Curtiss-Wright Corp - Company Profile
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Business Description
Curtiss-Wright Corp (Curtiss-Wright) is a manufacturing and service company, which designs, manufactures and overhauls highly engineered products and provides related services. It serves customers in the general industrial, aerospace, defense and power generation sectors. The company owns and has operating interests in manufacturing facilities in New York, Arizona, California, Ohio, North Carolina, South Carolina, and Pennsylvania, and internationally in Mexico, Canada and the United Kingdom.
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R&D Overview
The company's Research and Development (R&D) efforts are towards developing novel products for the commercial sector as well as independent development of generic products. The company also conducts R&D work related to government contracts and for engineering related to specific customer requirements. The company is also involved in acquiring patents and trade secrets and owns multiple U.S patents by way of acquisition of technologies. Its R&D operations are also in line with the expected defense spending of the Department of Defense of the US. It is involved in developing emerging technology such as security, hypersonics, net-centric connected battlefield, soldier survivability, and Modular Open Systems Approach capabilities. In FY2022, the company spent US$80.8 million on R&D, which was 3.2% of the company’s revenue and decreased 8.7% YoY.
Business Segments
Overview
Provides highly engineered products and services to customers in the general industrial and commercial aerospace markets. Offers industrial and specialty vehicle products such as electronic throttle control devices, joysticks and transmission shifters; valves; sensors and electro-mechanical actuation control components; and surface technology services such as laser peening; shot peening; advanced testing; and coatings. End customers include global industrial and commercial vehicles, medical and transportation industries and distribute products through commercial sales and marketing channels. In FY2022, the segment's capital expenditure stood at US$18.6 million, which grew 10.7% YoY.
Performance
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Overview
Offers electronic products which include Commercial Off-the-Shelf embedded computing board-level modules, data acquisition and flight testing equipment, integrated subsystems, instrumentation and control systems, tactical communication systems, and electronic stabilization products. Provides products for aerospace defense, naval defense and ground defense applications and are used in fighter jets, unmanned aerial vehicles, nuclear and non-nuclear naval vessels. Sells products through government regulated contracting channels. In FY2022, the segment's capital expenditure stood at US$3.5 million, which decreased 10.3% YoY.
Performance
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Overview
Provides products to customers in the naval defense market. Offers coolant pumps, compact motors, generators, propulsion systems, pumps, seals, valves, control mechanisms, fastening systems, containment doors, airlocks, fuel management systems and fluid sealants. Provides ship repair and maintenance services to the U.S Navy's Atlantic and Pacific fleets and sells products through government regulated contractor channels. In FY2022, the segment's capital expenditure stood at US$13.7 million, which decreased 24.3% YoY.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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