Curtiss-Wright (NYSE: CW) expands 2026 share repurchase by $100 million
Rhea-AI Filing Summary
Curtiss-Wright Corporation entered into a Rule 10b5-1 trading plan to repurchase $100 million of its common stock as part of previously authorized share repurchase programs totaling $490 million. Purchases will follow the maximum daily volume limits under Rule 10b-18.
The plan will not begin before August 10, 2026 and is expected to be completed by the end of August 2026, at which point $390 million in repurchase authorization is expected to remain. A related press release states this represents a $100 million expansion of the 2026 buyback program, which is now expected to result in $160 million of share repurchases in 2026.
Management highlights an upward revision to full-year 2026 guidance across major financial metrics, continued strong free cash flow generation, and a healthy balance sheet supporting both strategic acquisitions and ongoing returns to shareholders.
Positive
- Curtiss-Wright added a new $100 million Rule 10b5-1 repurchase plan, increasing expected 2026 buybacks to $160 million, signaling confidence in future performance and providing additional capital return to shareholders.
- After completing the new plan and existing program, the Company expects to have $390 million of share repurchase authorization remaining, preserving flexibility for further future buybacks.
- Management cites a recent upward revision in full-year 2026 guidance across all major financial metrics and strong free cash flow, reinforcing the backdrop for the expanded repurchase activity.
Negative
- None.
Insights
Analyzing...
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Total repurchase authorization: $490 million
New 10b5-1 plan size: $100 million
Expected 2026 repurchases: $160 million
+2 more
5 metrics
Total repurchase authorization
$490 million
Total amount available under current share repurchase authorizations
New 10b5-1 plan size
$100 million
Amount to be repurchased under newly adopted Rule 10b5-1 trading plan
Expected 2026 repurchases
$160 million
Annual share repurchases expected in 2026 after $100 million expansion
Remaining authorization
$390 million
Repurchase authorization expected to remain after completing current programs
Employee count
approximately 9,200
Size of Curtiss-Wright’s global workforce
Key Terms
Rule 10b5-1, Rule 10b-18, share repurchase program, trading blackout periods, +1 more
5 terms
Rule 10b5-1 regulatory
"entered into a written trading plan under Rule 10b5-1 of the Securities Exchange Act"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
Rule 10b-18 regulatory
"up to the maximum daily target volume allowable under Rule 10b-18 of the Exchange Act"
Rule 10b-18 is a regulation that sets strict rules for how a company's executives and employees can buy back their own company's stock from the market. It helps ensure that these buybacks happen in a fair and transparent way, reducing the chance of market manipulation. This is important for investors because it offers protection against unfair practices and promotes confidence in the integrity of the stock market.
trading blackout periods regulatory
"otherwise be prevented from doing so due to self-imposed trading blackout periods"
Times when company insiders and certain employees are legally or policy-bound to stop buying or selling the company’s stock, usually around sensitive windows such as before earnings, major announcements, or audits. These pauses act like a temporary “hands-off” rule to prevent trades based on information not yet available to the public, reducing the risk of unfair advantage and regulatory violations; investors watch them because they can limit share liquidity and signal forthcoming news.
forward-looking information regulatory
"This report contains forward-looking information, as that term is defined"
Forward-looking information are predictions, plans, estimates or expectations about a company’s future performance, results or events, such as sales forecasts, project timelines, or anticipated costs. It matters to investors because these statements guide expectations but rely on assumptions and uncertain factors—like a weather forecast for a business—so investors should treat them as informed guesses rather than guarantees and consider the risks and possible changes behind the numbers.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
When will Curtiss-Wright’s (CW) new 10b5-1 buyback plan be in effect?
The new Rule 10b5-1 share repurchase plan will not be effected before August 10, 2026 and is expected to be fully used by the end of August 2026, subject to market conditions and plan terms.
What financial outlook did Curtiss-Wright (CW) reference with the buyback expansion?
Curtiss-Wright referenced a recent upward revision of full-year 2026 guidance across major financial metrics and highlighted strong operational performance, mid-teens earnings compounding, and solid free cash flow supporting the expanded buyback.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 10, 2026
(Exact Name of Registrant as Specified in Its Charter)
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||
| (Address of principal executive offices) | (Zip Code) | ||||||||||
Registrant's telephone number, including area code: (704 ) 869-4600
--------------
Not applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
| Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). | |||||||||||
| Emerging growth company | |||||||||||
| If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. | ☐ | ||||||||||
Item 8.01 Other Events
On August 10, 2026, Curtiss-Wright Corporation (the “Company”) entered into a written trading plan under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The Company implemented this written trading plan in connection with its previously announced share repurchase programs, under which the total amount available for repurchases under current authorizations is $490 million.
