Curtiss-Wright
36 named things its latest annual report says its results depend on, each in the company's own words. 30 of them are also named by other companies we've read.
Customers
U.S. Government
earns from · Approximately 47% of our total net sales for 2025named as a riskApproximately 47% of our total net sales for 2025, 48% for 2024, and 46% for 2023 were derived from contracts with agencies of, and prime contractors to, the U.S. Government.Business (Item 1)
Also named by ADI, AIR, APH, ASTS, ATI, AVAV, AWK, BA and 46 more
U.S. Government and foreign government end use
earns from · 58%Our sales to the U.S. Government and foreign government end use represented 58%, 57%, and 56% of total net sales during 2025, 2024, and 2023, respectively.Business (Item 1)
Boeing
earns fromnamed as a riskOur sales to large commercial aircraft manufacturers, such as Boeing, Airbus, and related OEM suppliers, as well as manufacturers of business jets, are cyclical in nature, and can be adversely affected by a number of factors, including current and future passenger traffic levels, increasing fuel and labor costs, environmental concerns (inclusive of climate change), intense price competition, high interest rates, the retirement of older aircraft, regulatory changes, outbreak of infectious disease such as COVID-19, terrorist attacks, labor strikes such as the International Association of Machinists and Aerospace workers union work stoppages at Boeing, geopolitical events, conflicts and wars (including the Russia-Ukraine war), general economic conditions (including cost inflation), worldwide airline profits, and backlog levels, all of which can be unpredictable and are outside of our control.Risk factors (Item 1A)
Airbus
earns fromnamed as a riskOur sales to large commercial aircraft manufacturers, such as Boeing, Airbus, and related OEM suppliers, as well as manufacturers of business jets, are cyclical in nature, and can be adversely affected by a number of factors, including current and future passenger traffic levels, increasing fuel and labor costs, environmental concerns (inclusive of climate change), intense price competition, high interest rates, the retirement of older aircraft, regulatory changes, outbreak of infectious disease such as COVID-19, terrorist attacks, labor strikes such as the International Association of Machinists and Aerospace workers union work stoppages at Boeing, geopolitical events, conflicts and wars (including the Russia-Ukraine war), general economic conditions (including cost inflation), worldwide airline profits, and backlog levels, all of which can be unpredictable and are outside of our control.Risk factors (Item 1A)
U.S. Navy
earns fromFor the naval defense market, we provide naval propulsion and auxiliary equipment, including main coolant pumps, power-dense compact motors, generators, steam turbines, valves, and secondary propulsion systems, primarily to the U.S. Navy, most notably supporting the Virginia-class and Columbia-class submarine programs, as well as the Ford-class aircraft carrier program.Business (Item 1)
NATO
earns fromThese businesses are influenced by government funding and spending, driven primarily by the U.S. Government, and supplemented by foreign defense spending (e.g. NATO and allied countries).Business (Item 1)
Also named by OSK
Suppliers
Sole-source component suppliers
depends onnamed as a riskIf a sole-source supplier is delayed or should cease or otherwise be unable to deliver such components, we may not be able to produce the related product in a timely manner or in sufficient quantities, if at all, which could adversely affect our operating results.Risk factors (Item 1A)
Places
Customers outside the United States
earns from · approximately 27% of our total net salesnamed as a riskDuring 2025, approximately 27% of our total net sales were to customers outside of the United States.Risk factors (Item 1A)
Mexico
operates innamed as a riskA significant portion of our business activities are conducted in foreign countries, including Mexico and Canada.Risk factors (Item 1A)
Also named by AAP, AME, AMRC, ANET, AOS, ARES, AYI, AZO and 83 more
Hazards
China-Taiwan conflict
named as a riskOur supply chain has been and may continue to be impacted by a wide variety of factors, including supplier capacity constraints, sanctions and trade restrictions and other governmental regulatory actions or inactions, labor and material shortages as well as tariffs and other geopolitical events, such as the Russia-Ukraine war and China’s relationship with the United States and Taiwan.Risk factors (Item 1A)
Commodities and inputs
British Pound
