Curtiss-Wright Announces $300 Mln Stock Repurchase Authorization - Quick Facts

(RTTNews) - Curtiss-Wright Corp. (CW) announced its Board has approved a $300 million authorization to repurchase the company's outstanding common stock beginning in January 2015. The new authorization follows the company's previously authorized share repurchase program, whereby management expects to utilize the remaining $66 million balance of its prior $100 million authorization in 2014.

"Curtiss-Wright remains committed to a balanced capital allocation strategy that focuses on significant distributions to our shareholders. The steady paring of non-core operations continues to support expectations for a solid cash position in 2015, and both the management team and the Board believe it is appropriate to reward our shareholders," said David Adams, President and CEO of Curtiss-Wright.