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 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 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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