Curtiss-Wright Corporation announced on September 10, 2026, that its Board of Directors has authorized an additional $510 million for future share repurchases. This action increases the total available authorization for the company’s common stock to $700 million. The company notes that $190 million of this total remains from previously announced authorizations.
The company plans to repurchase shares through a variety of methods, including open market purchases, accelerated share repurchase transactions, negotiated block transactions, and 10b5-1 plans. The repurchase authorization does not have an expiration date and may be amended, discontinued, or terminated by the Board at any time. The timing, price, and volume of purchases will depend on market conditions and other relevant considerations.
On the same day, Curtiss-Wright entered into a written trading plan under Rule 10b5-1. This plan authorizes the purchase of $100 million in shares, executed ratably through the end of October 2026. The company also declared a quarterly dividend of $0.26 per share of common stock, payable on October 9, 2026, to stockholders of record as of September 25, 2026.
The company stated that it expects to repurchase outstanding shares to offset dilution from employee equity-based compensation plans and may make discretionary, opportunistic purchases. The company also noted that it has returned in excess of $1.5 billion to shareholders via share repurchases since 2021.
