Curtiss-Wright Corporation Awarded USD 40 Million in Contracts by Leidos Holdings, Inc. to Supply Electromechanical Actuation and Mission Computing for U.S. Army Indirect Fire Protection Capability Program

Singapore's competition regulator approved Analogic Corp.'s acquisition of Leidos Inc.'s Security and Automation businesses, citing no substantial competition concerns. The regulator noted existing suppliers, potential entrants, and competitive tenders would maintain market pressure.

Curtiss-Wright reported Q2 2026 sales of $924M, adjusted EPS of $3.72, and adjusted operating margin of 19.4%, all above expectations. The company raised full-year guidance to 8-9% sales growth and 14-16% EPS growth, with free cash flow outlook at $585M-$605M. New orders increased 8% YoY to $1.1B, and backlog reached $4.5B, up 10% from year-end 2025.

Curtiss-Wright plans an $80M expansion of its Cheswick, Pennsylvania facility, focusing on naval and nuclear markets. The investment includes new buildings and aims to create 150 jobs over three years, while retaining 860 existing positions.

Curtiss-Wright secured $40M contracts from Leidos to supply electromechanical actuators and rugged computers for the U.S. Army's Indirect Fire Protection Capability Increment 2 (IFPC Inc 2) system, which defends against cruise missiles, rockets, and drones. The company's DuraCOR 8044 mission computer and adapted roller screw technologies will support the mobile defense platforms. The system is part of the Army's broader strategy to enhance air defense in regions like the Indo-Pacific.

The U.S. Army's Project Janus selected five companies, including BWX Technologies (BWXT) and Westinghouse (partly owned by Cameco Corp. (CCJ)), to deploy microreactors at military bases. The Nuclear Energy Launch Pad added 13 new projects, including Lightbridge (LTBR) and Oklo (OKLO). The U.S. Army will invest up to $2.2 billion through 2031, with reactors operational by 2028. These initiatives highlight the expansion of advanced nuclear energy programs.

Curtiss-Wright has secured $40 million in contracts from Leidos. The company also expanded its 2026 share repurchase program by $100 million. Curtiss-Wright's stock is currently trading at $578.32, with a 5-day change of -3.03% and a year-to-date change of -5.90%.