CW News & Events

Curtiss-Wright Corporation announced an $80M, multi-year investment to expand operations at its Cheswick, Pennsylvania facility, part of the company's Naval & Power segment, through a combination of internal capital investments, state support and maritime industrial base funding via the U.S. Department of War budget. Curtiss-Wright's Cheswick campus, which spans 118 acres, designs, manufactures, and tests advanced solutions for critical naval defense and commercial nuclear markets. As part of these investments, the company will construct two new buildings to expand manufacturing and testing capacity, improve operational efficiency, reduce lead times, and support future growth. The expansion, which began in 2025 and is supported by the Commonwealth of Pennsylvania and Governor Josh Shapiro, is expected to create approximately 150 new jobs over the next three years while retaining more than 860 existing positions. "This expansion strengthens our ability to meet growing customer demand in our naval defense and commercial nuclear end markets, and reinforces our commitment to the workforce and the community to ensure that Curtiss-Wright remains a critical supplier to these industries for the next decade and beyond," said Lynn M. Bamford, Chair and CEO of Curtiss-Wright Corporation. "Additionally, we are pleased to see the administration's continued strong funding for naval shipbuilding, including an acceleration in maritime industrial base funding."

Curtiss-Wright announced that it has entered into a new credit agreement with a group of nine banks increasing the size of its revolving credit facility to $1B, while also expanding the accordion feature to $500M. The new replacement credit facility has a five-year term set to mature in May 2031. The prior credit facility which was set to expire in May 2027 has been terminated. "We are pleased to announce the successful execution of our new and expanded revolving credit facility, facilitating greater financial flexibility to deliver on our disciplined capital allocation strategy that consists of pursuing strategic acquisitions as an accelerator to organic growth, optimizing our operational investments, and returning capital to our shareholders," said Lynn M. Bamford, Chair and CEO of Curtiss-Wright Corporation. Curtiss-Wright expects to use the credit facility for general corporate purposes, which may include the funding of possible future acquisitions or supporting internal growth initiatives.