Curtiss-Wright (CW) 2 May 242024 Q1 Earnings call transcript

Welcome, everyone, to the Curtiss-Wright First Quarter 2024 Earnings Conference Call. [Operator Instructions]

Now at this time, I will turn the call over to Jim Ryan, Vice President of Investor Relations. Mr. Ryan, please go ahead.

good and Bob, you, morning, everyone. Thank Curtiss-Wright's to First Quarter Call. Conference Earnings XXXX Welcome

the Chair Financial today Officer, me call Joining on are and President Farkas. Lynn Vice and and Chris Chief Officer, Bamford; Executive Chief

the of call be our as copy for company curtisswright.com. well website. download website is release is Investor found the replay financial a webcast the at of and Our press this today Relations can as through presentation on today's webcast also available being section A of

discussion Litigation today's projections statements statements with statements forward-looking of uncertainties note, future current certain Please will in public We the our of and SEC. in guarantees management's These performance. that and include associated defined expectations detail as with the XXXX. not risks filings and are on our are Reform forward-looking based Private are Securities Act those

company's on performance. adjusted costs into a include financial may and in foreign As to on available noted. current website. currency otherwise and to view unless reconciliations certain Curtiss-Wright's provide divestitures non-GAAP release to GAAP order prior results the greater transparency adjusted exclude earnings organic and the growth year periods and Any that an in translation, operating excludes are reminder, an references are acquisitions basis ongoing our non-GAAP for

call Now to I'd started. Lynn to turn over like the to get things

financials. our few the to about review by highlights turn our of the to comments Chris I'll XXXX our Then covering Thank performance more Jim, provide begin morning, quarter and good in-depth over you, a everyone. and financial of call first a I'll updated outlook.

backlog. its we Electronics Sales quarter to benefit some our we great recent growing on off expectations. increased XXXX strong closing from delivered to in as Defense Q&A. Starting conversion focus with year-over-year, the better-than-expected wrap I'll remarks $XXX our nuclear million commercial on first overall Finally, results that healthy acquisition we with highlights, start a are which our a XX% and move segment, before continues driven exceeded by of and performance strong to up

all Aerospace XX% than XX% strong sales and sales increased basis in points expansion. color expectations, by with growth Defense, share Commercial per by drivers resulted to will year-over-year, earnings led the our Aerospace. Operating increased of of was improvement in along in Chris Diluted cash Defense markets, $X.XX key sales. strong these outflow, highlighted exceeding growth overall year-over-year and income growth, a remarks. additional and XX%. performance while our of year-over-year both primarily Ground operating quarter growth in Aerospace in XXX Adjusted higher our the Our XX% prepared typically a more exceeded of and on of metrics flow, first later free reflected some provide due our margin

and Electronics, embedded of Army orders computing customers. than to million, A&D communications Defense beyond demand served expand communications our product tactical continues note, historically and its to including the book-to-bill equipment. also breadth for globally demonstrated in our our Of the U.S. Corps XX% year-over-year $XXX New in of Marine first overall portfolio we and more markets, X.XXx. Within an up tremendous quarter, growth resulted strong experienced tactical

awarded discussing to quarter, Day. look we our upcoming in which greater with the at Force, this Investor their exciting was development, Air During the first U.S. business forward first detail an win

commercial XXXX in Power to we segment. reached We for In naval challenges. thoughts excess This in single exceeded with which estimate up $X in contract based Naval some our our headwind on encountered on a our million an we and expectations, us We also included face experienced and in $XX markets, quarter, a overall our the did change our some within approximately operational the my technical challenges visibility guidance. Wrapping to proper updated towards our submarine contract. backlog and financial achieving key while are though and closely milestone commercial the with great resources billion, strong demand have of performance record on provides confidence dedicating path at customer, supporting nuclear the programs. experience order We now increasing resolution Overall, next-generation products. Naval continue Defense a growth working the current we success. a in a

