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Stock Market & Financial Investment News

News Breaks
February 19, 2013
08:16 EDTCWCurtiss-Wright renames Metal Treatment segment to CWST
Curtiss-Wright is renaming its Metal Treatment segment to Curtiss-Wright Surface Technologies, or CWST.
News For CW From The Last 14 Days
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January 22, 2015
15:32 EDTCWNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Starbucks (SBUX), consensus 80c; Capital One (COF), consensus $1.74; Intuitive Surgical (ISRG), consensus $4.38; KLA-Tencor (KLAC), consensus 52c; Altera (ALTR), consensus 35c; E-Trade (ETFC), consensus 23c... ResMed (RMD), consensus 62c; Maxim Integrated Products (MXIM), consensus 30c; Maxim Integrated Products (MSCC), consensus 65c; Hexcel (HXL), consensus 54c; Polycom (PLCM), consensus 23c; Skyworks (SWKS), consensus $1.19; Curtiss-Wright (CW), consensus $1.00.
January 13, 2015
14:23 EDTCWTextron specialized vehicles acquires Douglas Equipment
The Textron Specialized Vehicles group of Textron (TXT), through Textron Ground Support Equipment UK Limited, has acquired the Douglas Equipment business from Curtiss-Wright Flow Control Limited, a subsidiary of Curtiss-Wright Corporation (CW). Douglas Equipment is a manufacturer of ground support equipment in the aviation industry, based in Cheltenham, England, UK. Going forward, Douglas Equipment will operate as part of Textron Specialized Vehicles’ companies’ GSE business, which also includes TUG Technologies Corp., a leading manufacturer of ground support equipment based in Kennesaw, Ga. Douglas Equipment is a strong fit for the Textron Specialized Vehicles group, as Douglas’ specialization in towbarless and conventional aircraft tractors and runway friction measurement systems complements TUG Technologies’ leadership in baggage and tow tractors, pushbacks, belt loaders, ground power units, air-starts, and mobile HVAC units. Douglas will continue to operate from its UK facilities in Cheltenham and Poyle, United Kingdom with its workforce of more than 90 employees intact. The Douglas brand will join the Textron Specialized Vehicles companies’ stable of brands alongside TUG, E-Z-GO, Cushman, and Bad Boy Buggies.
14:02 EDTCWCurtiss-Wright sells assets of Douglas Equipment unit to Textron
Curtiss-Wright (CW) announced that it has sold the assets of its Douglas Equipment business, which is a supplier of commercial aviation ground support vehicles, to a subsidiary of Textron (TXT). "This transaction aligns with our stated objective to divest non-core operations as part of our previously outlined operating margin improvement initiatives. Furthermore, it enables us to focus on our core commercial aerospace businesses, while also providing a better strategic fit for Douglas' product portfolio. Overall, this supports our long-term goals of significant free cash flow generation and operating margin expansion," said David Adams, Chairman and CEO of Curtiss-Wright.

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