Spain’s credit rating upgraded to ’A+’ by S&P on strong growth
DAVIDSON, N.C. - Curtiss-Wright Corporation (NYSE:CW), currently trading near its 52-week high of $517.09, announced on Wednesday a $200 million expansion of its 2025 share repurchase program, which is expected to result in record annual share repurchases exceeding $450 million this year. According to InvestingPro analysis, the stock appears overvalued at current levels, despite showing strong momentum with a 63% return over the past year.
The aerospace and defense company will implement the additional $200 million repurchase immediately through a 10b5-1 program, according to the press release statement. Curtiss-Wright continues to execute its existing $60 million share repurchase program initiated in January 2025, which the company expects to complete this year.
Upon completion of both programs, Curtiss-Wright will have $134 million in remaining open repurchase authorization.
The company’s Board of Directors also declared a quarterly dividend of $0.24 per share, payable October 10, 2025, to stockholders of record as of September 26, 2025. InvestingPro data reveals that Curtiss-Wright has maintained dividend payments for an impressive 52 consecutive years, with 8 consecutive years of dividend increases.
"This $200 million expansion of our 2025 repurchase program reinforces our disciplined commitment to long-term value creation and is expected to drive record share repurchases this year," said Lynn M. Bamford, Chair and Chief Executive Officer of Curtiss-Wright Corporation.
Curtiss-Wright is a global integrated business that provides engineered products and services primarily to aerospace and defense markets, as well as to commercial nuclear power and industrial markets. The $18.65 billion market cap company employs approximately 9,000 people and maintains strong financial health with a current ratio of 1.95. InvestingPro subscribers can access 14 additional exclusive insights about Curtiss-Wright’s financial performance and outlook in the comprehensive Pro Research Report.
In other recent news, Curtiss-Wright Corporation reported impressive financial results for the second quarter of 2025, surpassing analysts’ expectations. The company achieved an earnings per share (EPS) of $3.23, exceeding the projected $3.10, and reported revenue of $877 million, which was higher than the anticipated $856.15 million. Additionally, Curtiss-Wright announced a significant expansion of its 2025 share repurchase program by $200 million, bringing the expected annual share repurchases to $266 million. This expansion will be implemented immediately through a 10b5-1 program. Meanwhile, Radiance Technologies appointed Tony Moraco to its Board of Directors. Moraco previously served as the CEO of Science Applications International Corporation, where he successfully led the company through strategic acquisitions and revenue growth. These developments highlight Curtiss-Wright’s financial performance and strategic moves, as well as Radiance Technologies’ leadership enhancement.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.