to Finally, impact for XXXX encouraged overall share. per and now of guidance. regarding expect the the we by the adjustment, have guidance Despite strong and naval our earnings income operating sales, the contract were year to start our We discuss all later I'll confidence X%, WSC, our the of driven which includes remarks. end to major greater Inc. overall This from nuclear sales to by our contribution our detail in in outlook acquisition markets. of increase in commercial X% increases newest increase

operating research and remains XX% continued internally diluted generate which our momentum, range funded summary, solid in track in on well while incremental deliver externally now making performance exceptional growth continues expect margin both to development. flow. expect grow In strategy XXXX, in and EPS, expansion business deliver in from We remain free we X% to to XXXX. cash We to Curtiss-Wright to build and also positioned strong another the and to investments

call to over with to our would continue to prepared turn the Chris I Now like remarks.

growth X, drivers line Aerospace our of XXXX expectations. X% Thank begin our quarter I'll review by performance you, was the Industrial, Lynn. in overall our first in where key and On of segment. with sales I'll Slide

across more on-highway benefited the jets. sales XX%, by experienced markets. excess revenues improved on market management supporting to fighter of for we power of the sales than reduced Commercial in the demand continued strong market, general products wide-body market, Aerospace and program offset supporting construction and our new market, sales U.S. from industrial off-highway segments was segment's actuation In production electronics both higher OEM ramp-up we Defense development platforms. growth narrow-body Within in the Aerospace In the

favorable on And absorption the higher segment's unfavorable by and mix on profitability, turning sales lower-margin was to offset development programs. timing

driven communications performance we expectations, Electronics growth record for better-than-expected strong The ground our benefit embedded principally a continue across both tactical helicopter, growth Hawk few. included Sales for we number Defense, our programs, demand and Next, strong foreign name segment. of in was our high direct programs, equipment, XX% CXISR by of Defense military to sales products. within in Seahawk experienced for Aerospace from market, growth which customers. Within the a exceeded global computing F-XX increases domestic and including growth where UAV defense Global the we our experienced as sales sales to in

and Regarding mix the segment's in a up XX.X% operating communications operating margin, higher-margin points favorable strong XXX reflecting a CXISR revenues performance, and on we equipment. year-over-year, delivered higher shift basis programs tactical towards absorption

sales essentially for systems. our in results our arresting Aerospace and global was Naval to Power Starting Defense the continued strong segment. aircraft demand in market, of Turning segment's growth Overall expectations. with our X% line reflected

Defense revenues as program the center Naval higher higher reflected our U.S. the Columbia-class market, results the service Within submarine naval aftermarket. fleet supporting supporting as revenues well

the offset partially CVN-XX carrier timing on and of production were aircraft results revenues class submarine Virginia the our However, programs. by

higher In the supporting commercial North driven Power mainly reactors nuclear in America. operating and existing Process by market growth market, the performance our was across

the naval to results earlier adjustment, turning her segment's our by contract Despite as were revenue impacted Lynn remarks. And favorable performance. operating mentioned a absorption negatively solid on growth, in prepared

up portfolio line we resulting sum operating generated basis first performance, continue solid points expansion to top on a stronger-than-expected the to absorption To as we XXX consolidated in in leverage profitable margin Curtiss-Wright's deliver overall, growth. quarter,

sales XXXX the demand year expect Slide in reflecting from begin to to with X% full electronics market and end added We outlook. strengthening our X%, WSC our the on grow sales defense X I'll guidance. turning total contribution to Next, acquisition. now

CXISR Within XX% based computing Aerospace growth programs. expect reflecting Defense. growth in of equipment X% our year order strong various strong now We XX%, now X% of for to Ground continued tactical full growing full and on sales our communications demand embedded equipment. sales Starting a to for on we expect Defense, book year

mainly the CVN-XX and in carrier on ramp-up our In remains for by both aircraft Defense, sales outlook growth Columbia-class driven to and Naval programs. X% the X% submarine production unchanged, is

direct guidance global Looking more defense improvement to high now our foreign our an updated markets, priorities. expectations broadly reflects support the military mid where defense expect by our from to also we technologies single-digit growth, alignment of increased sales, across driven up for

