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 Corporation (NYSE: CW) has been selected by Progeny to deliver Modular Open System Approach (MOSA) computers and digital processing modules for the U.S. Navy's MK54 and MK48 torpedo upgrade programs. This contract is valued at $70 million and showcases Curtiss-Wright's leadership in rugged commercial-off-the-shelf (COTS) technologies. The modules are being shipped to facilities in Manassas, Virginia and Charleroi, Pennsylvania. The company emphasizes the rapid and cost-effective modernization of military platforms through open-standards solutions.
Curtiss-Wright Corporation (NYSE: CW) is set to release its first quarter 2022 financial results on May 4, 2022, after market close. A conference call will take place on May 5, 2022, at 10:00 am ET, with CEO
Curtiss-Wright Corporation (NYSE:CW) announced the successful verification of its Laser Peening process on the F-35 fighter jet's airframe components. This technology aims to extend the life expectancy of the F-35B, used by the U.S. Marine Corps and allied nations. Conducted at the Fleet Readiness Center East, the first F-35B has returned to service, making FRCE the first facility capable of on-site laser peening modifications. A second facility in Utah is scheduled to process its first F-35B in April 2022. This innovation supports Curtiss-Wright’s commitment to aerospace and defense technologies.
Curtiss-Wright Corporation (NYSE:CW) announced that
Curtiss-Wright Corporation (NYSE: CW) announced an agreement with Saddle Point Management to withdraw its proposals and director nominations for the upcoming 2022 Annual Meeting of Stockholders. CEO Lynn M. Bamford expressed appreciation for the constructive engagement and the focus on value creation ideas. Saddle Point's CEO acknowledged the company's strategy to increase defense exposure within its portfolio. The date of the Annual Meeting is yet to be announced, and stockholders are not required to take action at this time.
Curtiss-Wright Corporation (NYSE: CW) has filed a preliminary proxy statement with the SEC for its 2022 Annual Meeting, following nominations from Saddle Point Management, which owns approximately 0.298% of its shares. Saddle Point intends to nominate four individuals for the Board. Curtiss-Wright emphasizes its successful 'Pivot to Growth' strategy, with 2021 delivering a record operating margin of 17% and robust capital return, including $350 million in share repurchases. The Board's nominees possess diverse expertise, and the company urges Saddle Point to withdraw its nominations for a constructive dialogue.
Curtiss-Wright Corporation reported strong financial results for Q4 and full-year 2021, achieving record metrics. Q4 sales reached $667 million, with diluted EPS of $1.94 and adjusted EPS of $2.40, representing a 6% increase. Full-year sales were $2.5 billion, a 7% growth, with an adjusted operating margin of 17%, up 70 basis points. New orders totaled $676 million, up 19%. The company also completed $350 million in annual share repurchases. For 2022, guidance suggests total sales growth of 3% to 5% and adjusted EPS growth of 10% to 12%.
Curtiss-Wright Corporation (NYSE: CW) has declared a dividend of $0.18 per share on its common stock, set to be paid on April 14, 2022. The record date for stockholders is March 31, 2022. This decision reflects the company's commitment to returning value to its shareholders. Curtiss-Wright operates in the Aerospace, Defense, and Commercial markets, employing approximately 8,200 individuals globally. For more details, visit www.curtisswright.com.
Curtiss-Wright Corporation (NYSE: CW) has partnered with Teledyne FLIR Defense to enhance unmanned systems for the U.S. nuclear power market and the Department of Energy. This collaboration aims to modernize plant systems, improve worker safety, and lower operational costs through advanced technologies such as drones and robotics. With a long history in the nuclear sector, Curtiss-Wright's products are installed in all North American nuclear facilities. Teledyne FLIR brings extensive experience in unmanned systems, having delivered over 20,000 platforms globally, reinforcing this partnership's potential impact.
Curtiss-Wright Corporation has announced an agreement to acquire the Safran Aerosystems Arresting Company (SAA) for
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