Curtiss Wright Corp Stock Price, News & Analysis

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.

Curtiss-Wright Corporation (NYSE: CW) has acquired Keronite Group Limited for $35 million in cash. Keronite specializes in Plasma Electrolytic Oxidation (PEO) surface treatments that enhance performance characteristics of lightweight metals. The acquisition is projected to generate approximately $9 million in sales for 2022 and is expected to be neutral to CW's adjusted diluted earnings per share in its first full year. The integration aligns with CW’s strategic priorities and aims to leverage existing customer relationships for long-term growth.

Curtiss-Wright Corporation (CW) reported third quarter 2022 financial results with sales of $631 million and diluted EPS of $1.91. Adjusted operating income rose by 6% to $114 million, with an operating margin of 18.2%. New orders surged 32% year-over-year to $818 million, boosting backlog to $2.6 billion. However, full-year sales growth guidance was revised down to 2%-4% from 4%-6%, and adjusted free cash flow guidance decreased to $275-$315 million due to supply chain disruptions.

Curtiss-Wright Corporation (NYSE: CW) has been awarded a contract worth approximately $19 million by Global Air Navigation Services to supply aircraft arresting systems to the United Arab Emirates Ministry of Defense. This contract underscores Curtiss-Wright's reputation as a leading supplier in military aircraft safety solutions. The work will be conducted within the company's EMS division, utilizing expertise from its U.S. and France facilities. This contract enhances airbase safety and strengthens existing partnerships.

Curtiss-Wright Corporation (NYSE: CW) has successfully completed a private placement debt offering of $300 million. This includes $200 million in 4.49% senior notes due 2032 and $100 million in 4.64% senior notes due 2034. The net proceeds will be used for general corporate purposes, including reducing debt and potential acquisitions. CEO Lynn M. Bamford indicated that this financing enhances the company's balance sheet and supports long-term profitable growth.