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 secured a 5-year IDIQ contract valued at approximately $28 million from the Naval Air Systems Command. The contract includes the provision of E-28 Retrieve Drive Assemblies and spare parts to replace legacy sub-systems at U.S. Navy and Marine Corps bases. This agreement reinforces Curtiss-Wright's position as a leading supplier of military aircraft arresting systems, aiming to enhance flight safety and fleet readiness. The work will be executed within its EMS Division, delivering solutions to NAVAIR’s Naval Air Warfare Center in Lakehurst, NJ. Curtiss-Wright serves a robust installed base of over 5,000 systems across 72 countries, emphasizing its global reach and expertise in defense technology.
Curtiss-Wright Corporation (NYSE: CW) is set to announce its first quarter 2023 financial results after trading on May 3, 2023. A webcast conference call is scheduled for May 4, 2023, at 10:00 am ET, where CEO Lynn M. Bamford and CFO K. Christopher Farkas will discuss the financial performance. Investors can access the details via the Investor Relations section of Curtiss-Wright's website. The dial-in numbers for the conference are (800) 274-8461 for domestic callers and (203) 518-9843 for international callers, using the code CWQ123. A replay will be available shortly after the call.
Curtiss-Wright Corporation (NYSE: CW) has secured a follow-on contract from the United States Marine Corps to provide advanced network router and switch modules aimed at modernizing communications technology. This contract involves delivering a Modular Open Systems Approach (MOSA) baseband system for the Marine Corps Wideband Satellite-Expeditionary (MCWS-X) program. The work will be managed under the Defense Solutions division, with shipments originating from Portland, Oregon. This relationship underscores Curtiss-Wright's commitment to enhancing interoperability and cost efficiencies in defense solutions.
Curtiss-Wright Corporation (NYSE: CW) announced participation in the 13th Annual Alembic Global Advisors Deer Valley Chemical & Industrial Conference on March 1, 2023. K. Christopher Farkas, Vice President and Chief Financial Officer, will represent the company, although 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.
Curtiss-Wright is a prominent provider of engineered products and services primarily for the Aerospace & Defense sectors, employing over 8,100 skilled professionals in various critical technologies.
Curtiss-Wright Corporation (NYSE: CW) reported strong financial results for Q4 and FY22, with Q4 sales reaching $758 million, a 16% increase year-over-year. Operating income was $157 million with a 20.8% margin. For the full year, reported sales were $2.6 billion, and diluted EPS stood at $7.62. Adjusted free cash flow was a record $299 million, showing a conversion rate of 265%. New orders totaled $714 million in Q4 and $2.9 billion for FY22, resulting in a backlog increase of 19%. The company anticipates 4-6% sales growth for 2023, driven by demand in the Aerospace and Defense sectors.
Curtiss-Wright Corporation (NYSE: CW) has secured a 10-year contract worth approximately $35 million from the French Air and Space Force for support of aircraft arresting systems. This contract encompasses logistics, analysis, maintenance, repair, and overhaul services. Lynn M. Bamford, Chair and CEO, emphasized the importance of this contract in enhancing existing partnerships and aligning with their strategy to offer more comprehensive solutions to defense customers. The work will be executed at their facility in Merpins, France, boosting capabilities as part of a French government initiative for integrated services.
Curtiss-Wright Corporation (NYSE: CW) declared a $0.19 dividend per share on its Common Stock, payable on April 14, 2023, to shareholders on record as of March 31, 2023. This dividend reflects the company’s commitment to returning value to its investors. Curtiss-Wright specializes in providing engineered products and solutions for the Aerospace & Defense sectors, leveraging a skilled workforce of around 8,000 employees. The company's innovative solutions are built on a strong legacy.
Curtiss-Wright Corporation (NYSE:CW) has secured a significant ten-year contract valued at $287 million from Edwards Air Force Base to provide High Speed Data Acquisition System (HSDAS) technology for flight test programs. The contract includes a five-year base period at $123 million, followed by a five-year option. This award, the largest for the Aerospace Instrumentation team, strengthens Curtiss-Wright's role in supporting U.S. flight test objectives. The company, a leading supplier of instrumentation solutions for military aircraft, will fulfill the contract primarily from its facilities in Newtown, Pennsylvania, and Palmdale, California.
Curtiss-Wright Corporation (NYSE:CW) has secured a contract with Dynetics, a Leidos company, to provide support for the U.S. Army's Enduring Shield cruise missile defense platform. The contract involves designing and building electromechanical actuators for the initial 16 Dynetics launcher platforms, with an option to supply actuators for an additional 400 launchers. This collaboration underscores Curtiss-Wright's commitment to enhancing U.S. Army ground defense capabilities. The actuators will be manufactured at the company's Chanhassen, Minnesota facility, utilizing advanced Exlar roller screw and motor technologies.
Curtiss-Wright Corporation (NYSE: CW) announced participation in the Citi 2023 Global Industrial Tech and Mobility Conference. CEO Lynn M. Bamford and CFO K. Christopher Farkas will engage in a fireside chat on February 23, 2023, at 1:00 PM ET, with no formal presentation planned. Interested parties can access a link to the webcast and the latest slide presentation on the company’s website. A replay will be available for 90 days post-event. Curtiss-Wright specializes in engineered solutions for Aerospace & Defense, Commercial Power, and Industrial markets, employing a workforce of 8,000 skilled professionals.
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