Curtiss-Wright Corporation is a diversified global provider of precision engineered products and services focused on the aerospace, defense, and industrial markets
The company designs and manufactures an array of components and systems, including motion control technologies, aerospace systems, and fluid management solutions. Leveraging advanced engineering expertise, Curtiss-Wright serves a wide range of applications, from military and commercial aviation to nuclear and renewable energy sectors, playing a crucial role in enhancing safety, efficiency, and reliability in critical operations worldwide.
Curtiss-Wright Corporation (NYSECW) today announced that it has completed the acquisition of Ultra Nuclear Limited and Weed Instrument Co., Inc. (“Ultra Energy”) for $200 million in cash. Ultra Energy is a leading global provider of safety-critical measurement and control systems to the Commercial Nuclear and Aerospace & Defense markets.
Curtiss-Wright Corporation (NYSECW) today announced a $100 million expansion of its 2024 share repurchase program, which it expects to complete via a 10b5-1 program by the end of the year. This program will be conducted in concurrence with the existing $50 million share repurchase program being executed this year, and follows the recent completion of a $100 million opportunistic program that was executed in the third quarter. As a result, the Company now expects annual share repurchases of $250 million in 2024.
Nuclear energy appears to be having its time in the sun. Many large tech companies and AI investors think nuclear energy is uniquely positioned to power data centers. One such company that is poised to benefit is Curtiss-Wright Corp.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Howmet (NYSEHWM) and the best and worst performers in the aerospace industry.
Curtiss-Wright Corporation (NYSECW) today announced that Paul J. Ferdenzi, Vice President, General Counsel and Corporate Secretary, plans to retire after a distinguished 25-year career with the Company. Mr. Ferdenzi will continue to serve as a Vice President of the Company to assist the Executive Team with the transition until his retirement at the end of this year.
Curtiss-Wright Corporation (NYSECW) today announced that the Board of Directors declared a quarterly dividend of twenty-one cents ($0.21) per share on Curtiss-Wright Common Stock, payable December 3, 2024, to stockholders of record as of November 22, 2024.
Curtiss-Wright Corporation (NYSECW) today announced that Lynn M. Bamford, Chair and Chief Executive Officer, and K. Christopher Farkas, Vice President and Chief Financial Officer, will participate in the Baird 2024 Global Industrial Conference. A fireside chat discussion and simultaneous webcast will take place on Thursday, November 14, 2024, at 9:40 am CT (10:40 am ET). There will be no formal presentation at this event.
Aerospace and defense technology solutions provider Astronics Corporation (NASDAQATRO)
will be announcing earnings results tomorrow afternoon. Here’s what to look for.
Aerospace and defense company Curtiss-Wright (NYSECW) reported revenue ahead of Wall Street’s expectations in Q3 CY2024, with sales up 10.3% year on year to $798.9 million. The company expects the full year’s revenue to be around $3.07 billion, close to analysts’ estimates. Its GAAP profit of $2.89 per share was also 7.6% above analysts’ consensus estimates.
Curtiss-Wright Corporation (NYSECW) congratulates X-Energy Reactor Company, LLC (X-energy) on its collaboration with Amazon to generate and deliver more than 5 gigawatts of new power projects across the U.S. by 2039, representing the largest commercial deployment target of Small Modular Reactors (SMRs) to date. The partnership will support future carbon-free projects that will use X-energy’s Xe-100 advanced SMRs as well as long-term power purchase agreements to power Amazon operations, including energy-intensive data centers.
Curtiss-Wright Corporation (NYSECW) expects to release its third quarter 2024 financial results after the close of trading on Wednesday, October 30, 2024. A webcast conference call will be held on Thursday, October 31, 2024 at 10:00 am ET for management to discuss the Company’s third quarter 2024 financial performance. Lynn M. Bamford, Chair and Chief Executive Officer, and K. Christopher Farkas, Vice President and Chief Financial Officer, will host the call.
Curtiss-Wright’s Nuclear Division and Westinghouse Electric Company announced today that they have signed a Memorandum of Understanding (MoU) to support AP1000® and AP300™ projects in Canada. The MoU leverages Curtiss-Wright’s comprehensive and diverse portfolio of advanced nuclear power equipment, technology, and services to complement Westinghouse’s resources in new build opportunities.