exposed to its price · approximately $13 millionnamed as a riskAlthough the majority of our business is transacted in U.S. dollars, we do have market risk exposure to changes in foreign currency exchange rates, primarily as it relates to the value of the U.S. dollar versus the British Pound, Canadian dollar, and Euro.Market risk (Item 7A)
Also named by ABBV, ADBE, AJG, AME, AMP, APA, BF/B, BRO and 39 more
Canadian dollar
exposed to its pricenamed as a riskAlthough the majority of our business is transacted in U.S. dollars, we do have market risk exposure to changes in foreign currency exchange rates, primarily as it relates to the value of the U.S. dollar versus the British Pound, Canadian dollar, and Euro.Market risk (Item 7A)
Also named by ABBV, ADBE, AMG, AYI, BBY, BWXT, CBRE, CDRE and 67 more
Euro
exposed to its pricenamed as a riskAlthough the majority of our business is transacted in U.S. dollars, we do have market risk exposure to changes in foreign currency exchange rates, primarily as it relates to the value of the U.S. dollar versus the British Pound, Canadian dollar, and Euro.Market risk (Item 7A)
Also named by ABBV, ABNB, ABT, ADBE, ADI, AME, AMG, AMGN and 186 more
Regulators
Office of Foreign Assets Control (OFAC)
subject tonamed as a riskFrom time to time, we may file voluntary disclosure reports with the U.S. Department of State, the Department of Energy, the Department of Commerce, and the Department of Treasury regarding certain violations of U.S. export control laws and regulations and OFAC sanctions discovered by us in the course of our business activities, employee training, or internal reviews and audits.Risk factors (Item 1A)
Also named by ABNB, ADP, AIG, APP, BMI, BMNR, BPOP, CAT and 46 more
Federal Aviation Administration (FAA)
subject tonamed as a riskIf any of the material authorizations or approvals qualifying us to supply our products is revoked or suspended, then the sale of such product would be prohibited by law, which would have an adverse effect on our business, financial condition, and results of operations.Risk factors (Item 1A)
Also named by ACHR, AIR, ALK, AMT, AVAV, BA, BRK/B, CCI and 27 more
Nuclear Regulatory Commission
subject tonamed as a riskOur Naval & Power segment manufactures components for, and provide services to, customers in the nuclear power market, including utilities and certain governmental entities, and subjects us to various safety related requirements imposed by the U.S. Government, the Department of Energy, the Nuclear Regulatory Commission, and other agencies in foreign jurisdictions.Risk factors (Item 1A)
Also named by AEE, AEP, BRK/B, BWXT, CAH, CDRE, CEG, D and 20 more
U.S. Department of Energy
subject tonamed as a riskOur Naval & Power segment manufactures components for, and provide services to, customers in the nuclear power market, including utilities and certain governmental entities, and subjects us to various safety related requirements imposed by the U.S. Government, the Department of Energy, the Nuclear Regulatory Commission, and other agencies in foreign jurisdictions.Risk factors (Item 1A)
Also named by AAON, AMRC, AOS, BWXT, CDE, CDRE, CEG, CLF and 16 more
European Aviation Safety Agency
subject tonamed as a riskGovernmental agencies throughout the world, including the U.S. Federal Aviation Administration ("FAA") and the European Aviation Safety Agency, prescribe standards and qualification requirements for aircraft components, including virtually all commercial airline and general aviation products.Risk factors (Item 1A)
Laws and programs
U.S. defense spending
earns from · approximately 47% of our total net salesnamed as a riskIn 2025, approximately 47% of our total net sales were derived from or related to U.S. defense programs.Risk factors (Item 1A)
Also named by HWM
International Traffic in Arms Regulations (ITAR)
subject tonamed as a riskWe have contracts and operations in many parts of the world subject to United States and foreign laws and regulations, including the False Claims Act, regulations relating to import-export control (including the International Traffic in Arms Regulation promulgated under the Arms Export Control Act), sanctions programs implemented by the Office of Foreign Assets Control of the U.S. Department of Treasury ("OFAC"), technology transfer restrictions, repatriation of earnings, exchange controls, the Foreign Corrupt Practices Act, the U.K. Anti-Bribery Act, and the anti-boycott provisions of the U.S. Export Administration Act.Risk factors (Item 1A)
Also named by ACHR, ADI, AIR, ALSN, APH, AVAV, CDRE, CLS and 29 more
United States-Mexico-Canada Agreement (USMCA)
subject tonamed as a riskThe effects of such negotiations and any changes to the USMCA may negatively impact our operations in Mexico and Canada, and may significantly and materially increase our costs by increasing the cost of shipping products from our facilities in Mexico and in Canada.Risk factors (Item 1A)
