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DAVIDSON, N.C. - Curtiss-Wright Corporation (NYSE: CW), a $17.2 billion aerospace and defense company trading near its 52-week high of $463.38, has been awarded an approximately $80 million firm-fixed-price Indefinite Delivery, Indefinite Quantity (IDIQ) contract by the United States Air Force (USAF) for its High-Speed Data Acquisition System hardware and repair services, according to a press release statement.
The contract covers Curtiss-Wright’s complete line of Flight Test Instrumentation products and will support both current production platforms and future USAF development programs. The agreement is scheduled to run through March 2030.
Under the terms, Curtiss-Wright will provide aerospace instrumentation technology including data acquisition, network, recording, gateway, RF, and data analysis software products. The contract also includes enhancements, upgrades, repair services, field service, and technical support for the equipment.
Lynn M. Bamford, Chair and Chief Executive Officer of Curtiss-Wright Corporation, said the contract "reflects the U.S. Air Force’s recognition of the ongoing reliability and performance" of the company’s flight test instrumentation technology.
Curtiss-Wright will perform the work within its Defense Electronics segment. The company supplies aerospace data acquisition solutions that collect, process, record, transmit, and analyze flight test data.
Curtiss-Wright Corporation employs approximately 8,900 people and provides engineered products and services primarily to Aerospace & Defense markets, as well as to Commercial Power, Process and Industrial markets.
In other recent news, Curtiss-Wright Corporation reported impressive financial results for the first quarter of 2025, with earnings per share reaching $2.82, significantly surpassing the forecast of $2.43. The company’s revenue also exceeded expectations, coming in at $860 million compared to the anticipated $764.19 million. Following this announcement, Curtiss-Wright raised its full-year sales and earnings guidance for 2025. In addition, Truist Securities increased its price target for Curtiss-Wright to $356, maintaining a Hold rating, after the company posted strong quarterly results and raised its outlook for the year. Meanwhile, Wolfe Research analysts raised their price target for Curtiss-Wright to $525, citing potential growth in the nuclear sector as a key factor. Curtiss-Wright also announced a $400 million expansion in its share repurchase program and a 14% increase in its quarterly dividend, reflecting the company’s commitment to returning value to shareholders. These developments highlight a period of robust performance and strategic financial management for Curtiss-Wright.
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