Curtiss‑Wright Corporation announced that its board has increased the company’s share‑repurchase authorization by $416 million, raising the total buyback capacity to $550 million. The company also declared a quarterly dividend of $0.24 per share, payable on December 12 2025 to shareholders of record as of November 28 2025.
The authorization increase follows a series of prior expansions: a $400 million boost in May 2025 that lifted the program to $534 million, a $200 million expansion in August 2025, and an existing $60 million program launched in January 2025. Since early 2021, Curtiss‑Wright has returned more than $1.1 billion to shareholders through share repurchases, underscoring a long‑term commitment to capital allocation.
Curtiss‑Wright’s dividend has grown for nine consecutive years. The company paid $0.21 per share in February 2025 for Q4 2024 results and $0.24 per share in May 2025, payable in July 2025. The current $0.24 dividend continues that upward trajectory and reflects the company’s disciplined approach to returning cash to investors.
The decision to expand the buyback program is driven by robust free‑cash‑flow generation and the company’s “Pivot to Growth” strategy. Strong performance in the Aerospace & Defense segment, coupled with a record $3.9 billion order backlog that grew 14% year‑to‑date in Q3 2025, has bolstered confidence in the company’s long‑term cash‑flow prospects. These factors support the board’s view that the balance sheet remains healthy and that additional capital can be deployed without compromising growth initiatives.
Chair and CEO Lynn M. Bamford said the authorization increase “reflects our Board’s continued confidence in Curtiss‑Wright’s healthy balance sheet and consistent free‑cash‑flow generation. It also demonstrates our commitment to disciplined capital allocation while pursuing strategic acquisitions that accelerate organic growth.” Bamford added that the company remains on track to deliver record share repurchases in 2025.
Investors have historically responded favorably to share‑repurchase expansions of this magnitude. Similar moves in May and August 2025 were well received, reinforcing the market’s view that Curtiss‑Wright’s capital‑allocation strategy is aligned with shareholder interests.
The dividend and buyback expansion signal that Curtiss‑Wright is confident in its financial position and expects continued growth in its core markets. The company’s consistent dividend increases and record share‑repurchase activity reinforce its long‑term value‑creation strategy for shareholders.
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