Curtiss-Wright Expands 2026 Share Buyback Program by $100 Million
The aerospace and defense contractor now plans to repurchase $260 million in shares this year, executing the new tranche through a 10b5-1 trading plan.
Accelerated Capital Return
Curtiss-Wright Corporation disclosed in an 8-K filing that it has expanded its 2026 share repurchase program by $100 million, bringing the total planned buybacks for the year to $260 million (8-K filing, 2026-08-19). The aerospace and defense contractor, with a market capitalization of approximately $25 billion, closed at $673.34 per share prior to the announcement.
The company will execute the new $100 million repurchase immediately through a Rule 10b5-1 trading plan, which allows for stock buybacks during periods when the company might otherwise face trading restrictions due to blackout periods or insider trading limitations (8-K filing, 2026-08-19).
Management Commentary
"We are pleased to announce another $100 million expansion of our 2026 repurchase program, which underscores our disciplined approach to long-term value creation for our shareholders," said Lynn M. Bamford, Chair and CEO, in the company's press release (8-K filing, 2026-08-19). Bamford added that the expansion "reflects our Board of Directors' continued confidence in Curtiss-Wright's Pivot to Growth strategy, healthy balance sheet and long-term financial outlook."
Program Details
Under the 10b5-1 trading plan entered on August 18, 2026, the company will purchase shares up to the maximum daily target volume allowable under Rule 10b-18 of the Securities Exchange Act (8-K filing, 2026-08-19). The plan is expected to be completed by the end of August 2026, with a broker having authority to execute repurchases on the company's behalf within the plan's specified terms and limitations.
The filing noted that Curtiss-Wright continues to execute on its existing $60 million share repurchase program initiated in January 2026, which is also expected to be completed this year (8-K filing, 2026-08-19). Upon completion of both programs, the company will have $290 million in remaining open repurchase authorization out of a total of $390 million currently available.
Company Profile
Curtiss-Wright describes itself as a global integrated business providing highly engineered products, solutions and services primarily to aerospace and defense markets, as well as commercial nuclear power, process and industrial markets (8-K filing, 2026-08-19). The company employs approximately 9,200 workers across its operations.
According to MarginX data, the company is scheduled to report Q3 2026 results on November 4, 2026. Recent insider activity includes a purchase of 209.38 shares by Lyash Jeffrey J., along with awards to executives McDonald George P. (25 shares) and Farkas K Christopher (21 shares).
The filing included standard forward-looking statement disclaimers, noting that share repurchase plans are subject to risks including changes in stock price and volume volatility, adverse market developments, and unplanned capital requirements (8-K filing, 2026-08-19). Information regarding share repurchases will be available in the company's periodic reports on Form 10-Q and 10-K filed with the Securities and Exchange Commission.
This article was generated by MarginX from the 8-K filing on 2026-08-19. It is not investment advice.