Aerospace. Turning to Commercial

narrow-body Wrapping Defense to maintaining we expect wide-body to production in outlook XX% relates increase our XXXX. Our a to and and growth by program. total up the it view to while X% markets, OEM aircraft, conservative higher MAX now X% for driven XX% rates as sales unchanged, remains Aerospace XXX on sales

and the the X%, high WSC's we've which nuclear to valve in sales mainly now due of both Elsewhere decline of capital reactors. and to to timing improvement, support on In offsetting we the market, WSC. large commercial the and contribution nuclear principally sales small year sales principally XXXX, X% projects. raised process our to expect markets. a Power partially we modular existing of now growth market, Within the rate, in Process market modestly reflecting contribution reflects from outlook commercial expect Moving to full single-digit of the full growth year our our

result, growth rate. we market the year down overall slightly revised full to process low a As single-digit a

to industrial lastly, total continue sales of And increased markets, by and are of X% sales surface general unchanged of X%. driven management in increased our growth vehicles services. commercial our and sales treatment X% up to power industrial X% to the and of growth market, year expectations electronics Wrapping our remain target we full

segment X%, our outlook Aerospace. the expect in where sales Commercial Industrial, to principally year and grow by I'll X% Slide continue by driven on in we to on Aerospace full to X. to Moving strength begin

of of XX X% expect to Regarding XX basis to a the of points segment's expansion X% profitability, and range XX.X%. to XX.X% we margin income to operating continue to operating

book, in by expect book-to-bill continued the Next, to order first grow XX% X% sales driven performance the which X.Xx. in first quarter, the we Defense XX%, Electronics, more reflecting nearly increased than growth a to and of in quarter now strong

XX%, operating segment's increase is top XX% points to operating Regarding to XX the is guide, to grow to margin basis improved to now and on range profitability and XX% from while XX.X%. income the expected XX projected based line

$X basis headwind As R&D XX segment's funded an investments. million a profitability reminder, incremental internally or from includes the also point

we X%, Naval to and our expect sales Naval And lastly, markets. to driven Nuclear Commercial continue X% and to solid Power, by in Defense growth grow in

impact on in profitability, quarter adjustment. reflects naval segment's overall favorable while our the contract anticipate the the first we Regarding sales, guidance updated increase absorption the of

discussed pressures in the is result, outlook call, margin adjusted to XX.X% and our expected now and full earnings margin development is projected February from year as ramp-up X% while a Naval to across XX.X%. Of notable operating our on Power. reflects to to operating with decrease associated programs As also income note, X%, range

anticipate For to segment's your quarterly purposes, second year-over-year. we grow sales quarter this modeling modestly

segment, the pressure sequential operating of upon quarterly addition, the of programs. improvement second quarter expect margin based timing over development the we more In in remainder year, slightly the with in this in

to now a including XX.X%, million margin year-over-year operating So to X% in summarize our $XX expect engineering outlook, income of operating XX.X% to increase overall, total to than to from Curtiss-Wright spending. and X% we grow total range more

and starting our X Slide Continuing with on with EPS our financial outlook guidance.

year full full quarterly our in XXXX quarter per of to range XX%, performance, to expect We Building first expect we $XX.XX, sales sequential we reflecting $XX.XX XX% our first now share profitability EPS up within X% to Defense and year to principally expect approximately generate from half. upon diluted EPS and earnings the XXXX, improved throughout improvement Electronics. solid

And lastly, we a year-over-year turning an In XX% of solid growth on experienced QX, flow. cash to adjusted reflecting basis. free improvement,

ability overcame comparison, cash provides in first a a in our XXXX. collection free ranging $XX to we payment also from million the to of As full year that us and we year, to good flow the CAPXXXX guidance, with quarter million free reminder, rate in confidence deliver the well excess associated cash XXX%. the had the a conversion $XXX million cash of headwind flow and start $XXX included final in of our increased Overall, and the with

