S&P Upgrades Textron (TXT) to 'BBB/A-2'; Outlook Stable
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Curtiss-Wright Announces Sale of Douglas Equipment Business
January 13, 2015 2:00 PM ESTCHARLOTTE, N.C., Jan. 13, 2015 (GLOBE NEWSWIRE) -- Curtiss-Wright Corporation (NYSE: CW) today announced that it has sold the assets of its Douglas Equipment (Douglas) business to a subsidiary of Textron Inc. (NYSE: TXT).
"This transaction aligns with our stated objective to divest non-core operations as part of our previously outlined operating margin improvement initiatives," said David C. Adams, Chairman and CEO of Curtiss-Wright Corporation. "Furthermore, it enables us to focus on our core commercial aerospace businesses, while also providing a better strategic fit for Douglas' product portfolio.... More
