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) announced a dividend of $0.19 per share, payable on October 13, 2022, to shareholders on record as of September 30, 2022. This decision reflects the company's confidence in its long-term financial health.
Curtiss-Wright operates primarily in the Aerospace & Defense sector, leveraging a skilled workforce of 8,000 employees to develop innovative solutions. The company's commitment to engineering excellence is rooted in its historical legacy.
Curtiss-Wright Corporation (NYSE: CW) has secured contracts worth approximately $120 million to supply generators for the U.S. Navy’s Columbia-class submarine program, which is critical to national defense. The lead submarine is expected to be delivered in 2027. This contract reflects the company's continued commitment to the U.S. Navy, showcasing their expertise over 60 years in providing high-performance products for naval platforms. The work will be carried out at the company’s facility in Cheswick, Pennsylvania.
Curtiss-Wright Corporation (NYSE: CW) will participate in the Morgan Stanley 10th Annual Laguna Conference on September 15, 2022. Lynn M. Bamford, Chair and CEO, along with K. Christopher Farkas, CFO, will engage in a fireside chat discussion at 3:45 PM PT (6:45 PM ET). No formal presentation is scheduled for this event. A replay of the discussion will be available for 90 days on the company’s website. Curtiss-Wright specializes in engineered products and services for the Aerospace & Defense sectors, leveraging a skilled workforce to deliver innovative solutions.
Curtiss-Wright Corporation (NYSE: CW) announced that K. Christopher Farkas, CFO, will participate in the Jefferies 2022 Industrials Conference on August 9, 2022. No formal presentation or webcast will be available during this event. For further insights, the latest slide presentation can be accessed in the Investor Relations section of Curtiss-Wright’s website.
As a global leader in highly engineered products and solutions, Curtiss-Wright serves Aerospace & Defense markets and other critical sectors. More information is available at www.curtisswright.com.
Curtiss-Wright Corporation (NYSE: CW) reported Q2 2022 sales of $609 million, with a diluted EPS of $1.83, reflecting 18% year-over-year growth. The operating margin improved to 16.1%. New orders surged 13% to $776 million, yielding a book-to-bill ratio of 1.27, and the backlog rose to $2.4 billion. The company updated its 2022 guidance, projecting total sales growth of 4% to 6% and adjusted EPS between $8.10 and $8.30. Free cash flow remained strong at $22 million. The acquisition of Safran aerospace is expected to contribute positively to future earnings.
Curtiss-Wright Corporation (NYSE: CW) has secured contracts exceeding
Curtiss-Wright Corporation (NYSE: CW) has priced a private placement debt offering of $300 million, consisting of $200 million in 4.49% notes due 2032 and $100 million in 4.64% notes due 2034. This move aims to strengthen its balance sheet and enhance flexibility for its capital allocation strategy, which includes reinvestment, strategic acquisitions, and shareholder returns. The offering is expected to close in Q4 2023, pending customary conditions.
Curtiss-Wright Corporation (NYSE: CW) has been awarded a contract by Airbus to supply custom electric actuation technology for the A350F freighter's Main Deck Cargo Door. This collaboration marks Curtiss-Wright's first electromechanical actuation contract with Airbus. The actuation system, featuring rotary and linear actuators, aims to enhance aircraft functionality and fuel efficiency. The A350F is designed to meet ICAO CO2 emissions standards effective in 2027. Manufacturing will occur at Curtiss-Wright's facilities in Shelby, N.C., and Stratford, Ontario.
Curtiss-Wright Corporation (NYSE: CW) will announce its second quarter 2022 financial results on August 3, 2022, after market close. A conference call to discuss the results will occur on August 4, 2022, at 10:00 AM ET, hosted by CEO Lynn M. Bamford and CFO K. Christopher Farkas. Investors can access the press release and the call via Curtiss-Wright’s Investor Relations webpage.
Curtiss-Wright Corporation (NYSE: CW) has successfully acquired Safran Aerosystems Arresting Company for
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