Aug. 11 at 4:55 PM
Curtiss-Wright shares rise 3% on $ 200M buyback program expansion
Curtiss-Wright Corp. announced a
$200 million increase to its 2025 share repurchase program, raising its total planned buybacks to
$266 million. The expanded program starts immediately via a 10b5-1 plan, alongside the existing
$60 million buyback launched in January. After both,
$334 million in buyback authorization remains.
CEO Lynn M. Bamford highlighted strong mid-double-digit earnings growth and solid free cash flow. The announcement follows an upward revision of 2025 financial guidance.
Separately, Curtiss-Wright was selected by Rheinmetall Landsysteme Germany to provide turret drive stabilization technology for the KF51 Panther main battle tank, with work underway since December 2024 via Curtiss-Wright Defense Solutions.
$CW