turn over call like back to the to Lynn. I'd Now

Established we plant as which the will X. to nearly point Adding control how major XX from you the have allocation that, simulation Thank plant pictured leading disciplined we In our is simulators, major WSC's of our announced on discussed you, years Today, designs. have extremely assisted growth accelerator of and plant growth. starting Chris. ago, simulation state-of-the-art pursued we accelerate to in and Slide organic in acquisition backlog remained lines industry to range all WSC, XXXX. plant power upgrades our in approach technology. product a And see an markets strength room drivers April, new the and strategically in our growth turning engineering, which have supplier acquisitions of capital alignment slide, of line top the to of to the our as is

extensions, partner, operators strong critical plant simulation upgrades, a across assisted enjoys over power conduct XXX needs. including GE business support position influence provides of nuclear of Curtiss-Wright's help solve with plant modular TerraPower, The in as operating and life customers' maintenance reactors the with globe. established leading providing acquisition both an Curtiss-Wright's early WSC's additional used opportunity us Today, to installed and to small commercial existing the and a major products as into base nuclear design engineering visibility strategic generation our advances and of for Hitachi, simulators suite [indiscernible]. the Further, broad other plants positions providing is reactors,

focused that, acquisition strategic our nuclear closely commercial are filters, our the on and Beyond presence. aligns and with financial expanding

it future. Curtiss-Wright. a for long million that key financials, will with WSC legacy, pace projecting criteria and of it cash flow This of aligns strong management relationships, our and is an and and annualized margin in a top the experienced revenue single-digit generated fit team WSC terms foreseeable great with in is are XXXX, business high with line expansion long-term acquisition about exciting grow at free financial customer growth, In $XX objectives generation. we and

positioned Curtiss-Wright to well we're on growth, our profitable In strategy. to demonstrate Growth building and strong closing, momentum is Pivot

in to long-term confident conversion. accelerate sales in X% cash our us incremental XXX% and investments path our This to to reach growth. double-digit generate making are operating again, organic yet while development of to research steadily EPS in X% on this free flow ability We while puts year performance excess achieving strategic deliver expansion, growth growth our to margin and

Curtiss-Wright maintains growth company continued balance for as a and for future very stakeholders. sheet, value drive long-term our allowing we tremendous investment the for position healthy organic

many Day for connecting upcoming in We and across years, weeks Growth webcast growth of a strategy execution the New to City portfolio. recap is our in-person Curtiss-Wright's few away. to York Investor past Looking our forward via ahead, look the successful exciting the or Pivot May XX to only throughout avenues to X share

We'll customers, demonstrating Curtiss-Wright markets the and new and place needs our the of systems right the end growth. targets, growth long-term focus to into well critical on well to profitable enable drive ensure technologies in our and future. introduce today organic we're how infrastructure our positioned investing in continued we people, across also remains for meet how We'll to have financial both

Energy experts As on energy. you nuclear of a We reminder, Westinghouse perspectives commercial hosting join support comprised a hope and leading share of large and Northwest, the Energy industry Institute, the the panel from Nuclear we'll be that us. will clean to for tremendous industry global at advancement their the

conference would to Thank you. like And at this questions. for time, I today's open up call

morning [Operator take from Nathan our of Instructions] We'll Jones Stifel. this question first

mean to what Naval $XX single wanted And and to you one $XX million. by income on Naval said start Just down a $XX off Power operating and penalty. and call this you this million, took the I million I there's attached know Power charge contract. you forecast don't

the path Firstly, the to not recovering that, you're at moment? guidance a do that into baking have just you

margins secondly, and XX% And range? we is should rate over range item run about rather here thinking than underlying really that as for a be this in XX%, XX.X% onetime core just the

