Curtiss-Wright Corporation will invest $80 million to expand operations at its Cheswick, Pennsylvania facility, aiming to enhance manufacturing and testing capacity for naval defense and commercial nuclear markets. The multi-year investment, supported by internal capital, state funding, and maritime industrial base financing, is expected to create approximately 150 new jobs over the next three years while retaining more than 860 existing positions. The expansion strengthens the company's ability to meet growing customer demand and reinforces its role as a critical supplier in these industries.

Expansion Details and Funding

The expansion project, which began in 2025, involves constructing two new buildings at the 118-acre Cheswick campus. These additions are designed to improve operational efficiency, reduce lead times, and support future growth. The initiative is backed by the Commonwealth of Pennsylvania and Governor Josh Shapiro, with funding coordinated by the Governor’s BusinessPA team.

The Department of Community and Economic Development (DCED) provided a funding proposal for a $1,210,000 grant through the PA SITES (Pennsylvania Strategic Investments to Enhance Sites) Program. This state support complements internal capital investments and maritime industrial base funding via the U.S. Department of War budget.

Strategic Impact and Leadership Commentary

Lynn M. Bamford, Chair and CEO of Curtiss-Wright Corporation, emphasized the strategic importance of the expansion. "This expansion strengthens our ability to meet growing customer demand in our naval defense and commercial nuclear end markets, and reinforces our commitment to the workforce and the community," Bamford said. She also noted the administration's continued strong funding for naval shipbuilding, including accelerated maritime industrial base funding.

David Micha, Sr. Vice President of Curtiss-Wright Electro-Mechanical Systems, expressed gratitude for the state's partnership. "We are grateful for Governor Shapiro and the Commonwealth’s continued partnership, including their support through the PA SITES program," Micha stated.

Regional and Economic Significance

Governor Shapiro highlighted the expansion as a success of the state's Economic Development Strategy. "This expansion is yet another clear example of how our Economic Development Strategy is working and delivered for our Commonwealth," Shapiro said. He added that the project creates good-paying jobs and strengthens the manufacturing base.

DCED Secretary Rick Siger praised the strategic investments boosting the manufacturing industry. "Curtiss-Wright’s decision to expand is great news for Allegheny County and our entire Commonwealth," Siger remarked.

Stefani Pashman, CEO of the Allegheny Conference on Community Development, noted Curtiss-Wright's role as a vital anchor in the nuclear and defense ecosystems. "Their decision to invest $80 million to expand their operations in Allegheny County ensures our region remains at the forefront of critical national infrastructure," Pashman said.

Facility Overview

The Cheswick facility is a leader in designing, developing, and manufacturing advanced solutions, including canned motor pumps, motors, generators, and control rod drive mechanisms. It has served the commercial nuclear power industry since the first U.S. nuclear power plant was built in Shippingport, PA, and has supported the U.S. nuclear navy since the first nuclear-powered submarine, the Nautilus (SSN-571).

Citigroup analyst John Godyn has maintained a Neutral rating on Curtiss-Wright and raised the price target to $793 from $775. The adjustment reflects an updated valuation outlook for the company's stock.

Rating and Price Action

The brokerage firm reiterated its Neutral stance on Curtiss-Wright (NYSE: CW). The new price target of $793 represents an increase from the previous target of $775.