Investor Presentation 2023
vs 2022
(Current)
2023 END MARKET SALES GROWTH GUIDANCE (As of November 1, 2023)
2023E Growth 2023E Growth
vs 2022
(Prior)
Key Drivers
Updated (in blue)
2023E
% Sales
Aerospace Defense
9% -11%
11% -13%
19%
◉
■ Strong contribution from prior year arresting systems acquisition (completed mid-2022)
Solid growth in defense electronics revenues on various C5/ISR programs
Ground Defense
16%-18%
23%-25%
10%
☐
Strong growth in tactical communications equipment revenues
☐
Naval Defense
6% -8%
5%-7%
27%
■ Higher revenue growth on Columbia-class and Virginia-class submarines; Partially offset by
timing of aircraft carrier revenues
Commercial Aerospace
9% -11%
14% -16%
11%
Strong OEM growth driven by ramp-up in production (narrowbody and widebody)
Total Aerospace &
Defense
9% -11%
10% -12%
67%
Strong demand and growing backlog fuels outlook in A&D markets
Power & Process
3% -5%
4% -6%
18%
HSD growth in Commercial Nuclear (Aftermarket and advanced SMRs) excluding lower
CAP1000 program revenues (~$20M wind down)
LDD growth in Process (MRO valves and subsea pump development for oil & gas market)
■ Solid growth in industrial vehicles, automation products and surface treatment services
Continued solid demand, up 6% - 8% excl. CAP1000
General Industrial
3%-5%
3%-5%
15%
Total Commercial
3%-5%
3%-5%
33%
Total Curtiss-Wright
7% -9%
8% -10%
100%
Organic sales of 7% -9%
CURTISS-
WRIGHT
Note: 2022 results included partial year sales contribution from engineered arresting systems acquisition.
Q3 2023 Earnings Presentation 27View entire presentation