Curtiss-Wright Corporation (CW) Announces New $200M Expansion of 2025 Share Repurchase Program

Curtiss-Wright Corporation (NYSE:CW) is among the 12 Best Defense Stocks to Buy Right Now. Earlier this month, the company announced a $200 million expansion of its 2025 share repurchase program. Moreover, the Board declared a quarterly dividend of $0.24 per share, to be paid on October 10 to all stockholders on record as of September 26.

Curtiss-Wright Corporation (CW) Announces New $200M Expansion of 2025 Share Repurchase Program

The share repurchase program’s expansion is set to result in record annual share repurchases of over $450 million in the current fiscal year. Lynn M. Bamford, Chair and CEO of Curtiss-Wright Corporation (NYSE:CW), was quoted as saying the following in a press release on September 10:

“We are pleased to announce this $200 million expansion of our 2025 repurchase program which reinforces our disciplined commitment to long-term value creation and is expected to drive record share repurchases this year. In addition, this new repurchase program reflects our Board’s continued confidence in Curtiss-Wright’s Pivot to Growth strategy, healthy balance sheet and long-term financial outlook.”

Curtiss-Wright Corporation (NYSE:CW) will repurchase additional shares worth $200 million immediately via a 10b5-1 program. It is also executing its existing $60 million repurchase program, initiated in January this year. The company will have remaining open repurchase authorization of $134 million after the completion of these programs.

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