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 that CEO Lynn M. Bamford and CFO K. Christopher Farkas will participate in the Stifel 2022 Cross Sector Insight Conference. The event is scheduled for June 8, 2022, at 9:10 am ET, featuring a fireside chat format without a formal presentation. Interested parties can access the webcast via the company's Investor Relations website, with a replay available for 90 days post-event.
Curtiss-Wright, focusing on Aerospace & Defense, employs 7,800 skilled workers and emphasizes engineered solutions for critical markets.
Curtiss-Wright Corporation (NYSE: CW) has announced a new credit agreement with eight banks, increasing its revolving credit facility to $750 million and expanding the accordion feature by $250 million. The five-year term will mature in May 2027, replacing the previous facility set to expire in October 2023. This funding aims to enhance financial flexibility for general corporate purposes, including acquisitions and growth initiatives, supporting the company’s Pivot to Growth strategy.
Curtiss-Wright Corporation (NYSE: CW) has announced a 6% increase in its quarterly dividend to $0.19 per share, payable on July 1, 2022, to stockholders of record by June 17, 2022. This decision reflects the Board's confidence in the company's strong financial position and commitment to returning value to shareholders. CEO Lynn M. Bamford highlighted the company's disciplined capital allocation strategy, which includes strategic acquisitions and organic growth investments, reinforcing their aim of aligning dividend increases with long-term sales growth.
Curtiss-Wright Corporation (NYSE: CW) announced that Lynn M. Bamford has succeeded David C. Adams as Chair of the Board of Directors effective May 5, 2022. Adams retires as Executive Chairman but remains on the Board. Bamford emphasized the company's commitment to its 'Pivot to Growth' strategy, aiming to enhance revenue and shareholder value. She acknowledged Adams' 22 years of service, highlighting his contribution to achieving top-quartile financial performance and shareholder value.
Curtiss-Wright Corporation (NYSE: CW) reported Q1 2022 sales of $559 million, reflecting a 6% decline year-over-year. Diluted EPS was $1.05, with adjusted EPS at $1.31. New orders increased by 12% to $634 million, bolstered by strong demand in Aerospace & Defense and Commercial sectors. However, operating income fell by 29% to $61 million, with an operating margin of 10.8%. Management maintains full-year sales growth guidance of 3% to 5%, alongside a 10% to 12% increase in adjusted EPS. Share repurchases totaled $12 million and a quarterly dividend of $0.18 was declared.
Curtiss-Wright Corporation (NYSE: CW) has secured a $25 million contract from Rheinmetall BAE Systems Land (RBSL) to supply turret drive stabilization technology for the British Army's Challenger 3 Main Battle Tank. This contract highlights Curtiss-Wright's leadership in defense technology, as their Turret Drive Servo System (TDSS) enhances accuracy and stabilization while moving at full speed. The upgrade aims to improve the tank’s capabilities with advanced lethality, survivability, and surveillance features, demonstrating a long-term partnership with RBSL.
Curtiss-Wright Corporation (NYSE: CW) has been selected by Progeny to deliver Modular Open System Approach (MOSA) computers and digital processing modules for the U.S. Navy's MK54 and MK48 torpedo upgrade programs. This contract is valued at $70 million and showcases Curtiss-Wright's leadership in rugged commercial-off-the-shelf (COTS) technologies. The modules are being shipped to facilities in Manassas, Virginia and Charleroi, Pennsylvania. The company emphasizes the rapid and cost-effective modernization of military platforms through open-standards solutions.
Curtiss-Wright Corporation (NYSE: CW) is set to release its first quarter 2022 financial results on May 4, 2022, after market close. A conference call will take place on May 5, 2022, at 10:00 am ET, with CEO
Curtiss-Wright Corporation (NYSE:CW) announced the successful verification of its Laser Peening process on the F-35 fighter jet's airframe components. This technology aims to extend the life expectancy of the F-35B, used by the U.S. Marine Corps and allied nations. Conducted at the Fleet Readiness Center East, the first F-35B has returned to service, making FRCE the first facility capable of on-site laser peening modifications. A second facility in Utah is scheduled to process its first F-35B in April 2022. This innovation supports Curtiss-Wright’s commitment to aerospace and defense technologies.
Curtiss-Wright Corporation (NYSE:CW) announced that
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