Curtiss-Wright Increases Share Repurchase Authorization to $700M and Enters $100M 10b5-1 Buyback Plan

Executive Summary

On September 14, 2026, Curtiss-Wright Corporation (NYSE: CW) filed a Form 8-K disclosing significant capital allocation decisions authorized by its Board of Directors on September 10, 2026.

Key Disclosures

1. Share Repurchase Expansion:

   • The Board authorized an additional $510 million for share repurchases.
   • Combined with $190 million of existing capacity, total available authorization increased to $700 million.
   • The repurchase program has no set expiration date and permits multiple transaction methods, including open-market repurchases and structured plans.

2. Rule 10b5-1 Trading Plan Execution:

   • Curtiss-Wright entered into a Rule 10b5-1 trading plan to repurchase $100 million of common stock ratably through October 30, 2026.
   • Upon execution of this 10b5-1 plan, the company will have approximately $600 million in remaining repurchase authorization entering 2027.

3. 2026 Capital Return Totals:

   • Factoring in prior buybacks and the new plan, Curtiss-Wright expects total 2026 share repurchases to reach $460 million, nearly matching the record $466 million completed in 2025.
   • Since 2021, the company has returned more than $1.5 billion through buybacks.

4. Quarterly Dividend:

   • Declared a quarterly cash dividend of $0.26 per share, payable on October 9, 2026, to stockholders of record as of September 25, 2026.

Strategic & Financial Context

The authorization expansion signals management's confidence in Curtiss-Wright's Pivot to Growth strategy, organic cash flow generation, and balance sheet strength while providing support to offset dilution from employee equity plans and deliver direct capital returns to shareholders.