurations.
The contract also covers various services, spares, repair, and overhaul to support Belgian Air Force's military flight operations. Curtiss-Wright's ESCO SmartArrest® system, a computerized version of the ESCO BAK-12 energy absorber, will be implemented to ensure automatic arrestment of multiple fighter jet platforms. The work will be performed within Curtiss-Wright's EMS division in the Naval & Power segment, with manufacturing taking place in Aston, Pa, and Merpins, France.
Curtiss-Wright (NYSE: CW) is celebrating its 95th anniversary of listing on the New York Stock Exchange by ringing The Closing Bell® on August 29, 2023. The company, which began trading on the NYSE on August 22, 1929, is one of the 50 longest-listed companies on the exchange.
Chair and CEO Lynn M. Bamford will ring the bell, accompanied by executive leadership team members and guests. Curtiss-Wright traces its origins to aviation pioneers Glenn H. Curtiss and the Wright Brothers, formed through a merger on July 5, 1929.
The company continues to embrace innovation through investments in advanced technologies and is executing its Pivot to Growth strategy for long-term success. The event will be webcast live at 3:56 p.m. EDT via www.nyse.com/bell.
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