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 (NYSE: CW) has secured a contract from Lockheed Martin to supply rugged COTS processor modules for the F-22 Raptor, enhancing its avionics systems. This milestone aligns with the USAF's Digital Trinity for e-systems, aiming for cost-effective upgrades. The processor card, the first of its kind for the F-22, underwent rigorous testing to meet stringent environmental standards. Manufacturing started in Q4 2020, with shipments expected through 2023. This partnership reflects a commitment to open standards in defense systems.
Curtiss-Wright Corporation (NYSE: CW) announced that Lynn M. Bamford, President and CEO, and K. Christopher Farkas, CFO, will participate virtually in the Bank of America Global Industrials Conference on March 17, 2021. 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. The company specializes in delivering engineered products and services across various markets, employing about 8,200 people globally.
Curtiss-Wright Corporation (NYSE: CW) reported its Q4 and full-year 2020 results, highlighting a diluted EPS of $1.30 and adjusted EPS of $2.39, a 12% increase. The company's free cash flow reached a record $246 million, with adjusted free cash flow up 3% to $256 million. While Q4 net sales rose 2% to $668 million, full-year sales decreased by 4% to $2.4 billion. The defense segment saw a 27% sales increase, but commercial markets were down 18%. Looking ahead, Curtiss-Wright forecasts mid-to-high single-digit growth for 2021 across sales and earnings.
Curtiss-Wright Corporation (NYSE: CW) has announced the promotion of Kevin M. Rayment to Chief Operating Officer, effective April 1, 2021, succeeding Tom P. Quinly, who will retire after 16 years in the role. Rayment, currently President of the Commercial / Industrial Segment, is credited with significant contributions to the company's strategic growth and financial performance. He has extensive experience in various industries, having joined Curtiss-Wright in 2004. The company expressed gratitude for Quinly's leadership and achievements during his tenure, including operational excellence and margin expansion.
Curtiss-Wright Corporation (NYSE: CW) declared a dividend of $0.17 per share on its Common Stock. This dividend is payable on April 16, 2021 to stockholders of record by March 30, 2021. The company continues to maintain strong relationships within the commercial, industrial, defense, and energy markets, employing approximately 8,200 people globally. This announcement reflects Curtiss-Wright's commitment to returning value to shareholders while ensuring sustained operational reliability.
Curtiss-Wright Corporation (NYSE: CW) and Honeywell (NYSE: HON) have announced that their new 25-hour Cockpit Voice Recorder (CVR) has received EASA Technical Standard Order certification. The Honeywell Connected Recorder-25 (HCR-25) exceeds the upcoming EASA regulation for aircraft over 27,000 kilograms. This innovative recorder enhances flight data collection and accessibility for maintenance and operational insights. Developed for both new and retrofit applications, the HCR-25 is lightweight and features a 90-day underwater locator beacon.
Curtiss-Wright Corporation (NYSE: CW) is set to announce its fourth quarter and full-year 2020 financial results on February 24, 2021, after market close. A conference call will follow on February 25, 2021, at 10:00 am ET, featuring management discussions on performance and future expectations. Key executives, including Executive Chairman David C. Adams and CEO Lynn M. Bamford, will lead the call. Investors can access the financial materials via the company's Investor Relations website.
Curtiss-Wright Corporation (NYSE: CW) announced the appointment of Robert F. Freda as Treasurer, succeeding Harry S. Jakubowitz, who will retire after 18 years. Freda, with 14 years at Curtiss-Wright, has played a vital role in finance, supporting financial initiatives and acquisition due diligence. His new role involves overseeing treasury and tax functions, reporting to CFO K. Christopher Farkas. The Board expressed gratitude to Jakubowitz for his contributions, particularly in building a strong balance sheet and financing relationships.
Curtiss-Wright Corporation (NYSE: CW) announced participation in the Truist Securities 2020 Industrials and Services Summit. Key executives, including CEO David C. Adams, CFO K. Christopher Farkas, and segment presidents, will attend virtually on December 8, 2020. There will be no formal presentation or webcast, but the latest slide presentation is available in the Investor Relations section on their website. Curtiss-Wright is known for its engineered solutions across commercial, industrial, defense, and energy markets, employing approximately 8,300 globally.
Curtiss-Wright Corporation (NYSE: CW) has declared a dividend of $0.17 per share on its Common Stock. The dividend will be payable on December 3, 2020, to stockholders on record as of November 25, 2020. With approximately 8,300 employees globally, Curtiss-Wright specializes in delivering high-performance products and services across the commercial, industrial, defense, and energy sectors.