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Slide #35. Curtiss-Wright Corporation — Component Coating and Repair Services Limited
Curtiss-Wright Corporation (NYSE:CW)
Component Coating and Repair Services Limited
Curtiss-Wright Corporation announced that it has completed the acquisition of 100% of the shares of Component Coating and Repair Services Limited ("CCRS") for approximately 15 million (approximately $25 million) in cash, net of cash acquired. CCRS is a leading UK provider of ultra-smooth and corrosion resistant coatings and precision airfoil repair services for aerospace and industrial turbine applications. The acquired business will operate within Curtiss-Wright's Commercial/Industrial segment.
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)