Curtiss-Wright Corporation Buyback
OLI recorded this information on 12/7/2016
Curtiss-Wright Corporation (NYSE:CW) today announced that its Board of Directors has authorized an additional $100 million for future share repurchases, raising total authorized and available capital for share repurchases to $200 million. The Company expects that it will repurchase at least $50 million in shares in 2017 via a 10b5-1 program beginning in January 2017, which is expected to offset potential dilution from compensation plans estimated to be approximately 500,000 shares.
Curtiss-Wright is a manufacturing and service company that designs, manufactures, and overhauls components and provides engineered products and services. Co.'s segments are: Commercial/Industrial, which provides engineered products and services including electronic throttle control devices and transmission shifters; Defense, which provides commercial off-the-shelf embedded computing board-level modules, integrated subsystems, turret aiming and stabilization products, flight test equipment, and aircraft data management solutions; and Power, which provides pumps, control rod drive mechanisms, fastening systems, spent fuel management products, and fluid sealing products.
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Strong Buy (3.50 out of 4)