Curtiss‑Wright Corp Authorizes Up to $700M Share Repurchase

What Happened

• Curtiss‑Wright Corporation announced on September 10, 2026 that its Board authorized an additional $510 million for share repurchases, bringing total available authorization to $700 million (including $190 million remaining from prior authorizations).
• The company also adopted a written Rule 10b5‑1 trading plan on September 10, 2026 to execute $100 million of repurchases ratably through October 30, 2026; following that plan the Company expects about $600 million of authorization remaining.

Key Details

• Authorization size: $510 million additional; total available authorization = $700 million.
• 10b5‑1 trading plan: $100 million in purchases, effective Sep 10, 2026 and ceasing Oct 30, 2026.
• Repurchase methods may include open‑market purchases, accelerated share repurchase transactions, negotiated block trades, 10b5‑1 plans, and other bank‑facilitated or private transactions.
• The repurchase authorization has no expiration date and may be amended, discontinued, or terminated by the Board; repurchases will depend on market, legal and regulatory conditions.

Why It Matters

• Share repurchases can reduce diluted shares outstanding and offset the dilutive impact of employee equity awards; they also represent a material use of the company’s cash and capital allocation decisions.
• The 10b5‑1 plan lets Curtiss‑Wright buy shares even during periods when it might otherwise be restricted from trading, providing a predictable way to execute $100 million of buys in the near term.
• Investors should watch future Form 10‑Q/10‑K filings for actual repurchase activity and consider that buybacks are subject to market conditions and regulatory/insider‑trading rules, as noted in the company’s forward‑looking disclosures.