$500.480
-1.551 (-0.31%)At close
CW News
CW Events
Curtiss-Wright Completes Installation of Natrium Training Simulator
Curtiss-Wright announced that it has delivered and completed installation of the Stage 1 Training Simulator, TSN, at TerraPower's Natrium site in Kemmerer, Wyoming. "Curtiss-Wright is pleased to announce the successful development and installation of the Natrium Training Simulator at the Kemmerer site," said Lynn Bamford, Chair and CEO of Curtiss-Wright Corporation. "This is a key milestone in our collaboration with TerraPower that exemplifies our ability to leverage Curtiss-Wright's advanced technologies, domain expertise, and engineering leadership to meet the needs of next-generation nuclear reactors. As a leading global supplier of nuclear reactor technologies, Curtiss-Wright is well positioned to support the anticipated acceleration in demand for advanced reactors and continued expansion of the U.S. reactor fleet."
Curtiss-Wright CFO K. Christopher Farkas to Retire at Year-End
Curtiss-Wright announced that K. Christopher Farkas, Executive Vice President and Chief Financial Officer, will be retiring effective at calendar year-end. In connection with his retirement, Mr. Farkas has stepped down from his position as Chief Financial Officer, but he will remain with the Company as Executive Vice President until the Retirement Date to facilitate a seamless transition. Gary Ogilby, Senior Vice President and Corporate Controller, will serve as interim CFO, effective October 6, 2026, while the Board of Directors conducts a comprehensive search for a permanent successor. "On behalf of the Board of Directors and the Curtiss-Wright leadership team, I want to thank Chris for his excellence in leading our finance function as CFO over the past six years," said Lynn Bamford, Chair and Chief Executive Officer. "Chris has played an important role in our strong financial performance and healthy balance sheet, while helping to create tremendous value for our shareholders. I've appreciated Chris' partnership in executing our Pivot to Growth strategy and congratulate him on an impressive career at Curtiss-Wright." Gary A. Ogilby joined Curtiss-Wright in 2010 and has served as Vice President and Corporate Controller since 2020 and Senior Vice President since 2026. He will continue in this role in addition to serving as interim CFO.
Curtiss-Wright Appoints Kevin Rayment as New CEO
Curtiss-Wright Corporation announced that its Board of Directors has elected Kevin Rayment, EVP and COO, to succeed Lynn Bamford as CEO, effective January 1, 2027. Rayment will also assume the role of President and join Curtiss-Wright's Board of Directors at that time. Ms. Bamford will transition to the role of Executive Chair after six years as CEO.
Curtiss-Wright Authorizes Additional $510M for Share Repurchases
Curtiss-Wright has authorized an additional $510M for future share repurchases, increasing the total available authorization to $700M. Under this new authorization, the company will repurchase $100M in additional shares immediately. In August, the company executed two separate $100M expansions of its previous 2026 share repurchase program as well as an additional $100M in conditional share repurchases. The company continues to execute on its existing $60M share repurchase program, initiated in January 2026 to offset potential dilution from compensation plans, which is expected to be completed this year. Upon completion of these programs, the company expects annual share repurchases of $460M in 2026, in-line with last year's record $466M buyback program. Since 2021, the company has returned in excess of $1.5B via share repurchases to its shareholders. Entering 2027, the company will have remaining open repurchase authorization of $600M.
Curtiss-Wright Awarded $40M Contract by Leidos
Curtiss-Wright (CW) has been awarded contracts by Leidos (LDOS) valued at approximately $40M to support the production of the U.S. Army's Indirect Fire Protection Capability Increment 2 system. Under the agreement, Curtiss-Wright will provide electromechanical actuation technology along with rugged, small form factor mission computers for mobile ground-based air defense systems.
This page is for research only and is not investment advice. Models can be wrong. Past performance does not guarantee future results.



