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) delivers mission-critical engineering solutions for aerospace, defense, and industrial markets. This news hub provides investors and industry professionals with authoritative updates on corporate developments, technological advancements, and strategic initiatives shaping this global innovator.
Access real-time press releases covering earnings disclosures, defense contract awards, and product launches for naval propulsion components, flight control systems, and power generation technologies. Our curated collection ensures transparent tracking of CW's performance across three core segments: Naval & Power, Aerospace & Industrial, and Defense Electronics.
Stay informed about partnership announcements, R&D milestones, and regulatory filings impacting CW's position in advanced motion control and ruggedized electronics. Content is rigorously verified to support analysis of market trends, operational efficiency, and long-term growth drivers in precision engineering sectors.
Bookmark this page for streamlined monitoring of CW's innovations in aircraft actuation systems, nuclear reactor components, and military vehicle subsystems. Regular updates empower stakeholders to assess how the company's 90-year engineering legacy informs its response to evolving industrial demands.
Curtiss-Wright (NYSE: CW) and Saipem have achieved a significant milestone in the subsea applications industry with the completion of the qualification process for an all-electric seabed barrier fluid-less pump. This innovative technology, developed from proprietary solutions in the nuclear sector, enables subsea injection of treated sea water into reservoirs, extending the lifecycle of subsea fields.
The new pump design eliminates the need for barrier fluid, using sea water for cooling and lubrication, while the motor is protected by a canned casing. This approach reduces costs by replacing conventional hydraulic umbilicals with power/control cables. A 3 MW full-scale prototype has been successfully tested, confirming its performance, robustness, and reliability. The technology has achieved Technology Readiness Level 4 (TRL 4), as endorsed by Petrobras and TotalEnergies, paving the way for global commercialization.
Curtiss-Wright (NYSE: CW) will announce its second quarter 2024 financial results after the market closes on Wednesday, August 7, 2024. A webcast conference call discussing the results will be held the following day, August 8, 2024, at 10:00 am ET.
The call will be hosted by CEO Lynn M. Bamford and CFO K. Christopher Farkas. Interested parties can access the webcast and financial presentation via the Investor Relations section on Curtiss-Wright's website. The domestic dial-in number is (800) 225-9448, and international callers can use (203) 518-9708 with the conference ID code CWQ224. A replay will be available one hour after the live call on the company's website.
Curtiss-Wright (NYSE: CW) announced an agreement to acquire Ultra Nuclear and Weed Instrument Co., Inc. ('Ultra Energy') for $200 million in cash. Ultra Energy specializes in safety-critical systems for nuclear power generation and aerospace applications. The acquisition, expected to close in Q3 2024, aims to enhance Curtiss-Wright's global portfolio and is projected to be accretive to adjusted diluted EPS in its first full year. Ultra Energy, generating $65 million in sales in 2023, will operate within Curtiss-Wright's Naval & Power segment, potentially driving long-term profitable growth and strong free cash flow. Regulatory approval from the UK is pending.
Curtiss-Wright (NYSE: CW) has announced that its Chair and CEO, Lynn M. Bamford, alongside VP and CFO, K. Christopher Farkas, will participate in two upcoming investor conferences. These events include the Stifel 2024 Cross Sector Insight Conference on June 4, 2024, featuring a fireside chat and webcast at 1:50 p.m. ET, and the William Blair 44th Annual Growth Stock Conference on June 6, 2024, with a presentation, fireside chat, and webcast at 8:40 a.m. CT (9:40 a.m. ET). Webcasts and slide presentations will be accessible on Curtiss-Wright's investor relations webpage, with replays available for 90 days post-event.
Curtiss-Wright (NYSE: CW) hosted an Investor Day in New York City, reaffirming its full-year 2024 financial guidance and presenting a long-term outlook through 2026. The event featured presentations by senior executives, including Chair and CEO Lynn M. Bamford, and Vice President and CFO K. Christopher Farkas. Key financial targets include a minimum 5% organic revenue CAGR, minimum 10% EPS CAGR, and strong free cash flow generation. The company aims to expand operating margins and make strategic investments in R&D to accelerate growth. The event also included a panel of commercial nuclear energy experts from the Nuclear Energy Institute, Westinghouse Electric Company, and Energy Northwest, highlighting Curtiss-Wright's focus on leveraging growth opportunities in the commercial nuclear sector.
Curtiss-Wright (NYSE: CW) has secured a $16 million contract with Iron Bow, the prime contractor, to supply the U.S. Air Force with an integrated tactical networking solution aimed at improving deployable communications.
The contract includes providing PacStar® 400 series modules and Commercial Solutions for Classified (CSfC) integration, enabling global connectivity to Department of Defense Information Networks (DoDIN).
This solution incorporates software automation to enhance connectivity and security across various classification levels. The contract’s estimated lifetime value exceeds $60 million and will be executed by Curtiss-Wright's Defense Solutions division until the end of 2027.
Curtiss-Wright (NYSE: CW) announced that its Chair and CEO, Lynn M. Bamford, along with Vice President and CFO, K. Christopher Farkas, will participate in the Wolfe Research 17th Annual Global Transportation & Industrials Conference.
The event includes a fireside chat discussion and a simultaneous webcast on May 22, 2024, at 12:45pm ET. No formal presentations will be held. The webcast and latest slide presentation can be accessed via Curtiss-Wright's Investor Relations section on their website. A replay will be available for 90 days post-event.
Curtiss-Wright (NYSE: CW) announced contracts exceeding $130 million to supply critical components for U.S. Navy's Virginia-class and Columbia-class submarines, and Ford-class aircraft carriers.
The deals include propulsion valves, pumps, and advanced instrumentation. These contracts, awarded by Bechtel Plant Machinery, Inc. (BPMI), support ship construction, spare parts, and submarine back-fit procurements.
Engineering and manufacturing will occur in New York and Pennsylvania facilities and will continue until 2029. Curtiss-Wright's technologies enhance safety, efficiency, and reduce costs for naval operations.
Curtiss-Wright (NYSE: CW) announced a $300 million increase in share repurchase authorization, raising the total to $400 million, along with a 5% dividend increase to $0.21 per share. This decision showcases the company's commitment to providing returns to its shareholders and reflects confidence in its financial strength and ability to generate free cash flow.
Curtiss-Wright (NYSE: CW) reported strong first-quarter 2024 financial results with sales of $713 million, up 13%, operating income of $100 million, up 27%, and diluted EPS of $1.99. The company raised its full-year 2024 guidance, increasing sales growth to 5-7%, operating income to 5-8%, and diluted EPS to $10.10-$10.40, up 8-11%. Curtiss-Wright also maintained its free cash flow range of $415-$435 million.
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