Curtiss-Wright wins over $225M in submarine, carrier contracts

Curtiss-Wright (NYSE:CW) secured over $225M in U.S. Navy contracts for submarine and aircraft carrier programs, supplying propulsion valves, pumps, and control systems. Work will be done at NY and PA facilities, continuing through 2030. The company has supported the U.S. Naval Nuclear Propulsion Program for over 60 years.

Curtiss-Wright Corporation (CW) secured over $225M in U.S. Navy contracts for submarine and aircraft carrier equipment, with work continuing through 2030. The contracts extend its existing role in the Naval Nuclear Propulsion Program.

Curtiss-Wright (NYSE: CW) has secured over $225 million in contracts supporting U.S. Navy submarine and carrier programs. The company provides mission-critical products enhancing performance and reliability. Curtiss-Wright has been a trusted supplier for over 60 years. The press release includes forward-looking statements with associated risks.

Curtiss-Wright (CW) will restructure its leadership on Jan. 1, 2027, replacing the COO role with three segment presidents: David Micha, Brian Perry, and Jeffrey Troutner. They will report to CEO Kevin Rayment. The company expects this change to drive growth and operational efficiency, according to Rayment.

Curtiss-Wright (CW) shares dropped 8% to a 52-week low of $509.10 after announcing a CFO transition. The stock closed 10% below its 50-day SMA and 18% below its 200-day SMA, with a forward P/E of 36.18 and a PEG ratio of 2.49. The decline reflects market uncertainty about leadership changes, despite broader bullish sentiment in the defense and aerospace sector.

Curtiss-Wright (CW) shares fell 7.7% after CFO K. Christopher Farkas resigned, with interim CFO appointed. CEO transition planned for 2027. Insider selling noted, but operational fundamentals remain strong. Stock hit 52-week low of $509.21.