Also named by AYI, BMI, BWA, CLF, CMI, CP, DCH, DE and 29 more
Price-Anderson Act
subject tonamed as a riskIf an incident or evacuation is not covered under the Price-Anderson Act’s indemnification provisions, we could be held liable for damages, regardless of fault.Risk factors (Item 1A)
Also named by BWXT, CDRE, CEG, DUK, ETR, FLR, J, LEU and 5 more
Russia sanctions
subject tonamed as a riskWe are subject to these governmental sanctions and export controls, which may subject us to liability if we are not in full compliance with applicable laws.Risk factors (Item 1A)
Also named by ACN, AIR, BAM, BF/B, DASH, DIS, GIS, KLAC and 5 more
Nuclear Installations Act of the United Kingdom
subject tonamed as a riskFor those jurisdictions, varying levels of nuclear liability protection is provided by international treaties, and/or domestic laws, such as the Nuclear Liability and Compensation Act of Canada and the Nuclear Installations Act of the United Kingdom, insurance and/or assets of the nuclear installation operators (some of which are backed by governments) as well as under appropriate enforceable contractual indemnifications and hold-harmless provisions.Risk factors (Item 1A)
Also named by J
U.S. federal debt ceiling
subject tonamed as a riskFailure by Congress to further suspend or increase the debt ceiling could delay or result in the loss of contracts for the procurement of our products and services, and we may be asked or required to continue to perform for some period of time on certain of our U.S. government contracts, even if the U.S. government is unable to make timely payments.Risk factors (Item 1A)
Nuclear Liability and Compensation Act of Canada
subject tonamed as a riskFor those jurisdictions, varying levels of nuclear liability protection is provided by international treaties, and/or domestic laws, such as the Nuclear Liability and Compensation Act of Canada and the Nuclear Installations Act of the United Kingdom, insurance and/or assets of the nuclear installation operators (some of which are backed by governments) as well as under appropriate enforceable contractual indemnifications and hold-harmless provisions.Risk factors (Item 1A)
U.S., Canada and China tariffs
subject tonamed as a riskSome of our products are included in these tariffs.Risk factors (Item 1A)
One Big Beautiful Bill Act (OBBBA)
subject toFor Curtiss-Wright, the most significant impact relates to the immediate expensing of research and development expenditures in 2025, reducing total estimated 2025 tax payments.Risk factors (Item 1A)
Also named by AA, ABR, ADI, ADM, ALB, AMAT, AMGN, AMKR and 121 more
OECD Pillar Two
subject toBased on the Corporation’s assessments, it does not expect Pillar Two to have a material impact on its effective tax rate nor on its consolidated results of operation, financial position, and cash flows.Risk factors (Item 1A)
Also named by APO, BAM, BAX, BF/B, CHRW, COHR, CPNG, CRM and 45 more
Virginia-class submarine program
earns fromFor the naval defense market, we provide naval propulsion and auxiliary equipment, including main coolant pumps, power-dense compact motors, generators, steam turbines, valves, and secondary propulsion systems, primarily to the U.S. Navy, most notably supporting the Virginia-class and Columbia-class submarine programs, as well as the Ford-class aircraft carrier program.Business (Item 1)
Columbia-class submarine program
earns fromFor the naval defense market, we provide naval propulsion and auxiliary equipment, including main coolant pumps, power-dense compact motors, generators, steam turbines, valves, and secondary propulsion systems, primarily to the U.S. Navy, most notably supporting the Virginia-class and Columbia-class submarine programs, as well as the Ford-class aircraft carrier program.Business (Item 1)
Ford-class aircraft carrier program
earns fromFor the naval defense market, we provide naval propulsion and auxiliary equipment, including main coolant pumps, power-dense compact motors, generators, steam turbines, valves, and secondary propulsion systems, primarily to the U.S. Navy, most notably supporting the Virginia-class and Columbia-class submarine programs, as well as the Ford-class aircraft carrier program.Business (Item 1)
Technology
Small modular reactors
earns fromnamed as a riskAny significant disruption in the commercial nuclear power industry, including delays in the development of small modular reactors, could adversely affect our results of operations or future outlook.Risk factors (Item 1A)
Also named by GEV
Westinghouse AP1000
earns fromIn the new build market, we provide Reactor Coolant Pumps ("RCP"s) and control rod drive mechanisms for commercial nuclear power plants, most notably to support the Generation III+ Westinghouse AP1000 reactor design.Business (Item 1)