Curtiss-Wright Corporation (NYSE: CW) has been awarded contracts by Leidos valued at approximately $40 million. The agreement supports the production of the U.S. Army’s Indirect Fire Protection Capability Increment 2 (IFPC Inc 2) system.

Contract Details

Under the terms of the agreement, Curtiss-Wright will provide specific technologies for mobile ground-based air defense systems. The scope of work includes:

• Electromechanical actuation technology
• Rugged, small form factor mission computers

The contract underscores the company's role in supplying critical components for advanced military defense infrastructure. No further financial details or duration specifics were disclosed in the announcement.

Strategic Context

IFPC Inc 2 is a ground-based air defense system designed to provide air-defense launching capability against rapidly evolving threats by acquiring, tracking, engaging and defeating cruise missiles, rockets and unmanned aircraft systems. The system is expected to support Indo-Pacific operations for the Defense of Guam.

Curtiss-Wright is performing the work within its Aerospace & Industrial and Defense Electronics segments.

Technology Specifications

Curtiss-Wright’s electromechanical actuators incorporate commercial roller screw and motor technologies modified to meet the U.S. Army’s rigorous environmental and performance criteria. These offer clean, fast and accurate control over a wide range of force, speed, and positioning.

The company’s DuraCOR 8044 mission computer incorporates the 11th generation Intel Xeon W (Tiger Lake-H) processor. It is optimally designed for size, weight, and power (SWaP)-sensitive mobile, airborne, ground, manned/unmanned vehicle, and sensor applications.

Executive Commentary

"Curtiss-Wright is proud to continue its partnership with Leidos by providing our industry-leading electromechanical actuation and rugged defense computing technology in support of the U.S. Army’s IFPC program," said Lynn M. Bamford, Chair and Chief Executive Officer of Curtiss-Wright Corporation. "These contracts build upon Curtiss-Wright’s track record as a supplier of high-precision, high-torque actuators and cost-effective mission computing solutions that can meet the military’s growing need for efficiency, improved size and weight, and increased power."

Curtiss-Wright Corporation (NYSE: CW) announced a $100 million expansion of its 2026 share repurchase program, signaling continued confidence in its financial position and growth strategy. The move increases the company's expected annual share repurchases for 2026 to $260 million.

The expansion underscores management's commitment to long-term value creation for shareholders. Lynn M. Bamford, Chair and CEO of Curtiss-Wright Corporation, stated that the decision reflects the Board of Directors' confidence in the company's "Pivot to Growth" strategy, healthy balance sheet, and long-term financial outlook.

Repurchase Program Details

Under the new program, Curtiss-Wright will repurchase $100 million in additional shares immediately through a 10b5-1 plan. This action is separate from the existing $60 million share repurchase program initiated in January 2026, which the company expects to complete this year.

Upon completion of both programs, Curtiss-Wright will have a remaining open repurchase authorization of $290 million. The company continues to execute on its existing commitments while adding this new layer of capital return.

What the Numbers Show

The immediate execution of the $100 million expansion via a 10b5-1 plan indicates a structured approach to share buybacks. By combining the new $100 million allocation with the ongoing $60 million program, the company targets a total of $260 million in repurchases for 2026. This leaves a substantial buffer of $290 million in authorized but unallocated capital, providing flexibility for future market opportunities or additional shareholder returns.

About Curtiss-Wright Corporation

Curtiss-Wright Corporation is a global integrated business providing highly engineered products, solutions, and services primarily to Aerospace & Defense markets. It also serves critical technologies in demanding Commercial Nuclear Power, Process, and Industrial markets. The company employs approximately 9,200 skilled workers who develop and build engineered solutions for these sectors.