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Investing.com -- Curtiss-Wright Corporation (NYSE:CW) stock rose 3% after the company announced a $200 million expansion of its 2025 share repurchase program, bringing its expected annual share repurchases to $266 million in 2025.
The expanded buyback program will be implemented immediately through a 10b5-1 program, while the company continues to execute its existing $60 million share repurchase program initiated in January 2025. Upon completion of both programs, Curtiss-Wright will have $334 million in remaining open repurchase authorization.
"We are pleased to announce this new $200 million expansion of our 2025 repurchase program and increase to our annual share buyback commitment," said Lynn M. Bamford, Chair and Chief Executive Officer of Curtiss-Wright Corporation. Bamford noted that the company is "compounding earnings at a mid-teens pace over time, and delivering strong and consistent free cash flow generation."
The announcement follows the company’s recent upward revision of its full-year 2025 guidance across all major financial metrics earlier this month. Curtiss-Wright emphasized that its healthy balance sheet supports its disciplined capital allocation strategy, which focuses on pursuing strategic acquisitions, reinvesting in the business, and delivering consistent shareholder returns.
Separately, the company also announced it has been selected by Rheinmetall (ETR:RHMG) Landsysteme Germany to provide turret drive stabilization system technology for the KF51 Panther Main Battle Tank. This contract, which began in December 2024, will be performed by Curtiss-Wright Defense Solutions.
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