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Robert F. Freda, Vice President and Treasurer of Curtiss-Wright Corp (NYSE:CW), recently executed a series of transactions involving the company’s common stock. On February 4, 2025, Freda acquired 766 shares through a performance share grant under Curtiss-Wright’s 2014 Long Term Incentive Plan. These shares were valued at $344.57 each, amounting to a total acquisition value of $263,940. The transaction comes as Curtiss-Wright, now valued at $13.3 billion, trades at relatively high multiples according to InvestingPro analysis.
Subsequently, on February 5, 2025, Freda sold 379 shares at a price of $346.96 per share, generating a total of $131,497. This sale was conducted in compliance with the company’s share ownership guidelines, allowing Freda to sell a portion of the vested shares to cover individual income tax obligations related to the vesting of the award. Following these transactions, Freda’s direct ownership stands at 4,667 shares. The stock has shown remarkable strength, delivering a 55.75% return over the past year. InvestingPro subscribers can access 15+ additional insights about Curtiss-Wright’s valuation and performance, with the company’s next earnings report due in 7 days.
In other recent news, Curtiss-Wright Corporation has been making significant financial and strategic moves. The company declared a quarterly dividend of $0.21 per share, demonstrating its commitment to delivering shareholder value. Additionally, Curtiss-Wright secured a $27 million contract to supply the U.S. Navy with its Aircraft Ship Integrated Securing and Traversing systems, part of a larger agreement potentially worth close to $100 million.
Citi analysts initiated coverage on Curtiss-Wright with a Buy rating, predicting a strong financial future for the company, including an anticipated net cash positive status by 2026. In a recent strategic move, Curtiss-Wright completed the acquisition of Ultra Energy for $200 million, a move expected to enhance its global commercial nuclear portfolio.
Finally, the company announced an expansion of its share repurchase program by $100 million, emphasizing its strong financial position and commitment to enhancing shareholder value. These recent developments highlight Curtiss-Wright’s active engagement in financial and strategic initiatives.
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