And perspective Nathan. question, overall. do business second take the a charge this for of I just our and put in you thank So want to

ramp complex As wide orders on equipment the and that we're not make And I to remarks, naval also in work range and current platforms. and a fail working, current fleet are evolve continue static. must content prepared know, as you not And providing fleet mentioned that next-generation to technologies platforms. the the we is of to we're our across on

on So with a all do platforms. wide said, we work that variety of

in we have not we can't key at ask do the lot of the do And to way oversee -- is, the a we the risk contract. we of see a event. way did technical avoid but And regular you program work a that it recurring things technical being was a as Now we and say those what financially I a specifics that challenge we this that, situation, range the contracts. manage with to as from in company this not stage

time recover prudent trying to that we ball Power across it costs. off eye As guidance. to at segment doesn't of and was sense. charge recovering, the Naval in to some this to our felt we That but work the do taken we've absolutely mean our makes will of take the But the that,

there, I'll And Nathan. up from maybe pick just

I I I contract, closer into margin the charge, about a as catch-up mean, you to margins think Power complete as future, and more the at think into will that onetime year-end. we got think XXXX. contract right that you've And that mindset this something you Naval to be enter us we look the a on will return this -- expect that maybe is when the we for or to normalized tailwind certainly

sense. Makes

market. there on improvement improvement, CAGR, Just chain core that the the Obviously, on on me be supply in growth very between improvement there the Electronics to already you obviously was core going ability the a backlog outlook. just in follow-up to on deliver some Defense demand Can comment for question demand? versus the hitting differences is and the your strong improvement and

for you that. Thank

So the the in always position. it back We this in mean -- it's at business. XXXX. had supply same we're it pleased of growth really a start was but quite XXXX, saying chain in we doesn't beginning And the really honestly, with stabilized stable were as the

for place, past supply are put things that So with performing talk this how system well in point, the we we've you've heard us. one at this about chain in us is performing our

So a today. as on it's not impact the dramatic stands business it

observant to trends watch very supply it within continue and chain. We the be of

negative the eye it business off driving of, So in not is today but it's a way. taking something we're not our

U.S. year. equipment. this prepared It the book talked really orders million now XX% really business, tactical the and the up our in first allies. $XXX in into foreign And strong to stays year we Force, across we're to communications to The start strong open Air up still or mentioned order demand be military. order very steady across as remarks, last We're healthy. our the and of another we seeing equipment branch demand, is in And the entered into really across both here about exciting this which business just a have is supply the off

military the We're sales, in For across we anticipating XX%. board. strong year-over-year. the year from remain They're up

to U.S. year to real budget X%. are slow. up as is defense tailwind that budgets be maybe this The So continues a expected

that. XX% off it's on the back take of our So up still that's We of can year. and never always last eye

years 'XX us for are that But forward, opportunity outgrowing to that budget, bit sales slows an DoD foreign really the which afford going maybe continue a military our beyond, gone and we've at proud that we to XX winning for by the budget the bringing new to content DoD market this has the outgrow foreign been able within point and then growing really sales. and military new DoD technologies

sir? did Mr. have anything Jones, you further,

No.

next Walton with go We'll now to Research. Wolfe Myles

Chris, I on was Greg and the Myles start this hoping for Lynn to guidance. Defense Walton. is with Ground Dahlberg

saw increased. I So that got

XQ that Although the think some would here. imply I is point high maybe it declines or from

equipment Although positive enduring seems comms on pretty commentary shield. and

I into there cadence So was the reason of is or here? any from dig perhaps just wondering, kind

Yes.

performance most QX our was it's higher by that of tactical a nearly It's XXX% relatively the And communications and short-cycle and ship business. and mainly So bill. equipment, bill. driven is ship

timing going we periodic see definitely and where spikes down based upon the or you're movements defense, of to So just are. ground deliveries in

for accounting. So the smoothed it's not PoC out

we I then we're sequential year. you the get expect into tactical think look ramp communications going as in But to as forward, deeper a

But were we as look ramp far XXXX, concerned. vehicles, the down both a systems service slowing take in very no U.S. in international and brown that's where had you [ also particularly. ] we strong back there's sequential Stryker to as if in then drive So a

kind half, year-over-year you're the as half second back aren't see to the to as of half in maybe you're think going strong growth of rates I a So comparing that first lumpy. still reason. year this I expecting second ground a it be we're the that little it of bigger half bit for is, year will as but in think But defense a

any I one takes MAX Boeing on I then guess, you And on there for the XX%. aero, the out platforms guidance with know positive, mentioned commercial there? guess, one conservatism puts side. and quick Great. are I calling reiterated

largely. put at moving at are expectations Boeing XXX that look number XX Right our with MAX I production And provide I'd per I and think you of month. platform. and line us in about rates a when now, think really we products Airbus the across

kind are So of I what think expectations for line with Boeing's production. in we're

like cycle. we Now that's not a across because positives yes, are certainly on XX wide-body Tier Airbus and to we're the months X and platforms. seeing always the case usually ahead But X, some we're

