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 (CW) raised its full-year 2026 adjusted outlook after reporting third-quarter sales of $953 million, up 10% year over year. Reported operating income reached $188 million, with a 19.7% margin and diluted earnings per share of $3.77. Adjusted operating income rose 11% to $189 million, and adjusted diluted EPS rose 16% to $3.94.
New orders increased 15% to $1.1 billion, while backlog reached $4.6 billion, up 12% year-to-date. Free cash flow fell 11% to $157 million. Defense Electronics operating income declined despite sales growth; the other two segments increased sales and profits. Quarterly share repurchases totaled approximately $352 million.
The company now expects 2026 sales of $3,795–$3,840 million, adjusted diluted EPS of $15.40–$15.60 and free cash flow of $595–$615 million, raising each range.
Curtiss-Wright (NYSE: CW) received contracts valued in excess of $225 million from Bechtel Plant Machinery for U.S. Navy programs.
The contracts cover propulsion valves, pumps, and instrumentation and control systems for Virginia-class nuclear-powered attack submarines, Columbia-class submarines and Ford-class aircraft carriers. The equipment will support ongoing ship construction and fleet maintenance. Engineering, manufacturing and testing are underway at facilities in New York and Pennsylvania within the Defense Electronics and Naval & Power segments, with work continuing through 2030.
Curtiss-Wright (NYSE: CW) will replace its chief operating officer role with three segment presidents, effective January 1, 2027.
David Micha will lead Naval & Power, Brian Perry will lead Defense Electronics, and Jeffrey Troutner will lead Aerospace & Industrial. All three currently serve as senior vice presidents and division leads within Curtiss-Wright. The new structure aligns operational leadership with the company’s existing financial reporting segments.
The segment presidents will report directly to Kevin Rayment, who is leaving the chief operating officer position to become president and chief executive officer. All segment leadership and organizational changes take effect on January 1, 2027. The company expects centralizing similar businesses to simplify decision-making and improve operational efficiency.
Curtiss-Wright (CW) announced a $30 million capital investment to expand its Round Rock, Texas facility for nuclear energy and industrial applications.
The expansion will increase pressure and temperature sensor manufacturing capacity within the Naval & Power segment and make room for future instrumentation and control developments, including radiation monitoring systems. Curtiss-Wright said the project is designed to improve production flow and provide opportunities to increase output and efficiency. Additional space will house an Advanced Innovation Center, a metrology testing laboratory and a project management office. The company also expects to increase headcount at the facility.
Curtiss-Wright (CW) has delivered and completed installation of the Stage 1 Training Simulator at TerraPower’s Natrium site in Kemmerer, Wyoming. The simulator is designed to replicate plant equipment and operating conditions to support operator training and licensing. It uses Curtiss-Wright’s 3KEYMASTER simulation software. The work was performed by the company’s Nuclear Division within its Naval & Power segment.
Curtiss-Wright (CW) appointed Gary Ogilby interim chief financial officer effective October 6, 2026, following K. Christopher Farkas stepping down from the role.
Farkas will retire at calendar year-end and remain executive vice president until then to support the transition. Ogilby, senior vice president and corporate controller, will retain those responsibilities while serving as interim CFO. The board is searching for a permanent successor. Curtiss-Wright said Farkas’s decision is unrelated to its business or financial performance. The company will report earnings on November 4, 2026.
Curtiss-Wright (NYSE: CW) expects to release its third quarter 2026 financial results after trading closes on November 4, 2026.
Management will discuss the results on a webcast conference call on November 5, 2026, at 10:00 am ET. The financial release, webcast access and presentation will be available in the website’s Investor Relations section, with a replay beginning one hour after the call.
Curtiss-Wright (CW) will appoint Chief Operating Officer Kevin M. Rayment as President and Chief Executive Officer, effective January 1, 2027, succeeding Lynn M. Bamford.
Rayment will also join the Board of Directors at that time, while Bamford will transition to the role of Executive Chair after six years as CEO. The company describes this as the result of a planned succession process aligned with its long-term growth strategy. Under Bamford’s leadership, Curtiss-Wright has delivered record results in sales, profitability, new orders, backlog and free cash flow, and returned $1.7 billion to shareholders through repurchases and dividends.
Curtiss-Wright (CW) increased its total share repurchase authorization to $700 million, including an additional $510 million approved by the Board for future buybacks.
Under this expanded authorization, the company will repurchase $100 million of shares immediately through a Rule 10b5-1 program. The Board also declared a quarterly dividend of $0.26 per share, payable on October 9, 2026, to shareholders of record on September 25, 2026. Curtiss-Wright executed multiple $100 million expansions of its 2026 repurchase program in August and continues a separate $60 million program started in January 2026.
The company expects total share repurchases of $460 million in 2026, compared with last year’s $466 million program, and reports having returned more than $1.5 billion to shareholders via buybacks since 2021. Entering 2027, remaining open repurchase authorization is expected to be $600 million.
Curtiss-Wright (CW) will participate in two investor conferences in mid-September 2026. Chair and CEO Lynn M. Bamford and EVP/CFO K. Christopher Farkas will attend the Alembic Global Advisors 4th Annual Torrey Pines Conference on September 14, where the CFO will host 1x1 and group meetings. On September 15, the company will join the Morgan Stanley 14th Annual Laguna Conference, holding a fireside chat with a simultaneous audio webcast at 2:35 PM PT (5:35 PM ET). Investors can access the webcast and the latest Investor Briefing via the Investor Relations section of the company’s website, with a replay available for 90 days after the discussion.