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 provides highly engineered products, solutions and services for Aerospace & Defense markets and critical technologies for commercial nuclear power, process and industrial markets. Company news commonly covers quarterly results and guidance, orders and sales trends in defense, commercial aerospace, naval defense, commercial nuclear, process and general industrial applications.
Updates also include program awards and technology milestones, such as mission computer systems for military aircraft, actuation equipment, sensors, surface treatment services, industrial valves, off-highway vehicle products, and reactor-related systems. Capital-return announcements cover common-stock dividends, share repurchase authorizations and Rule 10b5-1 repurchase plans.
Curtiss-Wright (NYSE: CW) has secured multiple contracts to provide turret drive aiming and stabilization technology to Rheinmetall for two major European defense programs. The contracts cover the supply of Turret Drive Stabilization System (TDSS) for the German Army's Boxer Heavy Weapon Carrier and the Hungarian Ministry of Defence's Lynx infantry fighting vehicles (IFV).
The TDSS technology will enable these ground vehicles to maintain target accuracy while moving at full speed. For the German Army contract, shipments will run through 2029. The Hungarian contract consists of two phases, with Phase 1 involving TDSS systems manufactured in Switzerland, and Phase 2 including production in both Switzerland and Australia, with shipments scheduled through 2027.
Curtiss-Wright's Defense Solutions Division has secured a $50 million firm-fixed-price IDIQ contract from Naval Air Systems Command for high-speed data acquisition systems hardware and repair services. The contract extends through January 2030 and covers their complete flight test instrumentation product line.
The agreement encompasses data acquisition units, network switches, recorders, gateways, Ethernet radios, RF transmitters, C-Band transponders, and high-speed cameras for military aircraft. It will support multiple platforms including F-35, F-18, CH-53K, E-2D, EA-18, C-130, and future U.S. Navy development programs.
This contract renewal, previously active for over 15 years, demonstrates Naval Air Systems Command's continued trust in Curtiss-Wright's flight test instrumentation technology reliability and performance.
Curtiss-Wright has secured an $18 million follow-on order from the U.S. Marine Corps' PEO Land Systems for tactical communications technology supporting the Combat Data Network (CDN) program. The contract involves supplying PacStar 400-Series technology, including PacStar 451 Server, PacStar 453 GPU Enhanced Server, and PacStar 448 10-port 10 GbE Switch modules.
This order follows a previous $15 million contract in 2023 for the same CDN/ASM program. The technology provides small form factor ruggedized compute and switching capability at the tactical edge, improving mobility and deployment speed while enhancing transmission rates and data access.
This contract reinforces Curtiss-Wright's position as a trusted supplier for the U.S. Marine Corps, building upon previous selections for the CDN program components including WAN Services Module – Light (2020), User Access Case (2021), and WAN Services Module – Expeditionary (2022).
Curtiss-Wright (NYSE: CW) has secured two significant contracts from TerraPower for their Natrium advanced nuclear reactor project. The company will develop and deliver a Training Simulator (TSN) and Distributed Control Systems (DCS) for the plant. The TSN will simulate plant operations for operator training, while the DCS will automate plant control processes.
Additionally, Curtiss-Wright will develop two control systems: the Nuclear Island Control system (NIC) and Energy Island Control system (EIC). These contracts build upon previous awards for developing the Reactor Protection System and Engineering Simulator software.
The Natrium reactor, a 345-megawatt sodium fast reactor, features innovative molten salt energy storage technology providing gigawatt-scale storage capacity. TerraPower's project, supported by the U.S. Department of Energy's $3.2 billion Advanced Reactor Demonstration Program, is being constructed in Kemmerer, Wyoming, with expected completion by 2030.
Curtiss-Wright (NYSE: CW) reported strong Q4 and full-year 2024 results, with Q4 sales reaching $824 million (up 5%) and full-year sales hitting $3.1 billion (up 10%). The company achieved record financial performance across multiple metrics in 2024, including:
- Q4 adjusted operating income of $163 million with 19.8% margin
- Q4 adjusted diluted EPS of $3.27, up 3%
- Full-year adjusted operating income of $546 million, up 11%
- Full-year adjusted diluted EPS of $10.90, up 16%
- Record free cash flow of $483 million
New orders reached $3.7 billion in 2024, up 20%, driven by strong Aerospace & Defense market demand. The company's backlog grew 20% to $3.4 billion. For 2025, Curtiss-Wright projects 7-8% sales growth, 40-60 basis points operating margin expansion, and double-digit EPS growth.
Curtiss-Wright (NYSE: CW) announced that its Board of Directors has declared a quarterly dividend of $0.21 per share on its Common Stock. The dividend will be paid on April 14, 2025, to stockholders of record as of March 27, 2025.
Curtiss-Wright (NYSE: CW) has announced a time change for its fourth quarter and full-year 2024 financial results conference call. The company will release its financial results after market close on Wednesday, February 12, 2025, followed by a webcast conference call on Thursday, February 13, 2025, at 11:00 am ET.
The conference call will be hosted by Lynn M. Bamford, Chair and CEO, and K. Christopher Farkas, VP and CFO, who will discuss the company's financial performance and 2025 outlook. Domestic callers can dial (800) 343-5172, while international callers can use (203) 518-9856, with conference ID code CWQ424.
The financial press release, webcast access, and presentation will be available on the company's Investor Relations website. A replay will be accessible on the website one hour after the call.
Curtiss-Wright (NYSE: CW) has secured a $27 million contract from the Canadian Commercial to supply Aircraft Ship Integrated Securing and Traversing (ASIST) systems for U.S. Navy Constellation Class Frigates. The contract is part of a five-year IDIQ agreement potentially valued at nearly $100 million.
The ASIST system, manufactured at Curtiss-Wright's Mississauga facility, is a free-deck landing system enabling helicopter landings with minimal human interaction in extreme sea conditions. The system features precision Helicopter Position Sensing Equipment that tracks aircraft position and provides visual landing cues to pilots.
Curtiss-Wright has established itself as a leading manufacturer of naval helicopter handling systems, supporting navies globally including Australia, Canada, Chile, India, Singapore, Spain, Turkey, and the United States. The company has a 40-year history of partnership with CCC on U.S. military contracts.
Curtiss-Wright (NYSE: CW) has scheduled its fourth quarter and full-year 2024 financial results release for Wednesday, February 12, 2025, after market close. The company will host a webcast conference call on Thursday, February 13, 2025, at 10:00 am ET, where management will discuss Q4 and full-year 2024 performance, along with 2025 financial outlook.
The conference call will be led by Lynn M. Bamford, Chair and CEO, and K. Christopher Farkas, VP and CFO. Domestic callers can dial (800) 343-5172, while international participants should use (203) 518-9856, with conference ID code CWQ424. The financial release, webcast access, and presentation materials will be available on the company's investor relations website, with a replay accessible post-call.
Curtiss-Wright (NYSE: CW) has completed the acquisition of Ultra Energy for $200 million in cash. Ultra Energy is a leading provider of safety-critical measurement and control systems for Commercial Nuclear and Aerospace & Defense markets, with sales of approximately $65 million in 2023.
The acquisition enhances Curtiss-Wright's global commercial nuclear portfolio with complementary measurement and control solutions supporting plant life extensions and modernization projects. It also expands their presence with leading small modular reactor designers in the U.S. and Europe.
Ultra Energy employs about 300 people with operations in Wimborne, UK, and Round Rock, TX. The business will operate within Curtiss-Wright's Naval & Power segment and is expected to be accretive to adjusted diluted earnings per share in its first full year, with a free cash flow conversion rate exceeding 100%.