Curtiss-Wright raises share repurchase authorization to $700M

Curtiss-Wright Corporation (NYSE: CW) announced that its board of directors has authorized an additional $510 million for future share repurchases, bringing the total available authorization to $700 million.

Under the new authorization, the company will immediately repurchase $100 million in additional shares through a 10b5-1 program. The company also declared a quarterly dividend of $0.26 per share, payable October 9, 2026, to stockholders of record as of September 25, 2026.

In August, the company executed two separate $100 million expansions of its previous 2026 share repurchase program, along with an additional $100 million in conditional share repurchases. The company is also continuing a $60 million repurchase program initiated in January 2026 to offset potential dilution from compensation plans, which is expected to be completed this year.

Upon completion of these programs, the company expects total annual share repurchases of $460 million in 2026, compared with $466 million in buybacks last year. Since 2021, the company has returned more than $1.5 billion to shareholders through share repurchases. Entering 2027, Curtiss-Wright will have $600 million in remaining open repurchase authorization.

"This up-sized authorization reflects our Board's confidence in Curtiss-Wright's Pivot to Growth strategy, healthy balance sheet and strong financial outlook," said Lynn M. Bamford, Chair and Chief Executive Officer of Curtiss-Wright.

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