The trading plan will include purchases in the total amount of $100 million. The number of shares of Company common stock to be purchased on any purchase day will be up to the maximum daily target volume allowable under Rule 10b-18 of the Exchange Act. This written trading plan will not be effected before August 10, 2026, and will cease upon full use of the $100 million, which is expected to occur by the end of August 2026. Following completion of this plan, the Company expects to have $390 million in authorization remaining.
Adopting a trading plan that satisfies the conditions of Rule 10b5-1 allows a company to repurchase its shares at times when it might otherwise be prevented from doing so due to self-imposed trading blackout periods or pursuant to insider trading laws. A broker selected by the Company will have the authority under the terms and limitations specified in the plan to repurchase shares on the Company’s behalf in accordance with the terms of the plan. After the expiration of the current trading plans, the Company may from time to time enter subsequent trading plans under Rule 10b5-1 to facilitate the repurchase of its common stock pursuant to its share repurchase program.
Information regarding share repurchases will be available in the Company’s periodic reports on Form 10-Q and 10-K filed with the Securities and Exchange Commission as required by the applicable rules of the Exchange Act.
This report contains forward-looking information, as that term is defined under the Exchange Act, including information regarding purchases by the Company of its common stock pursuant to a 10b5-1 trading plan. By their nature, forward-looking information and statements are subject to risks, uncertainties, and contingencies, including changes in price and volume and the volatility of the Company’s common stock; adverse developments affecting either or both of prices and trading of exchange-traded securities, including securities listed on the New York Stock Exchange; and unexpected or otherwise unplanned or alternative requirements with respect to the capital investments of the Company. The Company’s 2025 Annual Report on Form 10-K filed with the SEC on February 12, 2026, as well as our quarterly report on Form 10-Q for the second quarter, includes information regarding other risk factors and cautionary information. The Company does not undertake to update any forward-looking statements or information, including those contained in this report.
On August 10, 2026, the Company issued a press release announcing the above-described transaction. A copy of the press release is furnished with this Current Report on Form 8-K as Exhibit 99.1 and incorporated into this Item 8.01 by reference.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Not applicable.
(b) Not applicable.
(c) Not applicable.
(d) Exhibits.
99.1 Press Release dated August 10, 2026
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| CURTISS-WRIGHT CORPORATION | ||||||||
| By: /s/ K. Christopher Farkas | ||||||||
| K. Christopher Farkas | ||||||||
| Executive Vice President and | ||||||||
| Chief Financial Officer | ||||||||
Date: August 11, 2026 | ||||||||
 |  | |||||||||||||
| NEWS RELEASE | ||||||||||||||
FOR IMMEDIATE RELEASE
Contact: Jim Ryan | ||
(704) 869-4621 | ||
jim.ryan@curtisswright.com | ||
CURTISS-WRIGHT ANNOUNCES $100 MILLION EXPANSION OF 2026
SHARE REPURCHASE PROGRAM
DAVIDSON, N.C. – August 10, 2026 -- Curtiss-Wright Corporation (NYSE: CW) today announced a $100 million expansion of its 2026 share repurchase program, which is now expected to result in annual share repurchases of $160 million in 2026.
“We are pleased to announce this new $100 million expansion of our 2026 repurchase program and increased commitment to share buybacks to reinforce our confidence in Curtiss-Wright’s future growth,” said Lynn M. Bamford, Chair and Chief Executive Officer of Curtiss-Wright Corporation. “As demonstrated by the recent upward revision in our full-year 2026 guidance across all major financial metrics, we continue to deliver strong operational performance, compound earnings at a mid-teens pace, and generate strong and consistent free cash flow generation. In addition, our healthy balance sheet continues to support disciplined capital allocation emphasizing strategic acquisitions as an accelerator to organic growth, reinvestment in our core operations, and consistent returns to shareholders.”
Under this new program, the Company will repurchase $100 million in additional shares immediately via a 10b5-1 program. The Company continues to execute on its existing $60 million share repurchase program, initiated in January 2026, which is expected to be completed this year. Upon completion of these programs, the Company will have remaining open repurchase authorization of $390 million.
About Curtiss-Wright Corporation
Curtiss-Wright Corporation (NYSE: CW) is a global integrated business that provides highly engineered products, solutions and services mainly to Aerospace & Defense markets, as well as critical technologies in demanding Commercial Nuclear Power, Process and Industrial markets. We leverage a workforce of approximately 9,200 highly skilled employees who develop, design and build what we believe are the best engineered solutions to the markets we serve. Building on the heritage of Glenn Curtiss and the Wright brothers, Curtiss-Wright has a long tradition of providing innovative solutions through trusted customer relationships. For more information, visit www.curtisswright.com.