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 awarded a contract by Scientific Research Corporation (SRC) to supply its Fortress flight recorder system for upgrading the T-6 Texan II trainer aircraft, utilized by the U.S. Air Force and Navy. This contract showcases Curtiss-Wright's strengths in leveraging commercial market technologies for military applications. The Fortress CVR25, combining cockpit voice and flight data recorders, will enhance flight safety and pilot training programs, adhering to ED-112A standards.
Curtiss-Wright Corporation (NYSE: CW) will host a Virtual Investor Day on May 26, 2021, from 8:30 a.m. EDT to 11:30 a.m. EDT. The event features key presentations from senior management, including Lynn M. Bamford, K. Christopher Farkas, and Kevin M. Rayment. Attendees will learn about the company's strategy for long-term growth and new financial targets, followed by a Q&A session. A live webcast will be available on the company's Investor Relations website, with registration encouraged. An archived replay will be accessible for one year.
Curtiss-Wright Corporation (NYSE: CW) is set to release its first quarter 2021 financial results after trading on May 5, 2021. A conference call will follow on May 6, 2021, at 10:00 am ET, featuring CEO Lynn M. Bamford and CFO K. Christopher Farkas. The financial results will be accessible on their Investor Relations website, along with a webcast for those unable to attend live. Domestic and international dial-in numbers are provided for the conference call, and replays will be available post-event.
Curtiss-Wright (NYSE: CW) has secured a contract from Lockheed Martin to supply rugged COTS processor modules for the F-22 Raptor, enhancing its avionics systems. This milestone aligns with the USAF's Digital Trinity for e-systems, aiming for cost-effective upgrades. The processor card, the first of its kind for the F-22, underwent rigorous testing to meet stringent environmental standards. Manufacturing started in Q4 2020, with shipments expected through 2023. This partnership reflects a commitment to open standards in defense systems.
Curtiss-Wright Corporation (NYSE: CW) announced that Lynn M. Bamford, President and CEO, and K. Christopher Farkas, CFO, will participate virtually in the Bank of America Global Industrials Conference on March 17, 2021. There will be no formal presentation or webcast. Interested parties can access the latest slide presentation in the Investor Relations section of Curtiss-Wright’s website. The company specializes in delivering engineered products and services across various markets, employing about 8,200 people globally.
Curtiss-Wright Corporation (NYSE: CW) reported its Q4 and full-year 2020 results, highlighting a diluted EPS of $1.30 and adjusted EPS of $2.39, a 12% increase. The company's free cash flow reached a record $246 million, with adjusted free cash flow up 3% to $256 million. While Q4 net sales rose 2% to $668 million, full-year sales decreased by 4% to $2.4 billion. The defense segment saw a 27% sales increase, but commercial markets were down 18%. Looking ahead, Curtiss-Wright forecasts mid-to-high single-digit growth for 2021 across sales and earnings.
Curtiss-Wright Corporation (NYSE: CW) has announced the promotion of Kevin M. Rayment to Chief Operating Officer, effective April 1, 2021, succeeding Tom P. Quinly, who will retire after 16 years in the role. Rayment, currently President of the Commercial / Industrial Segment, is credited with significant contributions to the company's strategic growth and financial performance. He has extensive experience in various industries, having joined Curtiss-Wright in 2004. The company expressed gratitude for Quinly's leadership and achievements during his tenure, including operational excellence and margin expansion.
Curtiss-Wright Corporation (NYSE: CW) declared a dividend of $0.17 per share on its Common Stock. This dividend is payable on April 16, 2021 to stockholders of record by March 30, 2021. The company continues to maintain strong relationships within the commercial, industrial, defense, and energy markets, employing approximately 8,200 people globally. This announcement reflects Curtiss-Wright's commitment to returning value to shareholders while ensuring sustained operational reliability.
Curtiss-Wright Corporation (NYSE: CW) and Honeywell (NYSE: HON) have announced that their new 25-hour Cockpit Voice Recorder (CVR) has received EASA Technical Standard Order certification. The Honeywell Connected Recorder-25 (HCR-25) exceeds the upcoming EASA regulation for aircraft over 27,000 kilograms. This innovative recorder enhances flight data collection and accessibility for maintenance and operational insights. Developed for both new and retrofit applications, the HCR-25 is lightweight and features a 90-day underwater locator beacon.
Curtiss-Wright Corporation (NYSE: CW) is set to announce its fourth quarter and full-year 2020 financial results on February 24, 2021, after market close. A conference call will follow on February 25, 2021, at 10:00 am ET, featuring management discussions on performance and future expectations. Key executives, including Executive Chairman David C. Adams and CEO Lynn M. Bamford, will lead the call. Investors can access the financial materials via the company's Investor Relations website.
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