CW - Curtiss-Wright: Combining Defense Strength Nuclear Potential And Wise Capital Allocation
2024-05-31 10:47:51 ET
Summary
- Curtiss-Wright is a renowned company in the aerospace industry with a rich history dating back to 1929.
- The company serves four segments: Aerospace, Ground & Naval Defense; Commercial Aerospace; Power & Process; and General Industrial.
- CW has strong growth, especially in the defense sector and the nuclear industry, where it is ideally positioned.
- With a unique capital allocation strategy and a defensive position supported by strong FCF generation, we identify CW as a high quality business model.
- We initiate coverage of CW with a buy rating and a target price of $339, representing a 21.20% upside.
At Growth Arcane, we love sharing stories. Investing isn't just about numbers; it's about the narratives behind the companies in which we invest. In our view, it's especially satisfying to own companies that have shaped today's world and have the capacity to shape tomorrow's. We think Curtiss-Wright ( CW ) is such a company. Though you might not know it today, CW has a rich history. The company has undergone significant changes, and holds in our opinion great potential for the future. In this article, we'll take you through CW's past, present, and future, and show you why we believe this company deserves more attention.
Company Presentation
CW is one of the most renowned companies in the aerospace industry. Created in 1929 by the merger of two companies, founded by 3 aviation's legends namely: Glenn Curtiss, the father of Naval aviation and the Wright Brothers who invented and had the first successful fly with a motored airplane. The company played a major role related to the production of armaments during the World War 2. It is mainly famous for the creation and manufacturing of the famous P-40 War Hawk.
To give you an idea of its critical role, during the WW2, CW produced more than 140 000 aircraft engines; 145 000 electric propellers and close to 30 000 airplanes....
Curtiss-Wright: Combining Defense Strength, Nuclear Potential And Wise Capital Allocation