$CW · CURTISS WRIGHT CORP

Curtiss-Wright filed an 8-K disclosing that its Board authorized an additional $510 million for share repurchases, raising total available authorization to $700 million (including $190 million remaining from prior programs). The company simultaneously entered into a $100 million Rule 10b5-1 trading plan to be executed ratably through October 30, 2026, leaving $600 million in remaining authorization afterward. The company also declared a quarterly dividend of $0.26 per share.

CW down ~1.05% since filing, a modest decline that likely reflects broader market conditions rather than the buyback news, which is unambiguously shareholder-friendly. The $100M immediate 10b5-1 plan represents roughly 0.5% of the $20.43B market cap.

The $510M upsized authorization signals strong Board confidence in the Pivot to Growth strategy and puts 2026 buybacks on pace to match 2025's record $466M.

Curtiss-Wright's aggressive buyback posture — $460M expected in 2026 on a ~$20B market cap — aligns with the defense sector's broader trend of returning cash to shareholders amid strong government spending tailwinds.

The repurchase authorization has no expiration date and may be amended, discontinued, or terminated by the Board at any time without prior notice. Actual repurchase volume depends on market conditions, securities laws, and other corporate considerations.