Description

Curtiss-Wright’s $4.3 Billion Backlog — Can Defense & Nuclear Momentum Keep Building?

Curtiss-Wright Corporation reported a strong start to fiscal year 2026 with first quarter results surpassing expectations across all three of its business segments—Aerospace & Industrial (A&I), Defense Electronics (DE), and Naval and Power. Consolidated revenues reached $914 million, up 13% year-over-year, driven by growth in aerospace defense, commercial nuclear, and industrial markets. Operating income outpaced sales growth, expanding margins by 100 basis points to a 17.6% operating margin. Diluted earnings per share grew 23%, primarily fueled by the aerospace and defense segment’s performance. New orders increased 15%, resulting in a book-to-bill ratio of 1.3x and an all-time backlog nearing $4.3 billion, providing substantial visibility into future revenue streams. Segment-specific details reveal a 12% sales growth in A&I fueled by defense market expansions and commercial aerospace production ramps, alongside improved general industrial vehicle orders.