Curtiss-Wright makes highly engineered, mission-critical hardware and electronics primarily for defense platforms and commercial nuclear power plants. The company operates deep in the supply chain — typically as a Tier 2 or Tier 3 supplier — embedded in long-running programs where its products are difficult to replace. Curtiss-Wright operates through three segments: Defense Electronics, which supplies ruggedized embedded computing, tactical communications, and stabilization systems for aerospace and ground defense applications; Naval & Power, which supplies nuclear propulsion equipment to U.S. Navy submarine and aircraft carrier programs and aftermarket services to commercial nuclear plants; and Aerospace & Industrial, which supplies sensors, surface treatment services, actuation components, and industrial vehicle electronics. Curtiss-Wright primarily sells hardware under firm-fixed-price contracts, with revenue recurring over multi-decade program life cycles that include initial production and long-tail aftermarket services. Key growth vectors include U.S. Navy shipbuilding programs, new-build AP1000 nuclear reactors (where Curtiss-Wright is Westinghouse's established supplier of reactor coolant pumps), emerging small modular reactor partnerships, and growing international defense sales driven by NATO rearmament. Management targets a roughly 5x increase in commercial nuclear revenues by the mid-2030s. On capital allocation, Curtiss-Wright prioritizes acquisitions — focused on defense electronics bolt-ons and commercial nuclear technology companies — followed by share repurchases, dividends, and CapEx to expand nuclear and naval production capacity.