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.
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, 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 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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