We Louie DiPalma go next to of Blair. William

you Jim, DoD's connect Force. discussed the sensors the was be the focus shooters to network. JADCX associated a that unified Tactical PacStar to across strength the seems announced to Lynn, Middle unit ramp Chris role a East, your expansion the for military program? for program central Tactical PacStar Air is in with the and they and communication April, and into JADCX deployed that And in a And playing Communications JADCX? in is

about what we've now Air And say the to with sensor Well, And technology that add shout that I release think the talked involved and your in to And area. excited unbelievable from continuously specifically as with broadly enhanced if various that across think question framing PacStar expand in Marines to shooter is with broadly. customer. insightful. focus across their the I'm we're don't deliver of the cautious and we that very the modernization capabilities programs. we'll say big a any DoD are days major and whether to the the Force super do they specifically broadly is had out I content tune to rapidly JADCX. on that and that is war and problems. And driver we're relationship on really that trend with the money, talking communications provide the to out features DoD without call, Army positioned program. are And a comment think realize But solve you're And to to be specifically of programs. I'll of we spending DoD so the and with needs the the to thing And real work it's is is where always listening early those most are to I we very wants to direction tactical and turning an we capabilities programs a that play to able take, anybody and in leave the well that is that to we fighter. team, able be customers the have the to the

We'll go next now ] Truist. [ to at Strecker Sam

First of you're you're all, just I mentioned trends specifically on about know you're the give guys you color more And at some said you within maybe XXX? Can any more MAX. you wide-body. seeing XX positive the where like at kind with of

Yes.

would us excited month But that frame. per month. put X is ramping. pickup a moving that, going mean And about to in I So that towards been I us. at yes, 'XX XX for time we're good per it's program be

any Great. margin the for second provide year-over-year. there's details around is curious little that? Electronics, it still Defense half, & going And your guys like but bit if you for guide was could raised be the then margin I down you looks to a

and of in Well, with margins lot timing it going very, stronger the in mix. margins, the be to compared points lot year. year. first quarter, the a half we second of XXX And to I mean very half the so experienced first basis do are up what a to strong of be it's the here but has definitely They'll of

quarter-to-quarter movement we this I on the timing mean, very, profitable are and program. tactical CXISR product. in where some deliveries going based are of our very products see upon to communications And so equipments you're shorter-cycle

a see year, CXISR of back I Aero the encouraged, well. think on the in that be going defense. we're ground strong defense as surge and healthy a to half contributor is going So to to and also we're

in. Great. one And sneak could then just I more if

kind should revenue that the between we for year, driving at versus terms full Looking of about organic acquisition growth overall how for the of think in year?

within only currently, is to our $XX million really guidance, million. about $XX the Well, acquisition WSC

the significant to we forward. that X% a X% rate growth not portion it's So of look overall

Tony to with Bancroft now Gabelli next go Funds. We'll

obviously, sort longer Lynn, Chris ago. and time something have to just years could the term, couple Is You company types a like guys could reminder M&A, sense going business just to all know you make taste a X-year probably talk off on sort it maybe plus since -- met financial of on value? I like businesses transformational, you want engineering, or spinning it different evolving? of job I you'll And that's of a us how couple a done maybe right frame, have think there like great now of of do unlock we does sort with of you to maybe team, give in or that weeks, of maybe but something do with few about do a more growing? you a it? see if a a

Yes.

kind in through I the company this setting X the work to we actually the the how think hard think appreciate assure to investments do the because for of to really So we're the grow about that X we near for frame. of question do we years plan there's time future, stage to term, and then mid-term, maybe beyond making really do and that continue to

