Curtiss-Wright Corporation announced that Chief Operating Officer Kevin M. Rayment will succeed Lynn M. Bamford as Chief Executive Officer and President, with Bamford moving to Executive Chair, effective January 1, 2027. The planned transition follows Bamford's six years as CEO, during which she reshaped the company and returned about US$1.70 billions to shareholders. Rayment, a long-serving insider with deep Aerospace & Defense and Commercial experience, takes the helm as Curtiss-Wright carries a US$4.3b backlog and a recently expanded share repurchase authorization of US$2,166m. The company's narrative projects $4.6 billion in revenue and $732.7 million in earnings by 2029, requiring 8.2% yearly revenue growth and about a $191.5 million earnings increase from $541.2 million today. Some of the lowest ranked analysts assume earnings of about US$719m by 2029 and a 43.3x PE on those profits, keeping concerns about rich valuation and order conversion in focus.
Curtiss-Wright CorporationCEO succession plan names Kevin Rayment to succeed Lynn Bamford in 2027; no clear positive or negative driver for the stock.
