Curtiss Wright Corp Stock Price, News & Analysis

Curtiss-Wright Corporation (NYSE: CW) reported strong financial results for Q4 and FY22, with Q4 sales reaching $758 million, a 16% increase year-over-year. Operating income was $157 million with a 20.8% margin. For the full year, reported sales were $2.6 billion, and diluted EPS stood at $7.62. Adjusted free cash flow was a record $299 million, showing a conversion rate of 265%. New orders totaled $714 million in Q4 and $2.9 billion for FY22, resulting in a backlog increase of 19%. The company anticipates 4-6% sales growth for 2023, driven by demand in the Aerospace and Defense sectors.

Curtiss-Wright Corporation (NYSE: CW) has secured a 10-year contract worth approximately $35 million from the French Air and Space Force for support of aircraft arresting systems. This contract encompasses logistics, analysis, maintenance, repair, and overhaul services. Lynn M. Bamford, Chair and CEO, emphasized the importance of this contract in enhancing existing partnerships and aligning with their strategy to offer more comprehensive solutions to defense customers. The work will be executed at their facility in Merpins, France, boosting capabilities as part of a French government initiative for integrated services.

Curtiss-Wright Corporation (NYSE: CW) declared a $0.19 dividend per share on its Common Stock, payable on April 14, 2023, to shareholders on record as of March 31, 2023. This dividend reflects the company’s commitment to returning value to its investors. Curtiss-Wright specializes in providing engineered products and solutions for the Aerospace & Defense sectors, leveraging a skilled workforce of around 8,000 employees. The company's innovative solutions are built on a strong legacy.

Curtiss-Wright Corporation (NYSE:CW) has secured a significant ten-year contract valued at $287 million from Edwards Air Force Base to provide High Speed Data Acquisition System (HSDAS) technology for flight test programs. The contract includes a five-year base period at $123 million, followed by a five-year option. This award, the largest for the Aerospace Instrumentation team, strengthens Curtiss-Wright's role in supporting U.S. flight test objectives. The company, a leading supplier of instrumentation solutions for military aircraft, will fulfill the contract primarily from its facilities in Newtown, Pennsylvania, and Palmdale, California.

Curtiss-Wright Corporation (NYSE:CW) has secured a contract with Dynetics, a Leidos company, to provide support for the U.S. Army's Enduring Shield cruise missile defense platform. The contract involves designing and building electromechanical actuators for the initial 16 Dynetics launcher platforms, with an option to supply actuators for an additional 400 launchers. This collaboration underscores Curtiss-Wright's commitment to enhancing U.S. Army ground defense capabilities. The actuators will be manufactured at the company's Chanhassen, Minnesota facility, utilizing advanced Exlar roller screw and motor technologies.

Curtiss-Wright Corporation (NYSE: CW) announced participation in the Citi 2023 Global Industrial Tech and Mobility Conference. CEO Lynn M. Bamford and CFO K. Christopher Farkas will engage in a fireside chat on February 23, 2023, at 1:00 PM ET, with no formal presentation planned. Interested parties can access a link to the webcast and the latest slide presentation on the company’s website. A replay will be available for 90 days post-event. Curtiss-Wright specializes in engineered solutions for Aerospace & Defense, Commercial Power, and Industrial markets, employing a workforce of 8,000 skilled professionals.

Curtiss-Wright Corporation (NYSE: CW) plans to announce its Q4 and full-year 2022 financial results on February 21, 2023 after market close. A webcast conference call is scheduled for February 22, 2023, at 9:00 AM ET, featuring CEO Lynn M. Bamford and CFO K. Christopher Farkas. Investors can access the financial report and webcast via the company's Investor Relations page. Curtiss-Wright is recognized for delivering engineered solutions primarily in the Aerospace & Defense sectors, supported by a talented workforce of 8,000 employees.

Curtiss-Wright Corporation (NYSE: CW) has announced that CEO Lynn M. Bamford and CFO K. Christopher Farkas will participate virtually in the 4th Annual Truist Securities Industrials and Services Summit on December 6, 2022. There will be no formal presentation or webcast, but a copy of the latest slide presentation can be found in the Investor Relations section of their website.

Curtiss-Wright specializes in highly engineered products and solutions primarily for the Aerospace & Defense markets, employing approximately 8,000 skilled workers.

Curtiss-Wright Corporation (NYSE: CW) has declared a dividend of $0.19 per share, with payment scheduled for December 1, 2022. Shareholders on record as of November 23, 2022 will receive this dividend. The company operates in Aerospace & Defense markets, providing engineered products and services, supported by a skilled workforce of 8,000 employees. This announcement reflects Curtiss-Wright's ongoing commitment to return value to its shareholders.