Day lot you'll couple about right, a hear Investor you're And May of on weeks here our that in a XX. at

join that would mean either acquisition, And live I it us don't we to we rarity really something to X webcast, years Investor hope our that's strategies the remember our via that. asked could to Those to able be open to time and ago, lay to speaking, to Day for you that. But things a you accretive you'll a to and are drive broadly but transformational more we have it avenues Curtiss-Wright. I would company. a we remain yes. said look lot success. And it, open you'll be at that And still around so lot whether don't. we your be or And open of out different consider remain consider I a were

that technologies, of have, growth is vision, doing and our And sure across back growth. just drive where great to management we attention within thing is this and into end the said is the XXXX, profitability our ability decade to drive capabilities units own the and markets that's great great of our your we're those and Curtiss-Wright and through making you the things out

nuclear it's that commercial at our is panel Investor obviously, And our Day. one

a there across future all make them explosive we is Curtiss-Wright. riding sure it we're So really, that But not nuclear the all company to big ourselves to things some and is want of an are sure in pretty markets, us make great our assure were the we right potential we focus keep and that. positioning to and growth on has the that potentials for for all a for doing the commercial end present eye balanced approach option, of we

plans transformative remain remain the continue there's it portfolio anything the as of have to as of that one transformational companies And with take do table, also potential to nothing lines we nothing of each see open we that we of but product to but out great the There's really is. we them, we off portfolio evaluate don't -- today acquisition, open planned a and currently.

great Really and everything. job answer. Great

[Operator Instructions] to Jan We'll Baird. go next now of Engelbrecht

under there a and some all with those about plan that or of Any of plan you Westinghouse specific are given other the of you ones, Lynn, life designs us boiling currently Chris I'll think Jim, and water that in the the on or more to aftermarket different reactors. reactor down XX view nuclear just sort coming extensions opposed I have content your Babcock as content designs Are pipeline? the just just Wilcox? give on the designs on the sense commercial GE piece. there's Could and start like the U.S.?

they of variability. regular XX we any reactors have through maintenance, I not of do all XX products extension would and are life great content with in across say actively reactors those reactors and work those of and those as and There's all move our early in days and South relevant Korea. reactors of of on Canada are all reactors plant XX many the the them in

So big the to it's us. reactor a down. year was Like see. It's which market, a a last is for market first stable shut that not we year said was great

serve whether how how really We upgrades, acquisition, reactors. plants our exciting do really I think as simulation they WSC assisted across our use and it's those life package can work that's see understand to have to engineering these or normal upgrade with can can as of maintenance one product plant turn extension work and them we the simulated they across into need activities. those the we things

them already may where deepen Curtiss-Wright XX are well and relationships that win is to can Curtiss-Wright a work XX really small of we we us it is it that across to going just we relatively the reactors be for in So revenue. those the as capability into something integrating on think journey opens to take across out reactors. we doors our dramatic to in point be The those figuring how month pretty

Perfect. follow-up. really Great. just helpful. quick And a That's

take the the front, Sort longer-term they're [ to Curtiss-Wright mean, performs capacity On that to the Navy across that of I of of view? shipyards naval we But seeing shipyards ] the of for opportunity the delays some the the an constraints platforms. content XX the seeing? what's additional sort and some of just is saw [indiscernible] are there alleviate out the

know, may their we maintenance centers, work be is fleet sure, in on do you our And great can for that to us. critical to the ready broadly of the for And focus capability. subsea and Coast free X up X a and and Coast, perform we X definitely have mission. sea-based, West having It's a East more on service of

definitely we And so yes, on that is focused area are an growing.

it turn I'd any Bamford. Ms. appears no And we back things to and further gentlemen, ladies questions. like closing comments. [Operator for have you to Instructions]

you Day joining upcoming speaking Right. Have forward us a see on today, and XX. day. with at great Thank possibly Investor we to you look and for our you May

you, earnings disconnect conference wonderful day. a your gentlemen, you. Curtiss-Wright have line time, call. Bamford. Ms. does and this Please at conclude today's Ladies this Thank and Thank