Curtiss-Wright Buys Ultra Energy, Widens Defense & Nuclear Business

Group 1: Acquisition Details - Curtiss-Wright Corporation (CW) announced the acquisition of Ultra Energy for $200 million in cash, which provides safety-critical measurement and control systems to the commercial nuclear, aerospace, and defense industries [1][2] - The acquisition is expected to strengthen CW's footprint in the aerospace and defense industry by enhancing its reactor protection systems, neutron monitoring systems, and other critical technologies [2][3] - This acquisition broadens CW's worldwide commercial nuclear portfolio, supporting plant life extensions and modernization projects, and increases its presence with top small modular reactor designers in the U.S. and Europe [3] Group 2: Industry Trends - The military industry has seen a notable increase in mergers and acquisitions, driven by cost-cutting initiatives and the need to diversify portfolios to combat competition [4] - Other defense companies, such as Lockheed Martin and TransDigm, have also engaged in significant acquisitions to expand their operations and enhance product offerings [6][7] Group 3: Financial Performance - In the past six months, Curtiss-Wright's shares have risen by 29.1%, outperforming the industry's growth of 17.2% [11]