Curtiss-Wright Corp. - CW STOCK NEWS

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.