Curtis Wright (CW) went public in 1929 when founder Glenn Curtis, a pioneer aviator, merged his business with the Wright Brothers. The company remains focused on aviation, however provides industrial products to power and energy industries too.
Two catalysts support future growth at Curtis Wright:
1. Acquisitions add product depth and market reach.
2. Commercial aerospace plan production growth over the next decade.
The company is consolidating small competitors.
Over the past year, Curtis Wright has gone on a spending spree.
The company has acquired 7 complementary companies, bolstering its industrial products. The deals not only provide breadth, but allow Curtis Wright cost cutting and cross-selling opportunities and lessen the company's reliance on defense, which accounted for 38%...