Curtiss Wright Corp Stock Price, News & Analysis

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 Lynn M. Bamford, CEO, and K. Christopher Farkas, CFO, will participate in the Bank of America Global Industrials Conference on March 17, 2022, at 12:30 PM ET. The event will feature a fireside chat and a simultaneous webcast, with no formal presentation scheduled. A replay will be available on the company's website for 30 days post-event. For further details, visit www.curtisswright.com.

Curtiss-Wright Corporation (NYSE: CW) announced an agreement with Saddle Point Management to withdraw its proposals and director nominations for the upcoming 2022 Annual Meeting of Stockholders. CEO Lynn M. Bamford expressed appreciation for the constructive engagement and the focus on value creation ideas. Saddle Point's CEO acknowledged the company's strategy to increase defense exposure within its portfolio. The date of the Annual Meeting is yet to be announced, and stockholders are not required to take action at this time.

Curtiss-Wright Corporation (NYSE: CW) has filed a preliminary proxy statement with the SEC for its 2022 Annual Meeting, following nominations from Saddle Point Management, which owns approximately 0.298% of its shares. Saddle Point intends to nominate four individuals for the Board. Curtiss-Wright emphasizes its successful 'Pivot to Growth' strategy, with 2021 delivering a record operating margin of 17% and robust capital return, including $350 million in share repurchases. The Board's nominees possess diverse expertise, and the company urges Saddle Point to withdraw its nominations for a constructive dialogue.

Curtiss-Wright Corporation reported strong financial results for Q4 and full-year 2021, achieving record metrics. Q4 sales reached $667 million, with diluted EPS of $1.94 and adjusted EPS of $2.40, representing a 6% increase. Full-year sales were $2.5 billion, a 7% growth, with an adjusted operating margin of 17%, up 70 basis points. New orders totaled $676 million, up 19%. The company also completed $350 million in annual share repurchases. For 2022, guidance suggests total sales growth of 3% to 5% and adjusted EPS growth of 10% to 12%.

Curtiss-Wright Corporation (NYSE: CW) has declared a dividend of $0.18 per share on its common stock, set to be paid on April 14, 2022. The record date for stockholders is March 31, 2022. This decision reflects the company's commitment to returning value to its shareholders. Curtiss-Wright operates in the Aerospace, Defense, and Commercial markets, employing approximately 8,200 individuals globally. For more details, visit www.curtisswright.com.

Curtiss-Wright Corporation (NYSE: CW) has partnered with Teledyne FLIR Defense to enhance unmanned systems for the U.S. nuclear power market and the Department of Energy. This collaboration aims to modernize plant systems, improve worker safety, and lower operational costs through advanced technologies such as drones and robotics. With a long history in the nuclear sector, Curtiss-Wright's products are installed in all North American nuclear facilities. Teledyne FLIR brings extensive experience in unmanned systems, having delivered over 20,000 platforms globally, reinforcing this partnership's potential impact.

Curtiss-Wright Corporation has announced an agreement to acquire the Safran Aerosystems Arresting Company (SAA) for $240 million. SAA, a leader in aircraft arresting systems with over 5,000 installations across more than 70 countries, generated approximately $70 million in sales in 2021. The acquisition is anticipated to enhance Curtiss-Wright's defense portfolio and will be accretive to earnings in its first year. The deal is expected to close in Q3 2022, pending regulatory approval.

Curtiss-Wright Corporation (NYSE: CW) will announce its Q4 and full-year 2021 financial results on February 23, 2022, after market close. A conference call is scheduled for February 24, 2022, at 10:00 AM ET, hosted by CEO Lynn M. Bamford and CFO K. Christopher Farkas. Investors can access the financial press release and webcast via the company’s Investor Relations page. Replay options will be available for those who cannot attend live. The company, known for its innovative products in Aerospace, Defense, and Commercial markets, employs approximately 8,200 individuals globally.