Curtiss-Wright Announces Contracts Exceeding $225 Million for U.S. Navy Programs
Key Facts
Curtiss-Wright announced on November 4, 2026, that it had won contracts worth more than $225 million from Bechtel Plant Machinery to provide equipment for the U.S. Navy’s Virginia- and Columbia-class submarine programs and Ford-class aircraft carriers. The equipment includes propulsion valves, pumps, gauges and control systems, according to the company. The awards link a naval equipment supplier with U.S. shipbuilding and submarine programs, spanning multiple platforms in the Navy fleet. The company said engineering, manufacturing and testing work is already underway. That work is scheduled to continue through 2030, according to the timeline announced by Curtiss-Wright.
Chief Executive Officer Lynn Bamford described the company’s products as essential to the Navy’s mission and linked the contracts to continued shipbuilding spending and accelerated production of platforms she described as the most important. She said Curtiss-Wright “remains well positioned to benefit from the administration’s continued strong funding for naval shipbuilding, supporting accelerated production of the most important platforms.” The statement places the contracts in the broader context of government funding the company expects to continue, but does not specify the funding amount or the awards’ individual effect on revenue. Execution includes engineering, manufacturing and testing phases, according to the company. It said those phases will continue through 2030.
The new contracts come amid an earlier relationship between Curtiss-Wright, Bechtel Plant Machinery and Navy programs. On May 15, 2024, the company announced awards exceeding $130 million to provide propulsion valves, pumps, measurement and control systems for the Virginia- and Columbia-class submarine programs and Ford-class carriers. At the time, it said the contracts supported shipbuilding, spare-parts procurement and submarine modernization. Those awards differ from the November 4, 2026, announcement, but show that the two parties had previously worked on programs involving some of the same platform categories. Curtiss-Wright also said it has been a supplier to the U.S. naval nuclear propulsion program for more than 60 years. It said it has supported every nuclear-powered submarine and aircraft carrier to enter service with the U.S. Navy.
Curtiss-Wright’s Naval & Power segment generated sales of $1,503.0 million in 2025, compared with $1,278.4 million in 2024, an annual increase of 18%, according to the company’s annual report. The figure provides context for the size of the segment tied to its Navy program activity, but represents segment sales for a full year and does not identify the contribution of the contracts announced in November. The company’s shares, traded under the ticker CW, closed at $497.76 in the November 3, 2026, session, according to EL7 data. That closing price was from the session before the contract announcement. The market data provided did not include the stock’s movement during the announcement session, so the previous close does not establish investors’ response to the news.
Curtiss-Wright is scheduled to report third-quarter 2026 results after the close of trading on November 4, according to its earlier announcement. The company scheduled a webcast to discuss the results for November 5 at 10:00 a.m. Eastern Time. It said Lynn Bamford, Kevin Rayment and Christopher Farkas will host the webcast; they are the chief executive officer, chief operating officer and chief financial officer, respectively. The results are due on the same day the company announced the Navy contracts, while the webcast will take place the following day. The financial release is expected to provide a broader picture of the company’s third-quarter performance, according to the schedule set by Curtiss-Wright.